Vice President, Counterparty Credit Risk - Strategic Initiatives

SMBC Group is a top-tier global financial group headquartered in Tokyo 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.

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 corporate, institutional, and municipal clients.

The anticipated salary range for this role is $138,000.00–$185,000.00, based on individual qualifications and market analysis. The role may also be eligible for an annual discretionary incentive award.

Role Description

The role will focus on expanding and integrating the firm’s counterparty credit risk (CCR) framework across policies, systems, and governance processes, while leading strategic initiatives, regulatory engagement, and audit‑related matters. The ideal candidate will have a holistic understanding of counterparty credit risk and will represent the team in various forums.

Role Responsibilities

• Lead strategic initiatives to enhance and align the firm’s CCR framework across regions, ensuring consistency in limit setting, collateral standards, escalation processes, and governance in line with regulatory expectations (SR11‑10, BCBS guidance).
• Own end‑to‑end enablement of new product and business initiatives, driving timely execution through the design and implementation of robust CCR control frameworks, governance processes, and system enhancements, including development of detailed technical requirements and cross‑functional alignment.
• Lead the development and enhancement of CCR policies, standards, and procedures, and drive stakeholder socialization, training, and consistent interpretation.
• Serve as a central coordinator across CCR initiatives, ensuring alignment between policy, systems, governance, and risk appetite, while driving cross‑functional resolution of CCR issues across Analytics, Model Validation, IT, Front Office, Operations, Risk, Legal, and Compliance.
• Prepare and coordinate materials for senior management, regulatory examinations, and audits, ensuring consistent and clear CCR narratives across all outputs and effectively communicating progress on issues and remediation efforts.
• Represent the CCR team in CCAR and broader stress testing governance activities, ensuring alignment with supervisory expectations.
• Assist in managing the day‑to‑day counterparty limit monitoring process by tracking risk metrics against approved limits, addressing limit breaches, and following up on remediation efforts with front‑line teams and other stakeholders across derivatives and cash trading desks.
• Identify and drive opportunities to incorporate data analytics and AI‑driven solutions into CCR processes.

Qualifications and Skills

• 7+ years of experience in risk management or a risk‑taking role, preferably focused on capital markets and derivatives.
• Strong analytical, quantitative, and communication skills (written and verbal).
• Good knowledge and understanding of Capital Markets, derivatives products, risk metrics (EPE, PFE, XVA), and CSA/ISDA documents.
• Advanced proficiency in developing executive‑level presentations (PowerPoint), translating complex CCR analytics, risk metrics, and regulatory concepts into clear, structured, and visually effective materials for senior management and regulators.
• Experience with drafting risk management policies and procedures.
• Strong technical skills, including proficiency in Power BI, Excel, Word, etc.
• Familiarity with data analytics and AI‑enabled tools to enhance risk monitoring, reporting, and process efficiency.
• Ability to collaborate effectively with stakeholders, building positive relationships to drive team and organizational mandates.
• Strong organizational skills and ability to manage multiple assignments concurrently, with flexibility to meet deadlines.
• A Master’s or Bachelor’s degree in finance, mathematics, engineering, or statistics preferred.
• Progress towards CFA and/or FRM certification preferred.

Work Arrangement

SMBC’s employees participate in a Hybrid workforce model that allows work from home as well as from an SMBC office. Employees must live within a reasonable commuting distance of their office location. Specific hybrid work schedules will be discussed during the interview process.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities, consistent with applicable federal, state, and local law. If accommodations are needed, please contact

EOE, including Disability/veterans