Counterparty Credit Risk Associate

Sumitomo Mitsui Banking Corporation•New York, NY

1d•$84,000 - $135,000•Hybrid

About The Position

The Associate will serve as a key contributor within the Counterparty Credit Risk (CCR) Portfolio Analysis team. The person will contribute to discussions on modeling new products, engage with the risk modeling team to drive implementation of products and develop and maintain wide varieties of stress testing scenarios covering historical and forward-looking scenarios. The candidate will perform ongoing counterparty surveillance, risk exposure monitoring, ad-hoc analysis on various risk analytics projects, and work closely with front office on estimating exposures. This role will not have direct reports. This role requires strong quantitative acumen, the ability to interpret exposure model outputs, and the skill to translate complex risk analytics into clear narratives for senior management and committees. The Associate will work closely with Enterprise Stress Testing, Finance, Market Risk, Quant/Model Development, and Front Office partners.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related quantitative field
4+ years of relevant experience in Counterparty Credit Risk, Market Risk, or Stress Testing, with strong familiarity in derivatives and SFT exposure analytics.
Direct experience executing stress‑testing frameworks (e.g., CCAR), including scenario design, exposure projection, and result interpretation.
Strong understanding of PFE, EPE, EAD, collateral and netting structures, and model‑driven exposure outputs; proficiency with Excel and comfort with analytical tools (e.g., Python, visualization platforms).
Ability to synthesize large datasets, identify exposure drivers, assess vulnerabilities, and provide effective challenge.
Strong written and verbal ability to present complex risk analytics clearly to senior management and non‑technical stakeholders.
Demonstrated discipline in documentation, review controls, stress‑testing governance, and adherence to regulatory expectations.
Proven success working cross‑functionally with Front Office, Risk, Finance, Quant, and Technology teams.

Nice To Haves

Master’s degree or professional certifications (e.g., CFA, FRM) are a plus.

Responsibilities

Analyze and interpret PFE/EPE/EAD (including stressed exposures), explaining key exposure movements, concentration risks, and drivers of change. Validate exposures for any limit triggers and credit limit breaches
Support ongoing monitoring of CCR Risk Appetite metrics, early‑warning indicators, threshold breaches, and counterparty‑level emerging risks.
Prepare high‑quality stress‑testing and CCAR reports for senior management and risk committees, summarizing exposure trends and scenario impacts.
Partner with Quant/Model Development to review exposure model behavior under stress and assess methodology updates (interpretation/challenge role).
Evaluate stressed wrong‑way risk indicators and support concentration analysis across sectors, collateral types, and counterparties.
Strengthen documentation quality, review routines, assumptions, and governance standards.
Improve data accuracy, reporting automation, visualization capabilities, and overall stress‑testing workflow efficiency.
Work closely with Front Office, Market Risk, Finance, Enterprise Stress Testing, Quant teams, and Technology to ensure consistent and complete representation of CCR stress exposures.
Contribute to continuous improvement within the Portfolio Analysis function.