Credit Portfolio Risk Associate

Sumitomo Mitsui Banking Corporation • New York, NY

22h • $84,000 - $131,000 • Hybrid

About The Position

SMBC is seeking a highly motivated and detail-oriented Associate to join its Credit Portfolio Risk team. The role focuses primarily on the Current Expected Credit Losses (CECL) process and related portfolio credit risk analytics, while also supporting credit stress testing activities. The Associate supports recurring quarterly production, analysis, governance, documentation, and cross-functional coordination to help ensure accurate and timely deliverables. The role calls for strong reporting skills, an understanding of credit risk and allowance methodologies, and the ability to manage detailed processes across multiple stakeholders.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, Statistics, Data Analytics, or a related field.
• At least 2 years of experience in a financial institution, preferably in CECL or credit stress testing.
• Working knowledge of CECL or other allowance methodologies, including expected loss concepts, reserve drivers, qualitative adjustments, and governance expectations.
• Strong analytical and problem-solving skills, attention to detail, and ability to identify and explain key drivers of results.
• Strong written and verbal communication skills, including the ability to facilitate stakeholder discussions, communicate across functions, and present technical information to different audiences.
• Strong organizational skills and ability to manage recurring deliverables, competing priorities, and tight deadlines.
• Strong Excel and PowerPoint skills, including experience organizing, reconciling, analyzing, and presenting large or complex datasets.
• Ability to work collaboratively and independently in a fast-paced, control-focused environment.

Nice To Haves

• A master's degree or relevant professional certification, such as CFA or FRM.
• Experience with credit portfolios, credit risk data, or loss estimation methodologies.
• Experience coordinating recurring processes and stakeholder meetings across multiple functions, including agenda preparation, meeting materials, follow-up, and action-item tracking.
• Experience with credit stress testing or related loss forecasting.
• Proficiency in SQL, Python, R, SAS, Alteryx, Power BI, or similar data automation and visualization tools.

Responsibilities

• Perform quarterly CECL production for applicable portfolios and legal entities, including data preparation, calculation, analysis, review materials, and process coordination.
• Analyze expected credit losses at the portfolio level, including reserve drivers, changes, and comparisons with actual losses.
• Coordinate timelines, inputs, review checkpoints, and deliverables across Credit Portfolio Risk, Controllers, legal entities, model teams, and other stakeholders.
• Prepare materials for CECL governance and review forums, explaining regulatory requirements, methodology, results, key drivers, and limitations.
• Maintain procedures, controls, supporting workpapers, and audit-ready documentation; assist with responses to internal review, model validation, internal audit, regulators, and external auditors.
• Support enhancements to CECL methodologies, data, reporting, governance, and process efficiency.
• Provide backup support for credit stress testing exercises, including data preparation, upfront adjustments, results aggregation, validation checks, deck preparation, and documentation.
• Support credit stress testing governance materials, procedures, management reporting, and coordination.
• Maintain sufficient cross-training and process knowledge to provide reliable coverage during peak periods.

Benefits

• Competitive portfolio of employee benefits.
• May be eligible for an annual discretionary incentive award.
• Hybrid workforce model with an opportunity to work from home and from an SMBC office.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level