Credit Stress Testing
: Job Details :

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 $95,000.00and $150,000.00. 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

SMBC is seeking a Credit Modeling Associate with strong quantitative skills and knowledge of banking and bank products to develop a variety of credit, stress testing, and other related models within the Model Development Group.

As part of SMBC's 2LoD, the Credit Modeling Associate main responsibility entails working with data, business and other stakeholders, and other Model Development Group team members to develop, test, and deploy credit and stress testing models.

Role Responsibilities:

• Develop and implement credit stress testing and other statistical models
• Manage data feeds associated with group modeling activities
• Work with stakeholders to understand and refine model requirements
• Work with team members and model validation team to get models validated
• Monitor model performance for various model types and make recommendations
• Assist with quarterly stress testing production runs

Role Core Competencies/Skills:

• Strong training and some applied experience in statistical modeing including linear and non-linear modeling, classification trees/random forests, and other machine learning techniques
• Critical thinking and ability to manage and analyze large data sets
• Strong programming skills in Python, R, and SQL
• Good written and verbal communication skills
• Understanding of commercial banking and bank products

Qualifications and Skills

• Masters degree or higher in statistics, computer science, or economics
• 1-3 years of applied statistical modeling experience
• Superior attention to details, ability to quickly individuate and focus on the key risks factors of highly structured transactions and visually present complex concepts with graphs, tables and flow charts.
• Flexibility to work under tight deadlines and in a multitasking environment.

Additional 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.

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 ...@smbcgroup.com.