Vice President - Enterprise Scenario Design Lead

Vice President - Enterprise Scenario Design LeadJob Level: Vice President Job Function: Governance & Assurance Location: New York, NY, US Employment Type: Full Time The anticipated salary range for this role is between $155,000.00 and $195,000.00. 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 Enterprise Risk Management team is seeking a Vice President to provide enterprise-wide leadership for scenario design for the SMBC Americas Division, including the development, governance, and execution of enterprise stress tests including CCAR. The role ensures that scenario methodologies, assumptions, and governance processes support effective capital adequacy assessment, risk appetite and strategic decision-making, in alignment with U.S. regulatory expectations and SMBC Group standards. The role will report to the Head of Stress Testing & Scenario Design.Role Responsibilities:Develop macroeconomic forecast for enterprise stress scenarios covering CCAR/capital stress testing, risk appetite and adhoc/rapid stress testingCoordinate with risk stripes to drive consistency across macroeconomic forecast and idiosyncratic market shocks for trading portfoliosDevelop scenario narratives that clearly articulate economic drivers, key assumptions, and risk impacts.Own the scenario design policy and manage the scenario design working group which has senior stakeholders from risk, finance and front officeMaintain an inventory of approved enterprise scenarios and associated use casesEnsure linkage between enterprise scenarios and the firm's risk taxonomy, material risks, vulnerabilities, concentrations, and emerging risk inventory.Partner with risk technology to create a scenario capability that houses all internal scenarios for downstream useQualifications and Skills:Bachelor's degree in finance/economics or related discipline; Master's, MBA or PhD degree preferred in similar disciplines10+ years of experience in scenario design, stress testing, capital planning, risk management, economics, or quantitative analytics within a large financial institutionDeep expertise in macroeconomic trends and emerging risks impacting banking and trading portfolios; familiarity with both banking and trading products is highly desiredDemonstrated experience designing macroeconomic scenarios and forecast supporting CCAR and/or enterprise stress testing in large and complex banking organization, ideally in a category 3 bank or GSIBStrong understanding of U.S. regulatory expectations, including CCAR and capital planning guidance (SR 12-7/ 15-19), and related supervisory stress testing standards.Self-starter and ability to forge strong relationships with business partners including risk stripes, finance and front officeGravitas to lead challenging and strategic discussions with business partnersExceptional ability to communicate scenario results to senior management and regulatorsSMBC'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 View email address on click.appcast.io.