VP – Enterprise Stress Testing & Scenario Design Lead

Madison-Davis, LLC; New York (NY); Hybrid; USD 155,000 - 195,000; Full time

Benefits offered by this job

Discretionary bonus

Job summary

Madison-Davis, LLC in New York, NY seeks a Vice President to lead enterprise stress testing and scenario design activities across the Americas. You will own macro forecasts, author scenarios, and coordinate with senior stakeholders to align with US regulatory expectations and internal taxonomies.

The role requires deep macroeconomic expertise, CCAR execution experience, and the gravitas to lead discussions with regulators and senior management.

Qualifications

• 10+ years of stress testing and scenario design experience at a large financial institution.

Responsibilities

• Develop macroeconomic forecasts for CCAR and capital stress testing.
• Coordinate with risk stripes to ensure consistent macro forecasts and shocks across portfolios.
• Develop scenario narratives outlining drivers, assumptions, and risk impacts.

Job description

Office Status: Hybrid – New York, NY

Base Salary: $155k – $195k + Discretionary Bonus

Overview:

This Vice President opportunity sits within the Enterprise Risk Management function of a well-established global financial institution, offering enterprise-wide leadership of scenario design for the Americas Division including the development, governance, and execution of enterprise stress tests and CCAR. The role carries genuine program ownership — developing macroeconomic forecasts, authoring scenario narratives, managing the scenario design working group with senior stakeholders across Risk, Finance, and Front Office, and ensuring scenario methodologies align with US regulatory expectations, the firm’s risk taxonomy, and SMBC Group standards. It’s the right seat for a seasoned stress testing and scenario design professional with 10+ years of experience at a large financial institution who combines deep macroeconomic expertise with demonstrated CCAR execution experience, strong regulatory fluency, and the gravitas to lead strategic discussions with senior internal stakeholders and regulators.

Key Responsibilities:

• Develop macroeconomic forecasts for enterprise stress scenarios covering CCAR and capital stress testing, risk appetite frameworks, and ad-hoc and rapid stress testing exercises
• Coordinate with risk stripes to drive consistency across macroeconomic forecasts and idiosyncratic market shocks for trading portfolios
• Develop scenario narratives that clearly articulate economic drivers, key assumptions, and risk impacts across banking and trading portfolios
• Own the scenario design policy and manage the scenario design working group comprising 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 build a centralized scenario capability housing all internal scenarios for downstream use across capital planning, risk appetite, and stress testing functions
• Ensure scenario design processes support effective capital adequacy assessment and strategic decision-making in alignment with US regulatory expectations including CCAR and capital planning guidance under SR 12-7 and SR 15-19
• Communicate scenario results and methodologies to senior management and regulators with clarity and authority