Credit Portfolio Risk Associate

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., 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 $84,000.00 and $131,000.00. 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 highly motivated and detail-oriented Associate to join the Credit Portfolio Risk team. The role will focus primarily on the Current Expected Credit Losses (CECL) process and related portfolio credit risk analytics, while also providing support for credit stress testing activities. The Associate will support recurring quarterly production, analysis, governance, documentation, and cross-functional coordination, helping ensure accurate and timely deliverables. The ideal candidate combines strong reporting skills, an understanding of credit risk and allowance methodologies, and the ability to manage detailed processes across multiple stakeholders.

Role Responsibilities

CECL Production

• Perform quarterly CECL production for applicable portfolios and legal entities, including data preparation, calculation, analysis, review materials, and process coordination.

• Perform portfolio-level analysis of expected credit losses, reserve drivers, change analysis, and comparison with actual losses.

• Coordinate timelines, inputs, review checkpoints, and deliverables across Credit Portfolio Risk, Controllers, legal entities, model teams, and other stakeholders.

• Prepare materials for CECL governance and review forums, including clear explanations of regulation requirements, methodology, results, key drivers, and limitations.

• Maintain procedures, controls, supporting workpapers, and audit-ready documentation; assist with responses to internal review, model validation, internal audit, regulators, and external auditors.

• Support enhancements to CECL methodologies, data, reporting, governance, and process efficiency.

Stress Testing Support

• Provide backup support for credit stress testing exercises, including data preparation, upfront adjustment, results aggregation, validation checks, deck preparation, and documentation.

• Support credit stress testing governance materials, procedures, management reporting, and coordination.

Maintain sufficient cross-training and process knowledge to provide reliable coverage during peak periods.

Qualifications and Skills

Education

• Bachelor's degree in Finance, Economics, Accounting, Statistics, Data Analytics, or a related field.

• A master's degree or relevant professional certification, such as CFA or FRM, is a plus.

Experience

• 2+ years of experience in a financial institution, preferably in CECL, or credit stress testing.

• Working knowledge of CECL or other allowance methodologies, including expected loss concepts, reserve drivers, qualitative adjustments, and governance expectations.

• Experience with credit portfolios, credit risk data, or loss estimation methodologies is preferred.

• Experience coordinating recurring processes and stakeholder meetings across multiple functions, including agenda preparation, meeting materials, follow-up, and action-item tracking.

• Experience with credit stress testing or related loss forecasting is a plus.

Skills

• Strong analytical and problem-solving skills, with attention to detail and the ability to identify and explain key drivers of results.

• Strong written and verbal communication skills, including the ability to facilitate stakeholder discussions, communicate clearly across functions, and present technical information to different audiences.

• Strong organizational skills and the ability to manage recurring deliverables, competing priorities, and tight deadlines.

• Strong Excel and PowerPoint skills; experience organizing, reconciling, analyzing, and presenting large or complex datasets.

• Proficiency in SQL, Python, R, SAS, Alteryx, Power BI, or similar data automation and visualization tools is a plus.

• Ability to work collaboratively and independently in a fast-paced, control-focused 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 [email protected].

EOE, including Disability/veterans