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 $178,000.00 and $231,000.00. 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
The Director, CCR Stress Testing Product Management & CCAR Reporting will be responsible for product ownership and strategic direction of the CCR stress testing application supporting CCAR and BAU stress testing. The role will also oversee the end-to-end CCAR FR Y-14 Counterparty reporting framework, including implementation, reporting controls, and the accurate and timely submission of regulatory reports.
The successful candidate will demonstrate strong quantitative and analytical skills, the ability to interpret exposure model outputs, and the ability to translate complex risk analytics into clear, actionable insights for senior management and committees. The role will work closely with Counterparty Credit Risk, Enterprise Stress Testing, Finance, Market Risk, Model Development team, and Front Office stakeholders to ensure alignment across stress testing, risk management, and regulatory reporting.
Role Responsibilities
CCR Stress Testing Product Management
• Own the product strategy, roadmap, and prioritization for the CCR stress testing application supporting BAU stress testing and CCAR.
• Apply strong knowledge of CCR products, including Securities Financing Transactions (SFTs) and Derivatives, and key CCR metrics such as PFE, Stressed Exposure, and their drivers.
• Partner with CCR stakeholders, Model Development team and Technology to define business requirements, oversee solution design, and drive delivery of a scalable application.
• Own the continuous improvement agenda for stress testing processes, data quality, and application capabilities.
• Ensure application enhancements align with CCR business needs, regulatory expectations, and the broader technology strategy.
• Oversee delivery progress, manage dependencies and risks, and ensure solutions meet agreed requirements and timelines.
CCAR Reporting
• Own the end-to-end CCAR FR Y-14 Counterparty Schedule reporting process, ensuring accurate, complete, and timely submissions.
• Review and attest to the accuracy and completeness of all measures and exposures included in the schedule.
• Lead the implementation and integration of FR Y-14 Counterparty Schedule requirements, coordinating with Risk, Finance, and Technology teams to deliver reporting capabilities.
• Own the reporting framework, including data reconciliations, validation controls, governance, and stakeholder attestations.
• Manage reporting issues and exceptions, drive root-cause analysis, and coordinate remediation with relevant stakeholders.
• Maintain reporting documentation and support regulatory inquiries, internal reviews, and audits related to the FR Y-14 Counterparty Schedule.
Qualifications and Skills
• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field; Master’s degree or professional certifications is a plus.
• 10+ years of experience in Counterparty Credit Risk (CCR) and Stress Testing
• Strong knowledge of CCR products, including derivatives and Securities Financing Transactions (SFT), and exposure metrics such as PFE and stressed exposure.
• Hands-on experience with CCAR and FR Y-14 Counterparty Schedule reporting, including reporting frameworks, reconciliations, controls, and attestations.
• Proven experience in product ownership, business requirements, roadmap development, and delivery of risk technology applications.
• Strong quantitative and analytical skills, with the ability to interpret exposure model outputs and communicate complex risk analytics to senior management.
• Excellent stakeholder management and communication skills, with experience partnering across Risk, Finance, Technology, Model Development, and Front Office teams.
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.
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.