Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

About the Role

Seeking a motivated and detail-oriented Associate to join the Initial Margin modeling team. This role will support the enhancement, implementation, and maintenance of the SIMM and xVA VaR model, focusing on monitoring, BAU support, and ad-hoc analysis. The role also involves supporting SIMM and xVA VaR requirements for new product onboarding and collaborating with the Risk IT team for model changes, offering significant exposure to the SIMM and xVA VaR framework and enterprise risk management practices.

Responsibilities

Participate in semiannual ISDA SIMM upgrade and collaborate with IT for implementation.
Perform model ongoing monitoring activities (e.g., back-testing) and investigate breaches for remediation.
Analyze and monitor SIMM and RMA for bilateral transactions, investigating margin disputes and large day-over-day movements.
Assist in the enhancement and ongoing monitoring for the xVA VaR model.
Work with IT to perform user-acceptance-testing (UAT) for implementing SIMM and xVA VaR to support new business onboarding.
Collaborate with FO, margin operations, risk officers, risk reporting, and other stakeholders to improve the SIMM and xVA VaR framework.

Requirements

2–5 years of experience in SIMM, xVA, market risk, or counterparty credit risk.
Knowledge of derivatives products (e.g., interest rate swaps, FX derivatives, options) and related valuation fundamentals.
Understanding of SIMM and xVA concepts such as VM, IM, RMA, ISDA.
Strong analytical, problem-solving, and communication skills with attention to detail.
Ability to manage multiple priorities and work effectively in a fast-paced and collaborative environment.

Skills

Python
SQL
Power BI

Location

Work Type

Hybrid

Experience Level

Associate

Education Level

Bachelor's or Master's degree in Financial Engineering, Mathematics, Computer Science, Statistics, or a related quantitative field.

Salary/Compensations

$95,000.00 - $140,000.00

Benefits

Competitive portfolio of benefits

About the Company

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history, offering diverse financial services including banking, leasing, securities, credit cards, and consumer finance.
The Group has over 130 offices and 80,000 employees worldwide in nearly 40 countries.
Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, 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 its relationships in Asia, the Group offers commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and its global network.
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.

Equal Opportunity

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.