Counterparty Credit Risk Vice President

Sumitomo Mitsui Banking Corporation•New York, NY

1d•$135,000 - $185,000•Hybrid

About The Position

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 $135,000.00 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 DescriptionThe Vice President, Portfolio Analysis – Stress Testing & CCAR, will serve as a key contributor within the Counterparty Credit Risk (CCR) Portfolio Analysis team. The VP will drive the team’s Stress Testing and CCAR workstreams, ensuring robust methodologies, consistent exposure behavior under stress, and high‑quality regulatory and internal deliverables. This role will not have any 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 VP will work closely with Enterprise Stress Testing, Finance, Market Risk, Quant/Model Development, and Front Office partners.

Requirements

Education: Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related quantitative field; Master’s degree or professional certifications (e.g., CFA, FRM) are a plus.
Experience: 7–10+ years of relevant experience in Counterparty Credit Risk, or Stress Testing, with strong familiarity in derivatives and SFT exposure analytics.
Stress Testing Expertise: Direct experience executing stress‑testing frameworks (e.g., CCAR), including scenario design, exposure projection, and result interpretation.
Technical Skills: 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).
Analytical Capability: Ability to synthesize large datasets, identify exposure drivers, assess vulnerabilities, and provide effective challenge.
Communication Skills: Strong written and verbal ability to present complex risk analytics clearly to senior management and non‑technical stakeholders.
Risk & Governance Mindset: Demonstrated discipline in documentation, review controls, stress‑testing governance, and adherence to regulatory expectations.
Collaboration: Proven success working cross‑functionally with Front Office, Risk, Finance, Quant, and Technology teams.
Leadership: Ability to mentor junior staff, promote analytical rigor, and contribute to continuous improvement within the Portfolio Analysis function.

Nice To Haves

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

Responsibilities

Stress Testing Analysis: Lead CCR stress‑testing activities across Derivatives and SFT portfolios, including scenario design, exposure behavior analysis, driver interpretation, and identification of stress vulnerabilities.
CCAR Analysis & Reporting: Support CCR-related CCAR deliverables, including exposure projections, documentation, narratives, and coordination with Finance and Enterprise Stress Testing.
Exposure Interpretation: Analyze and interpret PFE/EPE/EAD (including stressed exposures), explaining key exposure movements, concentration risks, and drivers of change.
Risk Appetite Monitoring: Support ongoing monitoring of CCR Risk Appetite metrics, early‑warning indicators, threshold breaches, and counterparty‑level emerging risks.
Management Reporting: Prepare high‑quality stress‑testing and CCAR reports for senior management and risk committees, summarizing exposure trends and scenario impacts.
Model Engagement: Partner with Quant/Model Development to review exposure model behavior under stress and assess methodology updates (interpretation/challenge role).
Wrong‑Way Risk Assessment: Evaluate stressed wrong‑way risk indicators and support concentration analysis across sectors, collateral types, and counterparties.
Controls & Documentation: Strengthen documentation quality, review routines, assumptions, and governance standards across stress‑testing and CCAR processes.
Process & Data Enhancement: Improve data accuracy, reporting automation, visualization capabilities, and overall stress‑testing workflow efficiency.
Cross‑Functional Collaboration: 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.