CCAR Lead for Credit Risk

SMBC Group; New York (NY); Hybrid; USD 145,000 - 185,000; Full time

Benefits offered by this job

Hybrid work model

Annual discretionary incentive

Job summary

SMBC Group is seeking a Vice President, CCAR Credit Stress Testing, to lead wholesale credit stress testing for CCAR, DFAST and capital planning. You will coordinate with Credit Officers, Finance, Model Development, Model Risk Management, Technology, and the Front Office to deliver forecasts, governance, and decision-ready insights for senior management and risk committees.

The role requires strong wholesale credit risk expertise, hands-on CCAR experience, and leadership of analysts in a dynamic

Qualifications

• Six or more years of wholesale credit risk stress testing experience.
• Hands-on experience executing at least one CCAR submission.
• Experience with FR Y-14 reporting schedules and documentation is preferred.
• Strong knowledge of wholesale credit risk models and stressed loss estimation.

Responsibilities

• Own the end-to-end wholesale credit stress testing cycle and CCAR submission delivery including planning, data readiness, scenario implementation, model execution, results aggregation, review and challenge, documentation, governance approvals, regulatory schedules, and submission controls.
• Produce and analyze stressed credit loss across wholesale portfolios; explain movements, concentrations, scenario sensitivities, and key drivers to senior management.
• Partner with Finance, Credit Officers, Business Units, Model Development, Model Risk Management, and Technology to translate regulatory and business requirements into repeatable methodologies and timely deliverables.
• Review and challenge model performance, assumptions, overlays, and adjustments in partnership with model developers and validation teams.
• Maintain credit stress testing policies, standards, procedures, and risk appetite metrics aligned with U.S. regulatory guidance and SMBC frameworks.
• Drive enhancements to data pipelines, analytical tools, and reporting processes for accuracy, scalability, and turnaround time.
• Lead and coach junior teammates.

Skills

Advanced Excel

PowerPoint

SQL

Python

Communication

Project management

Problem solving

Stakeholder management

People leadership

Education

Bachelor’s degree in Finance, Economics, Statistics, Mathematics, Engineering, Computer Science

Master’s degree or CFA/FRM preferred

Tools

Python

Job description

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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., 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 $145,000.00and $185,000.00. 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

SMBC is seeking an experienced credit risk professional to join the Credit Portfolio Risk team as Vice President, CCAR Credit Stress Testing. This role will lead the end-to-end execution and ongoing enhancement of wholesale credit stress testing for CCAR, DFAST and capital planning. The Vice President will partner with Credit Officers, Finance, Model Development, Model Risk Management, Technology, and the Front Office to deliver forecasts, effective governance and controls, clear documentation, and decision-ready insights for senior management and risk committees. The successful candidate will combine strong wholesale credit and quantitative expertise with sound judgment, effective stakeholder management, and the ability to lead and develop analysts.

Role Responsibilities:

• Own the end-to-end wholesale credit stress testing cycle and directly support CCAR submission delivery, including production planning, data readiness, scenario implementation, model execution, results aggregation, review and challenge, documentation, governance approvals, regulatory schedules, and submission controls.
• Produce and analyze stressed credit loss across wholesale portfolios; explain period-over-period movements, portfolio concentrations, scenario sensitivities, and key drivers to senior management and risk committees.
• Partner with Finance, Credit Officers, Business Units, Model Development, Model Risk Management, and Technology to translate regulatory and business requirements into repeatable methodologies, controlled workflows, and timely deliverables.
• Review and challenge model performance, assumptions, overlays, and management adjustments in partnership with model developers and validation teams, ensuring transparent rationale and consistent application.
• Maintain credit stress testing policies, standards, procedures, and risk appetite metrics in alignment with applicable U.S. regulatory guidance and SMBC Group frameworks.
• Drive strategic enhancements to data pipelines, analytical tools, and reporting processes to improve accuracy, scalability, transparency, and turnaround time.
• Lead and coach junior teammates.

Qualifications and Skills

Education:

• Bachelor’s degree in Finance, Economics, Statistics, Mathematics, Engineering, Computer Science, or a related quantitative field. A master’s degree or relevant professional certification, such as the CFA or FRM, is preferred.

Experience:

• Six or more years of relevant experience in wholesale credit risk stress testing within a large or complex financial institution.
• Hands-on experience executing at least one CCAR submission is required.
• Prior experience supporting CCAR submissions, including FR Y-14 reporting schedules and accompanying documentation, is preferred.
• Strong knowledge of wholesale credit risk models and stressed loss estimation across corporate and commercial real estate portfolios.
• Experience partnering with model development and validation teams to assess model outputs, assumptions, limitations, overlays, and compensating controls.
• Experience addressing matters raised by regulators, internal audit, model validation, or independent review teams and driving issues through sustainable remediation.

Skills:

• Advanced Excel and PowerPoint skills, with the ability to translate complex analysis into concise, decision-ready materials for senior and non-technical audiences.
• Proficiency in SQL and working knowledge of Python or another programming language for data extraction, reconciliation, testing, and process automation are a plus.
• Excellent communication, project management, problem-solving, stakeholder management, and people leadership skills.

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].