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 $90,000.00 and $135,000.00. 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 a highly motivated and detail-oriented Associate to join Credit Portfolio Risk team. This role will focus on credit risk management activities, including periodic credit stress testing processes Current Expected Credit Loss (CECL), and Comprehensive Capital Analysis and Review (CCAR), The ideal candidate will posses a strong analytical background, excellent communication skills, and a keen interest in credit risk and financial regulations.

Role Objectives: Delivery Support CECL implementation, maintenance, and enhancement across legal entities. Prepare and executing credit stress testing frameworks in alignment with CCAR requirements and assess portfolio vulnerabilities. Perform scenario analysis and assess the impact of adverse economic conditions on credit portfolios. Provide actionable recommendations to improve portfolio resilience. Collaborate with stakeholders to ensure compliance with regulatory requirements and accounting standards. Contribute to documentation and regulatory submissions, ensuring accuracy and transparency. Partner with cross-functional teams to research and effectively communicate analytics results and work closely with stakeholders to identify opportunities for new insights and enhancements in risk assessment, control, and reporting processes. Provide credit risk related project support, including but not limited to drafting documents, emails, and meeting minutes, calculating key risk metrics, and preparing reports, etc. Role Objectives: Interpersonal Ability to communicate appropriately at every level of the organization, including credit risk peers, legal entity partners and senior executives. Able to work well across functions, to solicit and capture multiple points of view, render information so that it is accurate and actionable, and promptly follow-up. Excellent writing and presentation development skills to draft materials related to credit process observations and process and control enhancement opportunities. Role Objectives: Expertise General understanding of finance related concepts as well as credit risk management concepts. Knowledge of U.S. and international regulatory requirements is a plus. Strong analytical skills; intellectually curious; problem-solving abilities and the ability to synthesize complex issues; strong attention to detail. Qualifications and Skills Education: Bachelor’s degree in finance, Economics, Statistics, or related field. A Master’s degree or relevant professional certifications (e.g., CFA, FRM) is a plus.

 

Experience: 2+ years of experience in credit risk management, financial modeling, or related areas within financial services. Strong knowledge of CECL, CCAR, and credit stress testing frameworks. Familiarity with regulatory guidance and industry best practices for credit risk and stress testing. Experience in global financial services is preferred. Experience working at a comparable Foreign Banking Organization (FBO) is a plus. Analytical Skills: Strong quantitative and analytical abilities to assess credit risk and portfolio performance. Experience/knowledge in credit stress testing, data analysis, and forecasting techniques. Technical Skills: Proficiency in data analysis tools such as SAS, Python, R, SQL, or Alteryx, and visualization tools such as PowerBI. Other Skills: Strong communication and interpersonal skills with the ability to convey complex concepts clearly. Knowledge of PD/LGD/EAD modeling and scenario development. Ability to work effectively in a fast-paced, collaborative environment. Additional Requirements

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.