Associate, Counterparty Credit Risk Modeling

SMBC Group; New York (NY); Hybrid; USD 95,000 - 140,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

SMBC Group in the United States seeks an Associate for the Counterparty Credit Risk Analytics team. The role leads ongoing monitoring of CCR models, supports BAU operations, and conducts ad-hoc analyses while driving improvements in data quality, calibration, and production controls.

The position offers exposure to CCR analytics frameworks, derivatives and SFT valuation methods, and broader enterprise risk practices. A strong quantitative background and programming skills are required.

Qualifications

• PhD or Master’s degree in Financial Engineering, Mathematics, Computer Science, Statistics is required or strongly preferred.
• 2–5 years of experience in counterparty credit risk, xVA or market risk modeling.
• Strong knowledge of CCR concepts (PFE, EPE, collateral, netting) and regulatory requirements.

Responsibilities

• Assist in the development and calibration of PFE methodologies for existing and new products.
• Conduct model calibration and ongoing monitoring, including root-cause analysis of breaches and remediation actions.
• Provide BAU support and ad-hoc analyses, collaborating with IT to implement solutions.

Skills

CCR concepts

Analytical thinking

Communication

Statistical analysis

Education

PhD or Master’s degree in Financial Engineering, Mathematics, Computer Science, Statistics

Tools

Python

SQL

Power BI

Job description

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 $95,000.00 and $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. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

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.

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 [e-mail].