Market Risk Officer

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $155,000.00 and $195,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

Provide oversight of the Credit Trading desk by working with the traders on a daily basis to understand the trading portfolio and the related market risk exposure. Ensure trading desk complies with all the trading desk limits and tolerances

Role Objectives

Be accountable for the identification and evaluation of market risk generated by the IG/HY Credit desk and Structured Product desk (CLOs and ABS)

Establish strong relationship with the trading desk and understand their on-going strategies.

Review new business proposals and new product proposals including risk limit setting/monitoring and ensure risks are fully captured within firm’s systems.

Be comfortable with discussing various credit products, their risks and building tools necessary to analyze risk, market data and trade level analysis.

Be responsible for Identification of ‘top risks’ and outlier stress events. Perform ad-hoc stress tests as well as periodic stress testing.

Monitor changes in portfolio and market to extract value-added insight for senior management.

Creates high-quality and well-structured presentations and reports summarizing portfolio performance and results to Management and regulators.

Ability to speak fluently on market events.

Communicate/escalate significant -- large, complex, new, or otherwise noteworthy items at appropriate forums.

Performs special projects, and additional duties and responsibilities as required.

Qualifications And Skills

Approximately 2-4 years’ experience in market risk management specifically in credit and structured credit desk

Strong academic record with bachelor’s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred

Ability to work in a fast-paced environment, balancing multiple high priority deliverables.

Ability to effectively communicate with a wide range of stakeholders, both written and verbally regarding key risks in a timely manner

Ability to work independently in a self-directed way in a collaborative, team-oriented environment.

Strong financial product knowledge is required, including an understanding of risk representations including Greeks) and a solid understanding of risk management concepts such as VaR, stress testing and scenario analysis is required.

Display Attention to Detail in all aspects of work and relationships.

Ability to lead the development of the risk function across the business and to work collaboratively with other business owners.

Technical skills to ensure that repetitive tasks can be executed efficiently and accurately by introducing automated solutions, e.g. Powerbi, VBA skills

Ability to code is a plus.

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected].