Director, Counterparty Credit Risk Stress Testing

Director, Counter party Credit Risk Stress Testing

Salary: $178,000 – $231,000

Location:

New York, NY

Seniority level:
Not Applicable

Employment type:

Full‑time

Job function:
Finance and Sales

SMBC Group is a top‑tier global financial group headquartered in Tokyo with a 400‑year history, offering a diverse range of financial services across banking, leasing, securities, credit cards, and consumer finance. With over 130 offices and 80,000 employees worldwide, SMBC Group is one of the three largest banking groups in Japan.

The Director of Counter party Credit Risk (CCR) Stress Testing is responsible for leading the end‑to‑end execution and oversight of CCR stress testing across internal stress testing initiatives and CCAR, ensuring the accuracy, integrity, and interpretability of stressed exposure results to provide credible risk insights to senior management and regulators.

• 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 counter party credit risk stress testing.

• 10+ years of experience in Counter party Credit Risk, Stress Testing, Risk Analytics, or related disciplines within a large financial institution.
• Bachelor’s degree in Finance, Economics, or a related discipline.
• 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 counter party 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.

SMBC’s employees participate in a hybrid workforce model, providing the option to work from home and from an SMBC office. SMBC requires employees to live within a reasonable commuting distance of their office. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable law. For assistance, contact