VP, Enterprise Stress Testing & Scenario Design

SMBC Group; New York, Northern (NY, KY); Hybrid; USD 155,000 - 195,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

SMBC Group in New York invites a Vice President to lead enterprise-wide stress testing scenario design, governance, and CCAR execution. This role drives macroeconomic forecasting, scenario narratives, and policy ownership within the Enterprise Risk Management team.

The candidate will report to the Head of Stress Testing & Scenario Design and collaborate with risk, finance, and front office partners to strengthen capital adequacy assessment and risk governance.

Qualifications

• 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.

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.

Skills

Scenario design

Stress testing

Regulatory knowledge

Education

Bachelor’s degree in finance/economics

Master’s, MBA or PhD preferred

Job description

SMBC Group in New York invites a Vice President to lead enterprise-wide stress testing scenario design, governance, and CCAR execution. This role drives macroeconomic forecasting, scenario narratives, and policy ownership within the Enterprise Risk Management team.

The candidate will report to the Head of Stress Testing & Scenario Design and collaborate with risk, finance, and front office partners to strengthen capital adequacy assessment and risk governance.