Quantitative Risk Specialist - SMBC
New York, NY 10172
About the Job
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.
The anticipated salary range for this role is between $143,000.00 and $185,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Create risk models leveraging existing bureau, commercial and consumer data, structured and unstructured data, and using statistical, financial, BI and AI techniques. Based on model results, establish thresholds, at-risk levels and exposure limits by product and business. Analyze outcomes and tune models. Create and monitor position reporting to measure risk across units and as an entity. Assist in rebalancing positions to optimize risk and reward.
Role Objectives: Delivery
Create risk models leveraging existing bureau, commercial and consumer data, structured and unstructured data, and using statistical, financial, BI and AI techniques. Based on model results establish thresholds, at-risk levels, and exposure limits by product and business. Prepare periodic reporting to analyze outcomes and tune models. Create and monitor position reporting to measure risk across units and as an entity. Assist in rebalancing of positions to optimize risk / reward. Create measure and monitor potential loss across different types of risks (credit, market, liquidity, operational) and sub-components of those risks (concentration, company / industry / sovereign default probabilities, yield, convexity, duration, and FX, etc.). Work with business unit to optimize risk / return, remediate and avoid exceptions, and identify root causes of non-compliance and variances to expected performance. Evaluate new products and customer classes to ensure adherence to thresholds, at risk levels and exposure limits. Conduct analysis to provide management and assessment of risk and business insights.
Role Objectives: Interpersonal
Partner with units such as treasury, trading and client-facing functions to better understand the instruments and associated risks in their businesses. Work with consulting firms, academic institutions and other financial institutions to improve modeling techniques and understand emerging issues. Collaborate with market counterparties to enhance modeling capabilities. Partner with units such as IT to improve data gathering and modeling. Work cooperatively with industry specialists, country risk managers, credit review / analysis staff and relationship managers to evaluate the efficacy of models. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends and modeling techniques. Establish relationships with auditors and regulators to better understand their concerns and reduce potential compliance issues.
Role Objectives: Expertise
Apply a solid understanding of financial markets and economics to create a valid set of variables and scenarios. Demonstrate an advanced knowledge in risk modeling to take into account various types of risk, correlation between risks and idiosyncratic risk. Have a working understanding of information technology and project management to create meaningful modeling and analysis. Utilize a solid understanding of risk management systems across the organization to develop an overall modeling approach. Demonstrate a strong understanding of data management and data types to improve model accuracy. Be familiar with financial services trends, emerging issues and regulatory requirements (CCAR, DFAST) to inform models. Communicate analytical data effectively.
Qualifications and Skills
Recommended years of experience: 7
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.