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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 Rail Services LLC, Manufacturers Bank, 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 $164,000.00 and $231,000.00. 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

Measure gross and net exposures across differing types of instruments and counterparties. Model expected counterparty credit loss on the current, expected and future exposures. Establish threshold for counterparty risk across a number of elements, including client, industry, location, etc., depending on risk appetite. Monitor threshold and suggest remedial actions. Establish procedures for accepting counterparties and establishing transaction terms, limits and net exposure.

Role Objectives: Delivery

Measure gross and net exposures across differing types of instruments (swaps, options and other derivatives) and counterparties. Model expected counterparty credit loss on the current, expected and future exposures. Take into account standard elements of risk (market, liquidity and credit) including concentrations, company / industry / sovereign default probabilities, yield, convexity, duration, FX, etc. Establish threshold for counterparty risk across a number of elements including client, industry, location, etc., depending on risk appetite for potential replacement costs. Monitor threshold and suggest remedial actions. Update model for changes in transaction levels, market conditions and risk appetite. Suggest remedial actions including hedging positions. Calculate counterparty exposures and potential losses for regulatory reporting including capital adequacy. Establish procedures for accepting a counterparty and establishing transaction terms, limits and net exposure. Ensure individual counterparty transactions and net positions conform to exposure limits, collateral requirement and transaction terms.

Role Objectives: Interpersonal

Facilitate partnerships with market participants to better understand the depth / breadth and quality of existing and potential counterparties. Establish relationships with rating agencies to help improve modeling and understand emerging trends. To better understand the risks in their businesses, the instruments they handle, and their counterparty relationships, facilitate strong collaboration with client-facing units. Improve workflows and data gathering / sharing through partnerships with units such as finance, compliance, legal and IT. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends. Establish relationships with auditors and regulators to better understand their concerns, reduce potential compliance issues and improve modeling. Support long- and short-term planning, new product development, ALM and risk management meetings.

Role Objectives: Expertise

Display an advanced understanding of credit markets and risk policies to ensure that all counterparty arrangements are viable and properly collateralized from a credit risk management perspective. Demonstrate a working knowledge of counterparty credit risk and current practices in the market in particular. Stay abreast of trends in order to match market opening with the company's risk appetite in order to maximize risk / reward. Utilize a solid understanding of information technology and project management, in order to best partner with colleagues in the ongoing tracking of counterparty risks for new and existing clients / products and to create meaningful modeling and analysis. Apply advanced modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Demonstrate an understanding of applicable accounting rules, contract law (ISDA agreements) and regulatory guidance to establish limits, netting arrangements and collateral requirements. Communicate analytical data effectively.

Qualifications and Skills

Recommended years of experience: 10

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

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.