Software Engineer - XVA Team

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 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.

The anticipated salary range for this role is between $85,000.00and $170,000.00. 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

Work as part of the XVA development team to build and maintain the XVA simulation applications, tools, and functions for the XVA desk, trading desk, research department, as well as middle or back office teams across New York, London and Hong Kong offices.

Compile business requirements and translate them into technical specifications for development. Document application functions and update code repository.

Support QA testing and implement fixes for exceptions.

Role Objectives

• Take responsibilities of supporting both the in-house and external software solutions for the daily XVA analysis. Troubleshoot any issue with the production environment to ensure the solutions meet the SLAs.
• Be responsible of design and implementing new products or functionalities in both in-house and external software solutions to support the XVA desk and other front, middle office's specifications and requirements.
• Work collaboratively with business to assist and provide answers to Credit Risk analysis related enquiries.
• Keep improving software performance, business processes and operational efficiency.
• Work with business teams, product managers, and other stakeholders to understand business requirements, needs, or process gaps.
• Participate in periodic development meetings to align development priorities and objectives, assign tasks, and share knowledge and experiences with teammates.

Qualifications and Skills

Be well-versed in software implementation. Proficient programming language eg C / C++, Python; ability to automate processes via scripting language(s).

And have an active interest in other computing technology and tools.

Practical work experience involving system architecture and software application and message and data transfer and processing.

Be able to provide implementation on new products as well as troubleshooting on existing model.

• Have a solid background and work experience with mathematical finance and strong analytical and quantitative skills, especially in the financial products, XVA, and credit risks business logic.
• Exhibit functional understanding of application development planning processes such as Agile, Scrum, and DevOps and change management and testing procedures.
• Strong solid analytical skills for diagnosing and troubleshooting potential system issues; Sharp mind to process solution with quick turn-around.
• Degree in Computer Science, Mathematics, Engineering or comparable discipline is desirable.
• Show understanding of technical, infrastructure, data, and security requirements of developed solutions and ability to translate into adequate technical specifications and guidelines.

Additional Requirements

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at [email protected].