Associate, Treasury Quantitative Analytics

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 $80,000.00 and $130,000.00. 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

SMBC’s Combined U.S. Operations (CUSO) seeks a quantitatively oriented individual for the position of Associate, Quantitative Analytics within Corporate Treasury. The role involves quantitative model development initiatives to support key Treasury functions, including PPNR/balance sheet forecasts, IRRBB, liquidity management and CCAR stress testing.

The ideal candidate should have a understanding of statistical/predictive models and methodologies, and a solid grasp of financial markets and US regulatory framework.

• Develop PPNR and balance sheet forecast models across various business lines (investment banking, trading, commercial, consumer) for the purpose of CCAR stress testing and business planning processes.
• Support the model development in ALM/IRRBB domain (e.g. non-maturity deposit decay rate, beta, prepayment, etc.)
• Collaborate with model owners and model validation team to address validation findings and ensure models meet internal and external standards.
• strong partnership with across Finance, Risk and business leaders during the development, implementation and use of the quantitative models, ensuring appropriate design and use.
• Align model frameworks with business objectives and regulatory requirements (SR 11-7, SR 12-7, SR 15-18, SR 15-19).

Qualifications and Skills

• Master’s or PhD in Mathematics, Statistics, Finance, Economics, or a related field. A Bachelor’s degree with extensive experience may be considered.
• Quantitative model development, research and/or validation experience within banking, fintech, or financial service industry.
• Knowledge of statistical/predictive modeling knowledge and techniques.
• Proficiency in programming language such R, Python, and SAS.
• Strong communication skills; The ability to translate model results into business intuition.
• Strategic thinking and problem-solving abilities.

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].