Market Risk Analysis & Reporting Team Manager - 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 $131,000.00 and $180,000.00. 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
SMBC seeks a Vice President (VP) for the ‘Daily Market Risk Analysis & Reporting Team’ within the Enterprise Risk Stripe of Risk Management Department Americas Division (RMDAD). The VP is responsible for analyzing and monitoring Market Risk reports and providing commentary to explain changes in results. This position will report to the Team Lead of the Daily Risk Analysis and Reporting Team and will have the opportunity to learn under seasoned Market Risk professionals. The VP has a solid understanding of Market Risk fundamentals, financial products and their associated risks, and has prior experience in a risk analysis and reporting role within the banking industry. This role is a growing team and offers excellent career opportunities.
Role Responsibilities
- Performs Market Risk analysis and monitoring tasks for internal stakeholders
- Provides analysis and commentary explaining changes in Market Risk report results
- Familiarity with ‘new products’ risk factors onboarding, testing, and implementation processes to support business growth
- Drives enhancements to improve risk reporting aggregation and reporting processes
- Supports preparation of risk committee meeting materials for internal stakeholders
- Provides regular status updates to management and escalates issues timely, as necessary
- Ensures compliance with Market Risk reporting documents
Qualifications and Skills
Recommended years of experience: 7
- Bachelor’s degree, preferably in finance, business administration, or related field
- Preferred: Prior experience in a Market Risk analysis and monitoring role
- Preferred: Understanding of programming languages, such as SQL, Python, R, C++
- Basic understanding of financial products and their risks; including, but not limited to, interest rate swaps, swaptions, caps/floors, corporate bonds, CDS, and Treasuries
- Familiarity with commonly used databases for data aggregation, such as Microsoft SQL, MySQL, and Oracle
- Proficient in VBA and visualization tools such as PowerBi and Powerpoint
- Knowledgeable about Market Risk regulatory requirements for Basel 2.5 and Basel III
- Strong analytical skills to identify and rectify reporting and monitoring issues effectively
- Ability to communicate appropriately at every level of the organization, including risk peers, business partners, and technology teams
- Team player that demonstrates and promotes a positive team culture
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.
