Vice President, Quantitative Modeling

Compensation

$138,278.00 - $190,000.00 / Yearly

Hours Per Week

40

Number Of Positions

1

Shift

First Shift (Day)

Job Description

Employer: Sumitomo Mitsui Banking Corporation

Job Title: Vice President, Quantitative Modeling (ref.# 8323)

Job Location: 200 Hudson St, Jersey City, NJ 07311

Duties: Support the end-to-end development, calibration, and documentation of credit risk models (PD, LGD, EAD, loss forecasting) for stress testing and capital planning. Develop stress testing models to assess the impact of internal and regulatory stress scenarios, including those used in the Comprehensive Capital Analysis and Review (CCAR), and design scenario based modeling frameworks consistent with applicable regulatory guidance. Participate in the development and calibration of credit risk grading/rating models used in internal ratings based (IRB) frameworks to support regulatory capital calculation, pricing, underwriting decisions, portfolio management, and stress testing activities. Develop and maintain operational risk capital and CCAR models, to quantify operational risk exposure under baseline and stress scenarios. Innovate modeling approaches using advanced statistical techniques (machine learning, natural language processing) to improve predictive power and scalability. Partner with the Model Risk and Validation (MRV) and model owners to address validation findings and ensure compliance with governance standards. Perform ongoing model performance monitoring, including back-testing, benchmarking, and sensitivity analysis. Document model assumptions, limitations, and remediation plans for audit and regulatory reviews. Implement robust controls to ensure model accuracy and stability across economic cycles. Support responses to regulatory examinations and audits, including interactions with regulatory agencies such as the Federal Reserve and the Office of the Comptroller of the Currency (OCC), to ensure models comply with SR 11 7, Basel III, and CCAR requirements. Collaborate with Finance, Risk, and IT teams to operationalize models into production systems and reporting workflows. Mentor junior quantitative analysts, provide technical guidance and foster professional development. Promote knowledge-sharing on emerging trends (e.g., AI/ML applications, climate risk integration).

Hybrid remote work permitted.

Requirements: Master’s degree in statistics, operations research, or related quantitative field and 7 years of experience. Required skills: Python, SAS, R, or other programming language used for quantitative analytics and modeling; CCAR, CECL; vendor data experience such as Moody’s CRD/DRD, S&P data, Trepp data, Costar data; wholesale credit model development knowledge and experience, including Commercial Real Estate and/or Commercial & Industrial; statistical or econometrics modeling experiences; data analysis.

The required skill set does not need to be maintained over the full term of the required experience.

Salary range: $138,278 to $190,000/year

Benefits: https://careers.sumitomocorp.com/content/why-sc-americas/

To apply enter 8323 here: https://careers.smbcgroup.com/smbc/

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Place of Work

Hybrid

Requisition ID

8323

Job Type

Full Time