Director, Counterparty Credit Risk Stress Testing

Sumitomo Mitsui Banking Corporation • New York, NY

4d • Hybrid

About The Position

The Director of Counterparty Credit Risk (CCR) Stress Testing is responsible for leading the end-to-end execution and oversight of CCR stress testing across internal stress testing initiatives and CCAR. This role ensures the accuracy, integrity, and interpretability of stressed exposure results, providing credible risk insights to senior management and regulators. The Director partners closely with CCR Risk Managers, Technology, Risk Analytics, and Risk stakeholders to drive robust model implementation, scalable infrastructure, and continuous enhancement of stress testing capabilities in line with regulatory expectations.

Requirements

• 10+ years of experience in Counterparty Credit Risk, Stress Testing, Risk Analytics, or related disciplines within a large financial institution.
• Bachelor’s degree in Finance, Economics, or a related discipline
• Strong expertise in stress testing frameworks and CCAR, including regulatory expectations, governance, and documentation standards.
• Deep understanding of counterparty credit risk exposure modeling (e.g., PFE, EAD), netting, collateral, and stress scenario design and application.
• Proven experience managing large-scale model execution processes and assessing the reasonableness of stressed exposure results.
• 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.

Nice To Haves

• A master’s degree or relevant certification (e.g., CFA, FRM) is a plus.

Responsibilities

• Lead the execution, governance, and control framework for CCR stress testing models supporting internal stress testing exercises and CCAR.
• Review, challenge, and validate stressed exposure outputs to ensure results are intuitive, explainable, and aligned with stress scenarios and underlying risk drivers.
• Analyze and explain material movements in stressed exposures, including scenario impacts, portfolio changes, and model behavior, and provide clear narratives to CCR team and senior management.
• Partner with Technology teams to drive model implementation, productionization, automation, and performance optimization of stress testing platforms.
• Coordinate with Risk Analytics and Model Risk Management to address model validations, findings, limitations, and remediation plans related to stress testing models.
• Ensure adherence to regulatory requirements, supervisory guidance, and internal policies governing firmwide stress testing and CCAR.
• Drive enhancements to stress testing methodologies, data quality, controls, and documentation to strengthen model credibility and regulatory defensibility.
• Support regulatory exams, internal audits, and management reviews related to counterparty credit risk stress testing.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees