Vice President - Enterprise Scenario Design Lead

Sumitomo Mitsui Financial Group, Inc. • $155K — $195K *
New York, NY 10025In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance/economics; advanced degree preferred
  • 10+ years in scenario design and risk management
  • Expertise in macroeconomic trends affecting banking
  • Experience with CCAR and enterprise stress testing
  • Strong understanding of U.S. regulatory expectations
  • Ability to build relationships with business partners
  • Effective communicator with senior management and regulators

Responsibilities

  • Develop macroeconomic forecasts for enterprise stress scenarios
  • Coordinate consistency across macroeconomic forecasts and market shocks
  • Craft scenario narratives detailing economic drivers and assumptions
  • Manage the scenario design working group with senior stakeholders
  • Maintain inventory of approved enterprise scenarios
  • Link scenarios to the firm's risk taxonomy and vulnerabilities
  • Collaborate with risk technology to enhance scenario capabilities

Benefits

  • Hybrid work model with flexibility between home and office
  • Opportunity to work in a dynamic, strategic environment
  • Engagement with senior stakeholders across the organization
  • Involvement in high-impact regulatory compliance initiatives
  • Growth potential in a leading financial institution
Full Job Description
Role Description

The Enterprise Risk Management team is seeking a Vice President to provide enterprise-wide leadership for scenario design for the SMBC Americas Division, including the development, governance, and execution of enterprise stress tests including CCAR. The role ensures that scenario methodologies, assumptions, and governance processes support effective capital adequacy assessment, risk appetite and strategic decision-making, in alignment with U.S. regulatory expectations and SMBC Group standards.

The role will report to the Head of Stress Testing & Scenario Design.

Role Responsibilities:

  • Develop macroeconomic forecast for enterprise stress scenarios covering CCAR/capital stress testing, risk appetite and adhoc/rapid stress testing
  • Coordinate with risk stripes to drive consistency across macroeconomic forecast and idiosyncratic market shocks for trading portfolios
  • Develop scenario narratives that clearly articulate economic drivers, key assumptions, and risk impacts.
  • Own the scenario design policy and manage the scenario design working group which has senior stakeholders from risk, finance and front office
  • Maintain an inventory of approved enterprise scenarios and associated use cases
  • Ensure linkage between enterprise scenarios and the firm's risk taxonomy, material risks, vulnerabilities, concentrations, and emerging risk inventory.
  • Partner with risk technology to create a scenario capability that houses all internal scenarios for downstream use


Qualifications and Skills

  • Bachelor's degree in finance/economics or related discipline; Master's, MBA or PhD degree preferred in similar disciplines
  • 10+ years of experience in scenario design, stress testing, capital planning, risk management, economics, or quantitative analytics within a large financial institution
  • Deep expertise in macroeconomic trends and emerging risks impacting banking and trading portfolios; familiarity with both banking and trading products is highly desired
  • Demonstrated experience designing macroeconomic scenarios and forecast supporting CCAR and/or enterprise stress testing in large and complex banking organization, ideally in a category 3 bank or GSIB
  • Strong understanding of U.S. regulatory expectations, including CCAR and capital planning guidance (SR 12-7/ 15-19), and related supervisory stress testing standards.
  • Self-starter and ability to forge strong relationships with business partners including risk stripes, finance and front office
  • Gravitas to lead challenging and strategic discussions with business partners
  • Exceptional ability to communicate scenario results to senior management and regulators

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

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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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