Market Risk Management Associate

Sumitomo Mitsui Banking Corporation • New York, NY

174d • $95,000 - $150,000

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.

Requirements

• Education: Required – BA / BS
• Work Experience: 3+ years of experience in market risk / derivative risk or closely risk-related role.
• Language Skills: Business fluency in English (Japanese is preferred).
• Software Systems / Programming Languages: Working knowledge of VBA, and Microsoft Office Suite.

Responsibilities

• Run models that project the potential interest rate risk on short-term earnings and longer term equity / economic value at risk.
• Monitor potential loss across different types of risks.
• Establish thresholds, at-risk levels and exposure limits by product and business.
• Produce fair value equivalents for asset prices and funding costs using existing pricing data from businesses, counterparties, markets, replacement costs and transfer pricing data.
• Stress test results and prepare a gap analysis.
• Produce a funding analysis that takes into account total cost including deposits, incorporating relevant ops costs.
• Report on potential loss across different types of risks (interest, convexity, duration, FX, counterparty, etc.).
• Develop relationships with units such as IT to improve data gathering and model construction.
• Support the unit's work with industry specialists, country risk managers, credit review / analysis staff, treasury staff and relationship managers.
• Network within the industry through meetings, events and involvement with trade organizations.

Benefits

• Competitive portfolio of benefits to its employees.
• Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office.

What This Job Offers

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