Risk Management Reporting Director

Sumitomo Mitsui Banking Corporation•New York, NY

4d•$178,000 - $231,000•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.

Requirements

10 years of experience

Responsibilities

Measure gross and net exposures across differing types of instruments (swaps, options and other derivatives) and counterparties.
Model expected counterparty credit loss on the current, expected and future exposures.
Take into account standard elements of risk (market, liquidity and credit) including concentrations, company / industry / sovereign default probabilities, yield, convexity, duration, FX, etc.
Establish threshold for counterparty risk across a number of elements including client, industry, location, etc., depending on risk appetite for potential replacement costs.
Monitor threshold and suggest remedial actions.
Update model for changes in transaction levels, market conditions and risk appetite.
Suggest remedial actions including hedging positions.
Calculate counterparty exposures and potential losses for regulatory reporting including capital adequacy.
Establish procedures for accepting a counterparty and establishing transaction terms, limits and net exposure.
Ensure individual counterparty transactions and net positions conform to exposure limits, collateral requirement and transaction terms.
Facilitate partnerships with market participants to better understand the depth / breadth and quality of existing and potential counterparties.
Establish relationships with rating agencies to help improve modeling and understand emerging trends.
Facilitate strong collaboration with client-facing units to better understand the risks in their businesses, the instruments they handle, and their counterparty relationships.
Improve workflows and data gathering / sharing through partnerships with units such as finance, compliance, legal and IT.
Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.
Establish relationships with auditors and regulators to better understand their concerns, reduce potential compliance issues and improve modeling.
Support long- and short-term planning, new product development, ALM and risk management meetings.
Display an advanced understanding of credit markets and risk policies to ensure that all counterparty arrangements are viable and properly collateralized from a credit risk management perspective.
Demonstrate a working knowledge of counterparty credit risk and current practices in the market in particular.
Stay abreast of trends in order to match market opening with the company's risk appetite in order to maximize risk / reward.
Utilize a solid understanding of information technology and project management, in order to best partner with colleagues in the ongoing tracking of counterparty risks for new and existing clients / products and to create meaningful modeling and analysis.
Apply advanced modeling and analytical skills to create meaningful measurement and reporting on key risk exposures.
Demonstrate an understanding of applicable accounting rules, contract law (ISDA agreements) and regulatory guidance to establish limits, netting arrangements and collateral requirements.
Communicate analytical data effectively.