Urgent! Quantitative Risk Modeling Job Opening In Jersey City – Now Hiring SMBC
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 $95,000.00 and $150,000.00.
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 Associate of Quantitative Risk Modeling is a key role within our corporate bank focused on supporting the enhancement of the Comprehensive Capital Analysis and Review (CCAR) framework and managing global market shock scenarios.
This role requires a motivated individual who can assist in the development, implementation, and management of stress testing processes, ensuring robust risk management and regulatory compliance.
**Role Objectives**
+ Scenario Development: Apply and leverage econometric forecasting models to assist the creation and refinement of CCAR and global market shock scenarios, incorporating economic, financial, and market conditions
+ Stress Testing: Support the execution of stress tests to assess the resilience of the bank's portfolio under various adverse conditions
+ Risk Assessment: Help analyze and interpret stress test results to identify potential risks and vulnerabilities within the bank’s portfolio
+ Regulatory Compliance: Ensure all stress testing activities are in line with regulatory requirements and guidelines
+ Stakeholder Engagement: Collaborate with key stakeholders, including senior management, risk teams, and regulators, to communicate stress test findings and implications
+ Reporting and Documentation: Assist in developing comprehensive reports and documentation to support stress test results and regulatory submissions
+ Continuous Improvement: Contribute to ongoing enhancements to the stress testing framework and methodologies to adapt to changing market conditions and regulatory landscapes
**Qualifications and Skills**
+ Education: Bachelor or Master’s degree in Economics, quantitative finance, or other related fields with 3-5 years of relevant experience in risk management, stress testing, or related areas within the financial industry **OR** PhD grads in Statistics, Economics, or Finance.
+ Skills: Strong analytical and quantitative skills, proficiency in risk modeling and scenario analysis, excellent communication and teamwork capabilities
+ Knowledge: Basic understanding of CCAR regulations, global market dynamics, and financial risk management principles
+ Certifications: Relevant certifications such as CFA, FRM, or PRM are desirable
#LI-RCH
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.
EOE, including Disability/veterans
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Unlock Your Quantitative Risk Potential: Insight & Career Growth Guide
Real-time Quantitative Risk Jobs Trends in Jersey City, United States (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for Quantitative Risk in Jersey City, United States using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 13043 jobs in United States and 487 jobs in Jersey City. This comprehensive analysis highlights market share and opportunities for professionals in Quantitative Risk roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! SMBC is currently hiring and seeking a Quantitative Risk Modeling to join their team. Feel free to download the job details.
Wait no longer! Are you also interested in exploring similar jobs? Search now: Quantitative Risk Modeling Jobs Jersey City.
An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at SMBC adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Quantitative Risk Modeling Jobs United States varies, but the pay scale is rated "Standard" in Jersey City. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Quantitative Risk Modeling typically include Other General and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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Here are some tips to help you prepare for and ace your job interview:
Before the Interview:To prepare for your Quantitative Risk Modeling interview at SMBC, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the SMBC's products or services and be prepared to discuss how you can contribute to their success.
By following these tips, you can increase your chances of making a positive impression and landing the job!
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