Vice President, Treasury Modeling and Capital Management

Job Level: Vice President

Job Function: Corporate Strategy

Location:

Jersey City, NJ, US, 07311

Employment Type: Full Time

Requisition ID: 6834

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 $146,000.00 and $180,000.00. 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

The Modeling team in Capital Management Function is seeking a Quant analytics VP to work on various potential projects related to Stress testing and Balance sheet management. Projects and the associated management of those projects will span around numerous areas including

(i) Build Interest rate risk models (Deposit attrition, Deposit pricing, loan and MBS Prepayment) for Asset and Liability management (ALM)

(ii) Collaborate with Cross-functional teams, including Asset and Liability Management (ALM), Risk and front-line Business

(iii) Collaborating with internal stakeholders to manage quantitative modeling items on QRM platform for asset and liability management (ALM) platform

(iv) Work as an independent contributor to provide analytical solutions that will help senior management to prioritize, initiate and execute strategic decisions

(v) Develop PPNR (Pre-Provision Net Revenue) models and analytics

(vi) Security (AFS/HTM) evaluation

Responsibilities

Integrate asset liability management (“ALM”) forecasting and balance sheet, capital management and forecasting methodologies within the AD CFO/CUSO Treasury organization;
Conduct Statistical analysis, and build Econometrics models to forecast PPNR and risk elements in Balance sheet line items
Conduct back-testing, sensitivity analysis and attribution analyses along with other modeling and analytical tests to provide robust quantitative solutions
Communicate key analytical findings, conclusions, and recommendations to senior leadership
Maintain project management reporting for balance sheet and capital management initiatives including primary objectives, timelines, status, dependencies, and issues

Qualifications and Skills

5+ years of working experience in financial industry in Finance, Treasury, or Risk departments – prior experience in CCAR/DFAST or Treasury modeling is preferred
3+ years of experience in performing quantitative financial modeling and/or credit risk analysis
Bachelor’s degree in Finance, Economics, Mathematics, Physics, Computer science or related field, Master’s degree preferred
PhD/MS/MBA/FRM or other professional qualification highly preferred
Coding experience in Python, or R, or SAS
Proficiency with Word, Excel, PowerPoint, Tableau
Experience of working with QRM software is strongly preferred
Manage multiple initiatives simultaneously and plan/prioritize appropriately
Lead and drive initiatives through creative thinking and pragmatism
Strong writing skills, previous experience in drafting corporate policies

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. 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.