Sumitomo Mitsui Banking Corporation
Counterparty Credit Risk Associate
Sumitomo Mitsui Banking Corporation, New York, New York, us, 10261
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 $80,000.00and $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
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. Compare counterparty position to thresholds for client, industry, location, etc., and highlight exceptions. Update counterparty credit models for changes in transaction levels, market conditions and risk appetite. Calculate counterparty exposures and potential losses for regulatory reporting including capital adequacy. Perform testing / due diligence to ensure individual counterparty transactions and net positions conform to exposure limits, collateral requirement and transaction terms.Role Objectives: Interpersonal
Develop relationships with client-facing units to better understand the risks in their businesses, the instruments they handle and their counterparty relationships. Develop relationships with other units such as finance, compliance, legal and IT to improve workflows and data gathering / sharing. Begin to network within industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.Role Objectives: Expertise
Demonstrate a basic knowledge of credit markets and counterparty arrangements to help ensure that all counterparty arrangements are viable and properly collateralized from a credit risk management perspective. Demonstrate a fundamental understanding of counterparty credit risk and current practices in the market in particular. Have a general 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 modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Communicate analytical data effectively.Qualifications and Skills
Recommended years of experience: 3Additional 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.
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. Compare counterparty position to thresholds for client, industry, location, etc., and highlight exceptions. Update counterparty credit models for changes in transaction levels, market conditions and risk appetite. Calculate counterparty exposures and potential losses for regulatory reporting including capital adequacy. Perform testing / due diligence to ensure individual counterparty transactions and net positions conform to exposure limits, collateral requirement and transaction terms.Role Objectives: Interpersonal
Develop relationships with client-facing units to better understand the risks in their businesses, the instruments they handle and their counterparty relationships. Develop relationships with other units such as finance, compliance, legal and IT to improve workflows and data gathering / sharing. Begin to network within industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.Role Objectives: Expertise
Demonstrate a basic knowledge of credit markets and counterparty arrangements to help ensure that all counterparty arrangements are viable and properly collateralized from a credit risk management perspective. Demonstrate a fundamental understanding of counterparty credit risk and current practices in the market in particular. Have a general 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 modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Communicate analytical data effectively.Qualifications and Skills
Recommended years of experience: 3Additional 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.