Vice President, Counterparty Credit Risk - Strategic Initiatives

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history, offering a diverse range of financial services including banking, leasing, securities, credit cards, and consumer finance. The Group operates over 130 offices and employs 80,000 people worldwide across nearly 40 countries. In the Americas, SMBC Group serves corporate, institutional, and municipal clients with commercial and investment banking services, leveraging its capital strength and extensive global network.

About the role

The role focuses on expanding and integrating the firm’s counterparty credit risk (CCR) framework across policies, systems, and governance processes. The ideal candidate will lead strategic initiatives, regulatory engagement, and audit-related matters while representing the team in various forums.

Responsibilities

• Lead strategic initiatives to enhance and align the firm’s CCR framework across regions (e.g., AD/EMEA), ensuring consistency in limit setting, collateral standards, escalation processes, and governance in line with regulatory expectations (SR11-10, BCBS guidance).
• Own end-to-end enablement of new product and business initiatives, driving timely execution through the design and implementation of robust CCR control frameworks, governance processes, and system enhancements, including development of detailed technical requirements and cross-functional alignment.
• Lead the development and enhancement of CCR policies, standards, and procedures, and drive stakeholder socialization, training, and consistent interpretation.
• Serve as a central coordinator across CCR initiatives, ensuring alignment between policy, systems, governance, and risk appetite, while driving cross-functional resolution of CCR issues across Analytics, Model Validation, IT, Front Office, Operations, Risk, Legal, and Compliance.
• Prepare and coordinate materials for senior management, regulatory examinations, and audits, ensuring consistent and clear CCR narratives across all outputs, and effectively communicate progress on issues and remediation efforts.
• Represent the CCR team in CCAR and broader stress testing governance activities, ensuring alignment with supervisory expectations.
• Assist in managing the day-to-day counterparty limit monitoring process by tracking risk metrics against approved limits, addressing limit breaches, and following up on remediation efforts with front-line teams and other stakeholders across derivatives and cash trading desks.
• Identify and drive opportunities to incorporate data analytics and AI-driven solutions into CCR processes.

Requirements

• 7+ years of experience in risk management or a risk-taking role, preferably with a focus on capital markets and derivatives.
• Strong analytical, quantitative, and communication skills (written and verbal).
• Good knowledge and understanding of Capital Markets, derivatives products, risk metrics (EPE, PFE, XVA), and CSA/ISDA documents.
• Advanced proficiency in developing executive-level presentations (PowerPoint), including the ability to translate complex CCR analytics, risk metrics, and regulatory concepts into clear, structured, and visually effective materials for senior management and regulators.
• Experience with drafting risk management policies and procedures.
• Strong technical skills, including proficiency in Power BI, Excel, and Word.
• Familiarity with data analytics and AI-enabled tools to enhance risk monitoring, reporting, and process efficiency.
• Ability to collaborate effectively with stakeholders, building positive relationships to drive team and organizational mandates.
• Strong organizational skills and ability to manage multiple assignments concurrently, with flexibility to meet deadlines.

Qualifications

• A Master's or Bachelor's degree in finance, mathematics, engineering, or statistics preferred.
• Progress toward CFA and/or FRM certification preferred.

Pay

The anticipated salary range for this role is between $138,000 and $185,000. The specific salary offered will be based on individual qualifications, experience, and market conditions at the time of hire. The role may also be eligible for an annual discretionary incentive award.

Benefits

SMBC offers a competitive portfolio of benefits to its employees.

Schedule

SMBC’s employees participate in a hybrid workforce model, allowing work from home and the office. Employees must live within a reasonable commuting distance of their office location. Hybrid work may not be permitted for certain roles, such as FINRA-registered positions requiring full-time in-office attendance.