Credit Stress Testing Vice President

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 $145,000.00 and $185,000.00. 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 is seeking an experienced professional to join the Credit Portfolio Risk team. This role will support the firm’s credit stress testing development and climate risk stress testing development, including ongoing BAU stress testing, and internal risk appetite processes. The role requires deep expertise in credit portfolio analytics, stress loss estimation, scenario design, and credit risk modeling, as well as strong leadership capabilities to manage a team of quantitative analysts.

Role Responsibilities:

• Lead end-to-end stress testing analytics for wholesale credit portfolios, including risk identification, scenario design, loss forecasting, data preparation, model execution, and interpretation of results for senior management
• Partner with Enterprise Risk, Finance, Model Developers, Credit Officers, and Business Units to design and drive internal stress testing exercises
• Integrate credit stress testing results and forward-looking analyses into risk appetite framework to inform risk tolerance/limit decisions
• Serve as the model owner for the stress testing model, overseeing its development, implementation, and ongoing performance to ensure alignment with regulatory and internal standards
• Improve processes by developing and enhancing tools and infrastructure to automate workflows, improve data quality, and accelerate analytical turnaround time
• Support enterprise-wide initiatives related to climate risk integration, ESG-related credit exposure assessment
• Integrate regulatory expectations (e.g., SR 15-18, SR 12-7) into methodologies and documentation

Role Skills:

• Strong quantitative and analytical abilities in credit stress testing, data analysis, and forecasting techniques
• Strong communication and interpersonal skills with the ability to convey complex concepts clearly
• Ability to work effectively in a fast-paced, collaborative environment
• Strong Excel and PowerPoint skills, with experience utilizing these tools to efficiently organize data, transform and analyze information, and create engaging presentations
• Proficiency in data analysis tools such as SAS, Python, R, SQL, or Alteryx, and visualization tools such as PowerBI is a plus

Qualifications:

Education:

• Bachelor’s degree in Finance, Economics, Statistics, or a related field. A Master’s degree or relevant professional certifications (e.g., CFA, FRM, ESG) are a plus

Experience:

• 5+ years of experience in a large financial institution, with 1+ years in a leadership role within credit risk or portfolio analytics
• Strong working knowledge of credit risk modeling approaches, including stress testing models, CCAR, CECL, and related loss estimation methodologies
• Experience serving as a model owner – collaborating closely with model development teams to prioritize model development and implementation for stress loss models and loss components
• Experience in integrating climate risk into stress testing is a plus
• Experience leading the credit risk identification process 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].