Risk Management Specialist

SMBC Group; New York (NY); Hybrid; USD 95,000 - 150,000; Full time

Job summary

SMBC Group is seeking an Associate for the Daily Market Risk Analysis & Reporting Team. This role involves producing and analyzing Market Risk reports, providing commentary on changes, and supporting risk committee materials. Candidates should have a solid understanding of Market Risk fundamentals and prior experience in risk analysis and reporting within banking. The position offers excellent career opportunities within a hybrid work model.

Qualifications

• 3-5 years of experience in Market Risk analysis and reporting preferred.
• Strong analytical skills for reporting and issue resolution.
• Proficiency in programming languages such as SQL, Python, R, C++.

Responsibilities

• Produce daily Market Risk reports for all legal entities under SMBC Americas Division.
• Perform Market Risk analysis and monitoring for internal stakeholders.
• Enhance risk reporting processes and aggregation.

Skills

Market Risk analysis

Analytical skills

Effective communication

Team-oriented

Education

Bachelor’s degree in finance, business administration, or related field

Tools

SQL

Python

R

C++

VBA

PowerBi

PowerPoint

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., 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 $150,000.00. The specific salary offered will depend on the individual’s qualifications, experience, and current market conditions. The role may also be eligible for an annual discretionary incentive award. SMBC offers a competitive benefits portfolio in addition to cash compensation.

SMBC seeks an Associate for the ‘Daily Market Risk Analysis & Reporting Team’ within the Enterprise Risk Stripe of the Risk Management Department Americas Division (RMDAD). The associate will produce and analyze Market Risk reports, providing commentary on changes. Reporting to the Team Lead, this role offers the opportunity to learn from seasoned Market Risk professionals. Candidates should have a solid understanding of Market Risk fundamentals, financial products, and prior experience in risk analysis and reporting within banking. This is a growing team with excellent career opportunities.

Role Objectives: Delivery

Produce daily Market Risk reports for all legal entities under SMBC Americas Division. Reports include Limits, VaR/SVaR, Market Risk RWA, Backtesting, etc. The Associate should understand each Market Risk metric and be able to explain drivers by querying and analyzing data. The role involves delivering on strategic and tactical projects, with familiarity with project management lifecycle a plus.

Role Responsibilities:

• Perform Market Risk analysis and monitoring for internal stakeholders
• Provide analysis and commentary explaining changes in report results
• Enhance risk reporting processes and aggregation
• Support preparation of risk committee materials
• Ensure compliance with Market Risk reporting standards

Qualifications and Skills

Recommended experience: 3-5 years

• Bachelor’s degree in finance, business administration, or related field
• Prior experience in Market Risk analysis and reporting (preferred)
• Knowledge of programming languages such as SQL, Python, R, C++ (preferred)
• Understanding of financial products like interest rate swaps, swaptions, caps/floors, bonds, CDS, Treasuries
• Familiarity with databases such as SQL, MySQL, Oracle
• Proficiency in VBA, PowerBi, and PowerPoint
• Strong analytical skills for reporting and issue resolution
• Effective communication skills across organizational levels
• Team-oriented with a positive culture mindset

SMBC’s hybrid work model offers flexibility, with specifics discussed during the interview. Employees must reside within a reasonable commute. Certain roles may require full in-office presence, especially FINRA-registered roles.

SMBC provides accommodations for applicants with disabilities during the hiring process. For assistance, contact [e-mail].