Risk Model Developer

Sumitomo Mitsui Banking Corporation•New York, NY

1d•$73,000 - $86,000•Hybrid

About The Position

We are seeking a highly motivated and detail-oriented Analyst to join the Counterparty Credit Risk (CCR) Analytics team. This role will support the development, implementation, and ongoing monitoring of CCR models and analytics frameworks, with a focus on exposure monitoring, BAU support, and ad-hoc analysis. This role offers strong exposure to the CCR analytics framework, derivatives and SFT valuation methodologies, and enterprise risk management practices.

Requirements

Bachelor’s or Master’s degree in Financial Engineering, Mathematics, Computer Science, Statistics, or a related quantitative field.
0–3 years of experience in market risk, counterparty credit risk, or pricing model development.
Knowledge of derivatives products (e.g., interest rate swaps, FX derivatives, options), SFT products, and related valuation fundamentals.
Understanding of CCR concepts such as PFE, EPE, collateral, and exposure modeling.
Strong analytical, problem-solving and communication skills with attention to detail.
Proficiency in statistical programming languages (e.g. Python, SQL), and data visualization tools (e.g. Power BI) etc.
Ability to manage multiple priorities and work effectively in a fast-paced and collaborative environment.

Responsibilities

Analyze and monitor counterparty credit exposures across derivatives and SFT portfolios, including PFE, EPE, and related risk sensitivities, and investigate large day-over-day and month-over-month movements.
Perform model ongoing monitoring activities (e.g. back-testing), and investigation of breaches for any remediation action.
Assist in the development and enhancement of CCR models.
Investigate and resolve data quality issues impacting CCR analytics.
Participate in user acceptance testing (UAT), and partner with IT and data teams for new business and system enhancements.
Collaborate with risk officers, risk reporting and other stakeholders to improve CCR framework.