Risk Management Coordination Team Lead - SMBC
New York, NY 10172
About the Job
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 $176,000.00 and $225,000.00. 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 individual’s primary job responsibilities are to coordinate risk management activities including committee management, relations with auditors and regulators and other area across CUSO related to group companies such as CM and SI.
The individual is expected to appropriately escalate risk-related matters in a timely manner to the Head of Market Risk Planning and the CRO of CM/SI.
Role Responsibilities:
Manage committee governance for entity level and AD level risk commitees
1. Collaborates on developing and enhancing market risk management and risk governance committee frameworks for CUSO.
2. Coordinates planning and producing of risk committees including owning agenda items, focal topics, and BAU items.
3. Liaises with stakeholders across stripes and other departments to produce committee material in a timely and efficient manner.
4. Curates material from stakeholders across stripes and other departments to develop clear, concise and impactful slides for efficient committee/meeting operations.
5. Manages and tracks action items from committees, holding owners accountable to agreed timelines.
Facilitation of Internal and External Oversight Requirements
1. Leads exam and monitoring and testing management from internal audit and control departments.
2. Leads exam and periodic review management from external regulators, such as FRB, NYDFS, NFA, CFTC, FINRA, etc.
3. Manage deliverables and actions items required oversight.
4. Manage remediations related to oversight findings.
Issues Management and Tracking
1. Manage comprehensive list of issues for market and liquidity risk across CUSO. Issues include regulatory issues, audit issues and management self-identified issues.
2. Engage with issue owners to track remediation activities.
3. Promptly escalate potential remediation delays
Knowledge
1. Familiarity with relevant risk concepts and related valuation concepts (e.g. VaR and stress-testing standards, counterparty exposure estimation, documentation and reporting approaches)
2. Understands the broader picture of how subsidiaries fit into SMBCAH /CUSO and the regulatory requirements facing various entities.
Communication and Leadership
1. Excellent communication skills, leadership and relationship-building skills to work with internal departments, affiliates, Head Office and regulatory bodies.
2. Expert ability to work collaboratively with internal risk management colleagues and risk management leaders across all subsidiaries and globally.
3. Strong reasoning ability; understands complex situations, people and systems needs against backdrop of managing a risk management environment.
4. Strong analytical skills; great attention to detail.
5. Strong project management skills; ability to work independently.
Qualifications and Skills
Preferred Previous Work Experience:
• Work Experience: 10+ years of experience in risk governance or closely risk-related role.
• Language Skills: Business fluency in English (Japanese is preferred)
• Software Systems / Programming Languages: Working knowledge of VBA, and Microsoft Office Suite
Preferred Education/Licenses/Certifications/Registrations:
• Education: Required – BA / BS
Other Skills, Abilities and/or Training:
• Ability to manage multiple responsibilities at once by focusing on one task while keeping track of others.
• Ability to understand, communicate with, and effectively interact with people across cultures, especially with Expats coming from Japan.
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
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.
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 accommodations@smbcgroup.com.
