Associate, Credit Risk and Portfolio Oversight

Job title:

Associate, Credit Risk and Portfolio Oversight

Company

Sumitomo Mitsui Banking Corporation

Job description

Position OverviewWe are seeking for a highly motivated and detail-oriented individual to join our Risk Management team as an Associate. The successful candidate will closely work with the Director, Credit Risk and Portfolio Oversight, and other members of the Risk Management team on various deliverables related to credit risk portfolio analysis and monitoring, credit risk reporting, credit policies and procedures as well as undertake other ad-hoc projects and tasks as assigned / required by the organization.Key Responsibilities

• Conduct analysis of the credit risk portfolio, including the assessment of credit quality, concentration risk, and portfolio performance trends.
• Perform portfolio deep dives, support in stress testing, scenario, and sensitivity analyses. Assess resilience of the portfolio to various economic conditions.
• Assist in preparation of credit risk reporting, monitor credit and portfolio metrics, limits, and key risk indicators, participate in annual risk appetite refreshes.
• Support development and enhancement of risk management policies, procedures, and frameworks to ensure compliance with regulatory requirements and best practices.
• Respond to ad-hoc requests for risk-related reporting tasks, including the preparation of presentations and reports for senior management and regulatory authorities.
• Stay informed about industry trends, emerging risks, and regulatory developments to contribute to the continuous improvement of the risk management function.

Qualifications and Skills

• Bachelor’s degree in finance, economics, business administration, or a related field. Master’s degree or professional certification (e.g., FRM, CFA) is an asset.
• 2-3 years of experience in credit risk analysis, or a related field within the financial services industry.
• Strong analytical skills with the ability to interpret complex data and communicate findings effectively.
• Proficiency in data analysis tools (e.g., Excel, SQL, Python, Power BI, Tableau, Bloomberg) is an asset.
• Excellent written and verbal communication skills, with the ability to prepare professional, clear, and concise reports and executive presentations.
• Ability to work independently and collaboratively in a fast-paced environment, with a strong attention to detail and accuracy, the ability to manage tight timelines and multi-task.
• Knowledge of banking regulations and risk management practices, particularly in relation to the Canadian financial services industry is desirable.

About SMBCSMBC 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 Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.SMBC is an EO employer – M/F/Veteran/Disability

Expected salary

Location

Toronto, ON

Job date

Sat, 25 Jan 2025 01:55:30 GMT

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