Vice President, Credit Stress Testing
Sumitomo Mitsui Banking Corporation – SMBC Group
full-time
Posted on:
Location Type: Hybrid
Location: New York City • New York • 🇺🇸 United States
Visit company websiteSalary
💰 $145,000 - $185,000 per year
Job Level
Lead
About the role
- Lead end-to-end stress testing analytics for wholesale credit portfolios, including risk identification, scenario design, loss forecasting, data preparation, model execution, and interpretation of results for senior management
- Partner with Enterprise Risk, Finance, Model Developers, Credit Officers, and Business Units to design and drive internal stress testing exercises
- Integrate credit stress testing results and forward-looking analyses into risk appetite framework to inform risk tolerance/limit decisions
- Serve as the model owner for the stress testing model, overseeing its development, implementation, and ongoing performance to ensure alignment with regulatory and internal standards
- Improve processes by developing and enhancing tools and infrastructure to automate workflows, improve data quality, and accelerate analytical turnaround time
- Support enterprise-wide initiatives related to climate risk integration, ESG-related credit exposure assessment
- Integrate regulatory expectations (e.g., SR 15-18, SR 12-7) into methodologies and documentation
Requirements
- Bachelor’s degree in Finance, Economics, Statistics, or a related field
- 5+ years of experience in a large financial institution, with 1+ years in a leadership role within credit risk or portfolio analytics
- Strong working knowledge of credit risk modeling approaches, including stress testing models, CCAR, CECL, and related loss estimation methodologies
- Experience serving as a model owner – collaborating closely with model development teams to prioritize model development and implementation for stress loss models and loss components
- Experience in integrating climate risk into stress testing is a plus
- Experience leading the credit risk identification process is a plus
Benefits
- Competitive portfolio of benefits offered to employees
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
stress testing analyticsrisk identificationscenario designloss forecastingdata preparationmodel executioncredit risk modelingCCARCECLloss estimation methodologies
Soft skills
leadershipcollaborationcommunicationprocess improvementanalytical skills