Director, Counterparty Credit Risk Stress Testing Product Owner

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 $178,000.00 and $231,000.00. 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 Director, Product Owner - Counterparty Credit Risk Stress Testing is responsible for defining and delivering the strategic vision, roadmap, and execution of the firm's Counterparty Credit Risk stress testing platform. This role sits at the intersection of risk management, technology, and business stakeholders, ensuring that stress testing capabilities meet regulatory expectations, business needs, and scalability requirements. The Product Owner will own the end-to-end product lifecycle, from vision and design through implementation and ongoing enhancement. They will lead backlog prioritization, translate complex risk and regulatory requirements into actionable product features, and drive alignment across Risk, Technology, Model Development, and senior leadership.



Role Responsibilities:
• Define and own the long-term product vision and roadmap for Counterparty Credit Risk Stress Testing capabilities.
• Set strategic direction for system design and functional evolution, ensuring scalability, resilience, and regulatory alignment.
• Ensure alignment between enterprise stress testing strategy, risk appetite, and regulatory expectations (e.g., CCAR, internal stress testing).
• Partner closely with Technology teams to drive Agile delivery, manage dependencies, and ensure timely execution.
• Backlog Management: Prioritize and manage the product backlog, ensuring that the most valuable features are delivered first.
• Oversee implementation of new features, enhancements, and remediation initiatives.
• Identify opportunities to improve data quality, automation, transparency, and explainability of stress testing results.
• Drive simplification and standardization of processes across stress testing workflows.



Qualifications and Skills
• 8-10+ years of experience in financial services, with significant exposure to Counterparty Credit Risk, Stress Testing, and risk management systems.
• Bachelor's degree in Finance, Economics, or a related discipline; master's degree or relevant certification (e.g., CFA, FRM) is a plus.
• Proven experience as a Product Owner for complex, data-intensive platforms.
• Strong understanding of counterparty credit risk concepts (e.g., exposure, PFE, CVA, stress scenarios).
• Experience working in Agile delivery environments.
• Demonstrated ability to manage complex stakeholder relationships and influence senior leaders.
• Hands-on experience partnering with Technology teams on model implementation, system architecture, and data integration.
• Strong communication skills with the ability to articulate complex risk concepts clearly to senior management and regulators.


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].