Director, Finance Regulatory Reporting - SMBC
Jersey City, NJ
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 $191,000.00 and $230,000.00. 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
Treasury COO at SMBC, Inc has an opening for a Director within the Production and Analytics Team. The Director will be responsible for the daily management of the Internal Liquidity Stress Test of SMBC Consolidated U.S. Operations and the Bank Holding Company.
Role Objectives
+ The individual’s primary job responsibilities are to manage internal liquidity stress testing and related reporting across Consolidated U.S. Operations group companies.
+ Collaborates on developing and enhancing Internal liquidity stress reporting and governance frameworks for the Consolidated U.S. Operations
+ Facilitates communication with the Liquidity Management Teams (Position Management & Methodology) to establish a consistent internal liquidity stress reporting governance framework.
+ Assists the Head of Production and Analysis in performing annual, quarterly, monthly & daily reporting tasks
+ Collaborate with Information Technology and Treasury Business functions to effectively execute oversight and monitoring of Internal Liquidity Stress Reporting
+ Develop holistic attribution analysis that explains stress drivers across suite of metrics
+ Perform daily secondary review and signoff of liquidity dashboard before distribution
+ Manage the CUSO daily liquidity dashboard for distribution to senior management and regulators
Knowledge
+ Working Knowledge of Section 165 of the Dodd-Frank Act related to liquidity stress testing
+ Previous experience working with ILST, EWI, FR2052a
Key Competencies / Skills
+ Excellent communication, leadership, and relationship-building skills for working with internal departments, affiliates, Head Office, and regulatory bodies
+ Expertise in collaborating with internal management colleagues and leaders across all subsidiaries and globally
+ Strong reasoning ability to understand complex situations, people, and system needs within liquidity reporting & management environment
+ Strong analytical skills with great attention to detail
+ Strong project management skills and the ability to work independently
+ Knowledge of liquidity management frameworks (e.g., banking products/activities, liquidity stress testing, Reg YY, Reg W, ALM operations) in the US
+ Strong analytical skills (qualitative and quantitative), problem-solving abilities, and attention to detail
Qualifications
+ Work Experience: 7 years of experience in liquidity reporting or closely related role.
+ Education: Required – BA / BS
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.
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 $191,000.00 and $230,000.00. 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
Treasury COO at SMBC, Inc has an opening for a Director within the Production and Analytics Team. The Director will be responsible for the daily management of the Internal Liquidity Stress Test of SMBC Consolidated U.S. Operations and the Bank Holding Company.
Role Objectives
+ The individual’s primary job responsibilities are to manage internal liquidity stress testing and related reporting across Consolidated U.S. Operations group companies.
+ Collaborates on developing and enhancing Internal liquidity stress reporting and governance frameworks for the Consolidated U.S. Operations
+ Facilitates communication with the Liquidity Management Teams (Position Management & Methodology) to establish a consistent internal liquidity stress reporting governance framework.
+ Assists the Head of Production and Analysis in performing annual, quarterly, monthly & daily reporting tasks
+ Collaborate with Information Technology and Treasury Business functions to effectively execute oversight and monitoring of Internal Liquidity Stress Reporting
+ Develop holistic attribution analysis that explains stress drivers across suite of metrics
+ Perform daily secondary review and signoff of liquidity dashboard before distribution
+ Manage the CUSO daily liquidity dashboard for distribution to senior management and regulators
Knowledge
+ Working Knowledge of Section 165 of the Dodd-Frank Act related to liquidity stress testing
+ Previous experience working with ILST, EWI, FR2052a
Key Competencies / Skills
+ Excellent communication, leadership, and relationship-building skills for working with internal departments, affiliates, Head Office, and regulatory bodies
+ Expertise in collaborating with internal management colleagues and leaders across all subsidiaries and globally
+ Strong reasoning ability to understand complex situations, people, and system needs within liquidity reporting & management environment
+ Strong analytical skills with great attention to detail
+ Strong project management skills and the ability to work independently
+ Knowledge of liquidity management frameworks (e.g., banking products/activities, liquidity stress testing, Reg YY, Reg W, ALM operations) in the US
+ Strong analytical skills (qualitative and quantitative), problem-solving abilities, and attention to detail
Qualifications
+ Work Experience: 7 years of experience in liquidity reporting or closely related role.
+ Education: Required – BA / BS
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.
Source : SMBC
