Vice President, Macroeconomic Model Development and Scenario Expansion

Job Level: Vice President

Job Function: Reporting & Analytics

Location:

Jersey City, NJ, US, 07311

Employment Type: Full Time

Requisition ID: 6860

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 $155,000.00 and $195,000.00. 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 Vice President to lead development and expansion of macroeconomic models and scenario generation frameworks used for CCAR/DFAST stress testing and Credit Loss provisioning (CECL/IFRS9). The role will design, implement, and operationalize macroeconomic drivers, scenario mapping, and forecasting models that feed loss forecasting and capital planning processes, while ensuring regulatory compliance and strong model governance.

Role Objectives

Integration of Moody’s Scenario Studio Lead and coordinate the integration of Moody’s Scenario Studio into the firm’s scenario design and expansion framework, ensuring seamless data flows, scenario translation, and alignment with existing data pipelines.
Macroeconomic model development Design, estimate, and validate macroeconomic forecasting models (national and regional) and scenario generation engines to support stress testing and credit loss provisioning workflows.
Scenario generation and mapping Build and maintain scenario translation frameworks that map macroeconomic paths to portfolio risk factors and loss drivers; implement stochastic and deterministic scenario approaches and expand scenario coverage.
CCAR and CECL integration Lead end‑to‑end integration of macro models into CCAR stress testing and Credit Loss provisioning pipelines, including scenario expansion, economic shock design and scenario publication.
Regulatory engagement and submissions Prepare model documentation and technical writeups for regulatory review; respond to examiner feedback and implement required enhancements for CCAR/CECL/IFRS9 model suites.
Model governance and validation support Establish robust validation, back‑testing, and monitoring processes for macro models; collaborate with model risk and validation teams to ensure audit‑ready documentation and controls.
Automation and scalability Drive automation of data ingestion, model runs, scenario generation, and reporting; promote reproducible workflows, version control, and CI/CD for model deployment.
Cross‑functional collaboration and communication Partner with credit risk, finance, capital planning, and IT to operationalize outputs; present technical results and strategic recommendations to senior management and risk committees.

Qualifications and Skills

Education

Master’s or PhD in Economics, Econometrics, Statistics, Quantitative Finance, Mathematics, or a related field.

Experience

5+ years developing macroeconomic, forecasting, or stress‑testing models in a banking or regulatory environment.
Demonstrated experience supporting CCAR/DFAST and CECL/IFRS9 processes preferred.

Technical skills

Advanced proficiency in Python and statistical libraries; strong SQL skills; experience with Databricks or similar data platforms.Expertise in time series econometrics, panel models, VARs, state‑space models, scenario simulation, and machine learning where appropriate.

Certifications (preferred)

FRM, CFA, or equivalent quantitative certifications.

Soft skills

Clear communicator able to translate complex technical concepts for senior stakeholders.Strong project management skills and ability to prioritize in a regulatory, deadline‑driven environment.

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.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.