Market Risk Trading Analyst - 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 $82,000.00 and $96,000.00. 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
Using a number of modeling techniques and data structures, project the potential loss attributable to changes in market values on the trading book. Create scenarios across a number of timeframes. Monitor potential loss across different types of risks. Based on model results, suggest risk reduction and hedging strategies.
Role Objectives: Delivery
Populate model measuring the potential loss attributable to changes in market values on the trading book. Populate stress tests and highlight results. Measure fair value / market prices for asset prices using existing pricing data from businesses, counterparties and markets, and replacement cost. Measure the potential loss across different types of risks considering correlation between instruments, and suggest risk reduction and hedging strategies.
Role Objectives: Interpersonal
Develop relationships with units such as treasury and trading functions to better understand the instruments and associated risks in their businesses. Develop relationships with units such as IT to improve data gathering and modeling. Begin to network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.
Role Objectives: Expertise
Demonstrate basic knowledge of financial analysis / markets to mark assets to market especially those assets without ready market values. Demonstrate a fundamental understanding of financial markets and economics to help ensure models take into account current and changing conditions and to create a valid set of variables and scenarios. Demonstrate a solid knowledge of risk modeling to take into account various types of risk, correlation between risks and idiosyncratic risk. Have a working knowledge of information technology, data management and statistical analysis to create meaningful modeling and analysis. Communicate analytical data effectively.
Qualifications and Skills
Recommended years of experience: 0
Additional Requirements
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.