Head of Market Risk Technology - SMBC
White Plains, NY 10601
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 $225,000.00 and $255,000.00. 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
We are currently seeking a talented and motivated Head of Market Risk Technology to join our Risk Technology Team. The Head of Market Risk Technology will play a pivotal role in leading a team responsible for developing and implementing technology solutions to support market risk management activities.
The Role will report into the Head of Risk Technology.
Role Objectives
- Lead a team of talented professionals in the development and implementation of leading-edge technology solutions to enhance market risk measurement, monitoring, and reporting capabilities.
- Collaborate with cross-functional technical and business teams to understand business requirements and translate them into technical specifications.
- Coordinate and manage a portfolio of strategic projects and activities, providing transparency of progress against the strategic roadmap.
- Coordination and management of key senior meetings to present updates, emerging risks and manage action items.
- This role requires strong technical and operational skills to increase the efficiency and effectiveness of our production processes, ensure system availability, and drive continuous improvement.
- Collaborate with cross-functional technical (Front Office, Data Management, Architecture, Infrastructure, etc.) and business teams (Market Risk, Model Risk etc.) to understand business requirements and translate them into technical specifications.
Qualifications and Skills
- 10+ years of professional experience at banks or similar financial institutions with a focus on Market Risk Technology.
- Prior experience on buildouts and deep understanding of Market Risk metrics such as VaR, sVar, stress testing, and sensitivity analysis across FX, Fixed Income, Commodities and Equities.
- Experience working with market data sources, financial instruments, and trading systems.
- Key technical skillsets must include prior experience with Python/Java (Python preferable) and Cloud Computing architecture.
- Knowledge of database systems (e.g., SQL, NoSQL) and Data Science platforms like Databricks.
- Excellent communication and people skills, with the ability to collaborate effectively with stakeholders at all levels.
- Ability to work independently and manage multiple priorities in a demanding environment.
- Knowledge of project management frameworks including Waterfall and Agile (Required) and tools such as JIRA and MS Project.
- BA/BS degree required
- 10+ years of professional experience at banks or similar financial institutions with a focus on Market Risk Technology.
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.
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.