Market Risk - Programming Language Expert 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 $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

SMBC seeks a Vice President (VP) for the ‘Product and Data Management Team - Market Risk’ in Risk Management Department Americas Division (RMDAD). The VP understands Market Risk management fundamentals, financial products, and their associated risks., Additionally, the VP has an expert understanding of coding languages, including Python, and will leverage their expertise to refine existing risk models and EUCs to improve efficiency. The VP will drive enhancements to EUCs and risk models, including converting manual processes into automated ones, where applicable. The VP is responsible for testing and maintaining Market Risk EUCs, including maintaining appropriate documentation. The scope for this role is SMBC’s Combined U.S. Operations (CUSO. This role reports to the lead of the ‘Product and Data Management Team’ and will have the opportunity to learn under seasoned Market Risk professionals. This role is on a growing team and offers excellent career opportunities.

Role Responsibilities

Drive enhancements to the Bank’s EUCs and risk models, including the automation of manual processes

Refine existing EUCs and risk models for improved accuracy and efficiency through Python-based optimization techniques

Design and maintain data pipelines using Python to extract, clean, and transform data from various sources for risk calculations.

Design and testing risk infrastructure to achieve greater functionality of risk management practices

Collaborate with risk management and technology teams to understand requirements and translate them into actionable insights

Provide regular status updates to team lead and escalates issues timely, as necessary

Qualifications and Skills

Bachelor’s degree, preferably in finance, business administration, or related field

Minimum of seven years’ experience working in a Market Risk management role

Understanding of risk management concepts: Value-at-Risk (VaR), stress testing, and backtesting

Expert understanding of programming languages including Python, R, and C++

Familiarity with database technologies used for data aggregation, such as Microsoft SQL, MySQL, and Oracle

Strong analytical skills to identify and rectify reporting issues effectively

Ability to communicate appropriately at every level of the organization, including technology teams

Team player that demonstrates and promotes a positive team culture

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].