Counterparty Credit Risk - Governance & Strategy Manager - SMBC Group : Job Details

Counterparty Credit Risk - Governance & Strategy Manager

Join to apply for the Counterparty Credit Risk - Governance & Strategy Manager role at SMBC Group

Counterparty Credit Risk - Governance & Strategy Manager

4 days ago Be among the first 25 applicants

Join to apply for the Counterparty Credit Risk - Governance & Strategy Manager role at SMBC Group

Get AI-powered advice on this job and more exclusive features.

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 $135,000.00 and $181,000.00. 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 DescriptionSMBC Capital Markets, Inc. (CM) is a derivatives trading company since 1988 based in New York City, with offices in London and Hong Kong. SMBC CM is an established derivatives dealer with a broad product portfolio, with specific emphasis on interest rates and foreign exchange products such as interest & FX swaps, FRAs, options, exotic products, commodity derivatives as well as exchange traded products such as treasury bonds, interest rate futures & options, currency futures, treasury futures & options, etc.Based on the growth in the CM business, CM is looking to expand Counterparty Credit Risk team by adding a VP to the team to lead strategy and to enhance current CCR framework. CCR team has a strong mandate to overhaul CCR function and build a comprehensive CCR framework in compliance with SR 11-10 and BCBS CCR guidelines. The role will focus on expanding our capabilities in managing counterparty credit risk, while engaging with multiple stakeholders on strategic initiatives and audit-related matters. The ideal candidate will have a holistic understanding of counterparty credit risk and will represent the team in various forums.The risk management department is responsible for market, model, liquidity, credit, foreign exchange, operational and legal risks associated with SMBC-CM Inc's business and manages those risks directly or through each related departments and groups. The department is organized into four functional groups - Credit Risk Group, Market Risk and Analytics Group, Model Risk Group, and the Operational & Regulatory Risk Group. The Credit Risk Group maintains sound credit management activities liaising where necessary with other departments to review and assess credit risk, monitor credit exposure and provide guidance on credit limits in accordance with policies and procedures. Within Credit Risk Group, counterparty credit risk team performs risk exposure analysis/analytics and risk monitoring.Role Objectives

• Lead initiatives to align the firm's CCR framework with industry best practices and regulatory requirements. Serve as a subject matter expert on SR11-10 and BCBS guidance regarding CCR.
• Play a key role in development of policies and procedures relevant to CCR and socialize/train relevant stakeholders to ensure credit standards/policies are fully understood.
• Prepare and coordinate materials for management committees, regulatory examinations and external/internal audits.
• Represent CCR team in CCAR activities - ensure IHC CCAR compliance by conducting comprehensive gap analysis against SR 15-18, assist in designing and validating stress loss scenarios, and reviewing stress testing outcomes and regulatory submissions to ensure alignment with supervisory expectations.
• Drive discussions with Analytics, Model Validation, IT, Front Office, Operations, Risk, Legal, Compliance, and other key stakeholders to identify, prioritize, and resolve counterparty credit risk (CCR) issues, ensuring alignment on risk appetite and enhancing the overall CCR framework.
• Assist in managing the day-to-day counterparty limit monitoring process by tracking risk metrics against approved limits, addressing limit breaches, and following up on remediation efforts with front-line teams, and other stakeholders across derivatives and cash trading desks.
• Effectively communicate with team members, senior risk management, and audit on strategies related to open issues, testing results, corrective measures, and closure of audit/regulatory issues.
• Represent the CCR team in firmwide initiatives, including new product evaluations, and drafting technical requirements for system enhancements.
• Assist or lead special projects related to departmental strategic initiatives or any other tasks.

Qualifications And Skills

• 7+ years of experience in risk management or a risk-taking role, preferably with a focus on capital markets and derivatives.
• Strong analytical, quantitative, and communication skills (written and verbal).
• Good knowledge and understanding of Capital Markets, derivatives products, risk metrics (EPE, MPE, XVA), and CSA/ISDA documents.
• Comprehensive knowledge and understanding of CCAR, stress testing and regulatory reporting.
• Experience with drafting risk management policies and procedures.
• Strong technical skills, including proficiency in Power BI, Excel, Python, etc.
• Ability to collaborate effectively with stakeholders, building positive relationships to drive team and organizational mandates.
• Strong organizational skills and ability to manage multiple assignments concurrently, with flexibility to meet deadlines.
• A Master's or Bachelor's degree in finance, mathematics, engineering, or statistics.
• Progress towards CFA and/or FRM certification preferred

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.SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected].

Seniority level

• Seniority levelNot Applicable

Employment type

• Employment typeFull-time

Job function

• Job functionBusiness Development and Sales
• IndustriesBanking, Financial Services, and IT Services and IT Consulting

Referrals increase your chances of interviewing at SMBC Group by 2x

Get notified about new Strategy Manager jobs in New York, NY.

Global Strategy and Operations Manager, YouTube Business

New York, NY $147,000.00-$216,000.00 1 week ago

Strategy and Operations Program Manager, YouTube BusinessSr. Manager, Corporate Strategy & Business Operations

New York City Metropolitan Area 1 week ago

Strategy & Operations Manager, Communications & Public Affairs

New York, NY $116,000.00-$170,000.00 2 weeks ago

New York, NY $102,000.00-$160,000.00 2 weeks ago

New York, NY $130,000.00-$140,000.00 2 days ago

Head of Strategy and Operations, Search, Gemini Partnerships

New York, NY $227,000.00-$320,000.00 3 days ago

New York, NY $103,460.00-$192,140.00 1 week ago

Senior Manager, Monetization Ops & Strategy

New York, NY $123,000.00-$192,000.00 1 day ago

New York, NY $200,000.00-$240,000.00 14 hours ago

New York, NY $95,000.00-$120,000.00 2 weeks ago

New York, NY $120,000.00-$150,000.00 4 days ago

Sr. Manager, Strategy & Business Development

New York, NY $120,000.00-$150,000.00 3 days ago

New York City Metropolitan Area $150,000.00-$175,000.00 4 days ago

Manager, Corporate Strategy & Business Operations - Calvin KleinSenior Manager, Strategy & Business DevelopmentSenior Consultant - Strategy and Operations

New York, NY $160,000.00-$210,000.00 2 weeks ago

Sr. Manager, Strategy & Business Development

New York, NY $120,000.00-$150,000.00 3 days ago

Business Operations Analyst, Commercial Strategy

New York, NY $100,000.00-$100,000.00 4 days ago

New York, NY $118,000.00-$177,000.00 3 weeks ago

GTM Strategy & Operations Manager -- NYC, NY

New York, NY $120,000.00-$150,000.00 2 weeks ago

New York, NY $225,000.00-$275,000.00 2 weeks ago

New York, NY $78,000.00-$96,000.00 3 days ago

New York, NY $175,000.00-$180,000.00 1 week ago

New York, NY $190,000.00-$230,000.00 3 days ago

Senior Director, Strategy and Operations

New York, NY $162,600.00-$284,600.00 2 days ago

Manhattan, NY $75,500.00-$117,400.00 2 days ago

We're unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

#J-18808-Ljbffr