Executive Director, Credit Forecasting and Risk Analytics (Remote)

Sumitomo Mitsui Banking Corporation • WA

125d • $223,000 - $255,000

About The Position

Join our mission to create a completely new, 100% digital bank that uses consumer feedback to truly meet customers’ best interests. Jenius Bank, a division of SMBC MANUBANK, and a member of SMBC Group, is being built by a close-knit and fun-loving team of financial services professionals and technology experts who came together for the challenge of building a full-service digital bank from scratch. We’re committed to doing it the right way for the customer and are growing rapidly. The Financial and Quantitative Risk team at SMBC MANUBANK’s is responsible for providing 2nd line oversight over financial risks including credit risk, market risk, liquidity risk and model risk. The team is also responsible for CECL allowance process as well as stress testing and getting the bank ready for CCAR. The Quantitative Analytics and Model Oversight leader will be responsible for managing and leading end-to-end CECL allowance process and other credit forecasting activities including budgeting, stress testing and CCAR. The incumbent will lead a small team and will be reporting to the Managing Director, Head of Financial and Quantitative Risk.

Requirements

• Bachelor's Degree in Finance, Economics, Business Administration, Scientific, Data Science or equivalent quantitatively-based field.
• 12+ years of experience, including substantial experience in credit risk management and credit forecasting activities.
• Experience managing the loss provision through economic stress and a rapid growth environment.
• Strong communication skills with an interpersonal style which enables effective interface with senior management.
• Proficiency and exposure to risk modeling and data analysis.
• High attention to detail with strong organizational skills.
• Proven ability to recruit, build and develop a team with creative and high-caliber talent.

Nice To Haves

• Advanced degree or professional certification is preferred.
• CFA or FRM certification a plus.
• CCAR experience is a plus.
• Strong and diverse knowledge across commercial and retail banking lending products.

Responsibilities

• Be responsible for the end-to-end quarterly CECL allowance process and loss provision forecast for the bank, including communication to SMBC executives, bank Board of Directors (Committees), and leadership globally.
• Design and conduct stress testing and scenario analysis to assess the impact of adverse economic conditions on the various financial aspects of the bank.
• Implement CCAR for MANUBANK in close partnership with key stakeholders from SMBC Americas.
• Partner with risk modeling and model validation teams to provide oversight over all models at MANUBANK.
• Maintain an expert-level knowledge of the financial and regulatory landscapes.
• Work collaboratively with all members of 1st and 3rd lines of defense, as well as Non-Financial risk specialists within the 2nd line of defense.
• Represent MANUBANK’s interests and act openly and cooperatively with key regional and global stakeholders.
• Lead and mentor a small team of analysts.
• Support MANUBANK’s culture of Risk Management and Compliance.

Benefits

• Competitive salary range between $223,000.00 and $255,000.00.
• Annual discretionary incentive award.
• Competitive portfolio of benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree