Director, Counterparty Credit Risk, Stress Testing
Sumitomo Mitsui Banking Corporation – SMBC Group
full-time
Posted on:
Location Type: Hybrid
Location: New York City • New York • United States
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Salary
💰 $178,000 - $231,000 per year
Job Level
About the role
- Lead the execution, governance, and control framework for CCR stress testing models supporting internal stress testing exercises and CCAR.
- Review, challenge, and validate stressed exposure outputs to ensure results are intuitive, explainable, and aligned with stress scenarios and underlying risk drivers.
- Analyze and explain material movements in stressed exposures, including scenario impacts, portfolio changes, and model behavior, and provide clear narratives to CCR team and senior management.
- Partner with Technology teams to drive model implementation, productionization, automation, and performance optimization of stress testing platforms.
- Coordinate with Risk Analytics and Model Risk Management to address model validations, findings, limitations, and remediation plans related to stress testing models.
- Ensure adherence to regulatory requirements, supervisory guidance, and internal policies governing firmwide stress testing and CCAR.
- Drive enhancements to stress testing methodologies, data quality, controls, and documentation to strengthen model credibility and regulatory defensibility.
- Support regulatory exams, internal audits, and management reviews related to counterparty credit risk stress testing.
Requirements
- 10+ years of experience in Counterparty Credit Risk, Stress Testing, Risk Analytics, or related disciplines within a large financial institution.
- Bachelor’s degree in Finance, Economics, or a related discipline
- A master’s degree or relevant certification (e.g., CFA, FRM) is a plus.
- Strong expertise in stress testing frameworks and CCAR, including regulatory expectations, governance, and documentation standards.
- Deep understanding of counterparty credit risk exposure modeling (e.g., PFE, EAD), netting, collateral, and stress scenario design and application.
- Proven experience managing large-scale model execution processes and assessing the reasonableness of stressed exposure results.
- Hands-on experience partnering with Technology teams on model implementation, system architecture, and data integration.
- Strong communication skills with the ability to articulate complex risk concepts clearly to senior management and regulators.
Benefits
- Competitive portfolio of benefits
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
stress testingCCARrisk analyticscounterparty credit riskexposure modelingPFEEADdata integrationmodel executionscenario design
Soft skills
communicationleadershipanalytical thinkingcollaborationproblem-solving
Certifications
CFAFRM