Associate, Counterparty Credit Risk Modeling

Sumitomo Mitsui Financial Group, Inc. • $95K — $140K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • PhD or Master's degree in Financial Engineering, Mathematics, Computer Science, Statistics, or a related quantitative field; CFA, FRM certifications are a plus.
  • 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.
  • Proficiency in statistical programming languages (e.g. Python, SQL) and data visualization tools (e.g. Power BI).
  • Ability to manage multiple priorities and work effectively in a fast-paced and collaborative environment.

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.
  • Provide BAU support and conduct ad-hoc analyses to investigate production issues, collaborating with IT for remediation solutions.
  • Participate in UAT and collaborate with IT and data teams to support new business initiatives and system enhancements.
  • Work closely with the model validation group on changes and remediation efforts addressing validation findings.
  • Partner with risk officers and other stakeholders to enhance the overall CCR framework and strengthen risk management practices.

Benefits

  • Participation in a hybrid workforce model allowing work from home and office.
  • Opportunities for hands-on experience with CCR analytics framework and enterprise risk management practices.
Full Job Description


Role Description

We are seeking a highly motivated and detail-oriented Associate to join the Counterparty Credit Risk (CCR) Analytics team. This role will lead model ongoing monitoring, BAU support, and ad-hoc analyses, while driving enhancements in data quality, model calibration and production controls. This role will also support the development and continuous enhancement of CCR models. This role offers substantial opportunities to gain hands-on experience with the CCR analytics framework, derivatives and SFT valuation methodologies, and broader enterprise risk management practices. This role requires a strong quantitative and analytical background and ability to develop effective modeling solutions to complex business problems.

Key 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.


Qualifications

  • 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.
  • 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.
  • Proficiency in statistical programming languages (e.g. Python, SQL), and data visualization tools (e.g. Power BI) etc.
  • Ability to manage multiple priorities and work effectively in a fast-paced and collaborative environment.

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.

About Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial Group, Inc. Careers

There has never been a more opportune time to join the dynamic team at Sumitomo Mitsui Financial Group, Inc. (SMFG)—a leading force in the financial services industry recognized for its leadership in innovation and diversity.

Explore Job Opportunities

Sumitomo Mitsui Financial Group, Inc. offers a plethora of job opportunities that cater to a variety of skills and interests. The company is renowned for its commitment to professional growth and leadership development, making it an ideal environment for ambitious individuals looking to advance their careers.

Experience Professional Growth

At SMFG, career advancement is not just a possibility but a priority. The company supports its team members with extensive training programs, including leadership development and diversity training, ensuring that every employee has the tools and knowledge necessary to succeed.

Join a Diverse and Inclusive Team

Diversity and inclusion are at the core of the company culture at Sumitomo Mitsui Financial Group, Inc. With a global team that values unique perspectives and fosters a collaborative and inclusive environment, SMFG is a place where everyone can thrive.

Internship Programs

For those starting their career journey, SMFG offers internship programs that provide a robust foundation in the financial sector. Interns gain invaluable experience, working alongside seasoned professionals and engaging in projects that offer real-world applications of their studies.

Benefits and Culture

Sumitomo Mitsui Financial Group, Inc. is dedicated to not only attracting but also retaining top talent by offering competitive benefits that enhance both personal and professional life. The company culture promotes work-life balance, employee well-being, and continuous learning.

Innovative Work Environment

Innovation is a key driver of SMFG’s success. Employees are encouraged to bring forward-thinking ideas to the table and are provided with the resources to transform these ideas into actionable solutions that drive the financial industry forward.

Networking and Career Development

Networking opportunities within SMFG are abundant. Employees are encouraged to connect with colleagues and industry leaders through various platforms and events, enhancing their professional network and opening doors to myriad career opportunities.

Apply for a Position

Sumitomo Mitsui Financial Group, Inc. is actively hiring and looking for talented individuals who are passionate, curious, and driven. Explore open positions that match your skills and interests on the SMFG careers page.

Stay Connected with SMFG Careers

Keep up to date with the latest career tips, industry insights, and company news from Sumitomo Mitsui Financial Group, Inc. Subscribe to receive updates and stay informed about new job openings and employment trends.

Prepare for Your Interview

Aspiring to join SMFG? Prepare your resume to reflect your best self and gear up for the interview process where you can showcase your skills and passion for finance and innovation.

Career Opportunities Await

At Sumitomo Mitsui Financial Group, Inc., the potential for professional development and personal growth is limitless. Discover the exciting and rewarding career opportunities that await at SMFG, where every position contributes to the company’s global success and leadership in the financial industry.
Learn more about Sumitomo Mitsui Financial Group, Inc.
Industry
Finance & Insurance
* Ladders Estimates

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