Senior Market Risk Management Specialist

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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 $190,000.00. 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

The Market Risk Management Specialist at DIR level reports to the Deputy Head of the Risk Management Group within the Risk Management Department of CM Inc and Nikko America and works operationally with Risk Management Department Americas Division (RMDAD) Market Risk. The role's primary function is to execute a Market Risk Governance framework across both Group Companies and also to manage projects to ensure the firm's compliance with regulatory requirements such as CFTC, NFA, FRB, and FRTB requirements. The Market Risk Management Specialist will participate in various aspects of risk oversight and analysis for CM and Nikko, with an emphasis on quantitative market risk and liquidity risk issues. The position is on the trading floor and the work environment is fast paced. The person will have direct contact with front office (traders and marketers). Communication of this activity both internally (e.g. by setting risk policies and internal reporting) and externally (particularly to satisfy regulatory requirements) will be a key aspect of this role.

The Risk Management Department is responsible for market, liquidity, model, credit, foreign exchange, operational and legal risks associated with SMBC-CM Inc an Nikko America's businesses and manages those risks directly or through each related departments and groups. The department is organized into four functional groups - Market Risk and Liquidity Risk Group, Risk Analytics Group, Credit Risk Group and the Operational & Regulatory Risk Group. The Market Risk and Liquidity Risk Group is tasked with developing and owning risk management models, managing market risk and liquidity risk, and liaising with Head Office to secure exposure limits.

Role Responsibilies:

• Reports market risk related matters to the RMDAD Market Risk and CM Risk Management.
• Assists Group Head in managing the market risk governance framework to meet regulatory requirements and best practices.
• Assists Group Head in performing annual market risk and liquidity risk governance requirements including annual review and assesment, certification, validation scheduleing, etc. as required by policy.
• Manages regulation required projects including CFTC, FINRA, NFA, and FRB requirements. Familiar with regulator requirements and ensure of compliance.
• Takes lead role in project management. Coordinates across teams to make sure of timely delivery. Works with BA and IT team to make sure projects are implemented as designed.
• Monitors daily risk analytic reports and engages with the Trading Desk to understand and monitor desk dynamics and risk changes.
• Designs & develops necessary risk analysis tools or models to enable more efficient and more in-depth analysis.
• Liaises with model validation team to ensure the models are developed within model governance framework and are performing as designed.

Qualifications and Skills

Recommended years of experience: 7

• Strong knowledge of derivatives and their key risks, particularly interest rate and FX products
• Knowledge of credit and rates trading.
• Familiarity with relevant risk measures including delta, gamma, vega, theta, and etc.
• Familiarity with risk management tools such as limit monitoring, VaR/SVaR and market risk stress-testing.
• Strong understanding of regulatory requirements.
• Strong understanding of Python, Java or other programming languages.
• Strong analytical skills and strong reasoning ability; Can analyze complex problems and find reasonable solutions.
• Ability to implement new risk controls and processes in support of risk management framework.
• Strong project management skills; ability to work independently.
• Great attention to detail. Good documentation skills.
• Expert communication and presentation skills. Expert ability to work collaboratively with various teams.

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].