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About the Role

The Associate will join the Counterparty Credit Risk (CCR) Analytics team, focusing on model monitoring, BAU support, and ad-hoc analyses. This role drives enhancements in data quality, model calibration, and production controls, while supporting the development and continuous enhancement of CCR models. It offers hands-on experience with CCR analytics, derivatives and SFT valuation, and enterprise risk management.

Responsibilities

Assist in the development and enhancement of PFE methodologies for both existing and new products.
Perform model calibration and ongoing monitoring activities, including root-cause analysis of breaches and the development of remediation actions.
Perform BAU support and ad-hoc analyses to investigate production issues, partnering with IT to implement remediation solutions.
Participate in UAT and collaborate with IT and data teams to support new business initiatives and system enhancements.
Work closely with model validation group on model changes and remediation efforts to address validation findings.
Partner with risk officers, risk reporting and other stakeholders to enhance the overall CCR framework and strengthen risk management practices.

Requirements

2–5 years of experience in counterparty credit risk, xVA or market risk modeling.
Knowledge of capital markets, derivatives products, SFT products, and related valuation methodologies.
Strong understanding of CCR concepts (PFE, EPE, collateral, netting) and regulatory requirements.
Strong analytical, problem-solving and communication skills.
Ability to manage multiple priorities and work effectively in a fast-paced and collaborative environment.

Skills

Proficiency in statistical programming languages (e.g. Python, SQL)
Proficiency in data visualization tools (e.g. Power BI)

Location

Work Type

Hybrid

Experience Level

Associate

Education Level

PhD or Master’s degree in Financial Engineering, Mathematics, Computer Science, Statistics, or a related quantitative field.
Professional certifications (e.g. CFA, FRM) are a plus.

Salary/Compensations

$95,000.00 - $140,000.00
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.

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.
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, 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.

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.