Risk Management Coordination Manager

Job Type: Location Type: Hybrid

 

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 $135,000.00 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 Overview

The Vice President (VP) in the Risk Management Coordination Team plays a pivotal role in operational coordination and facilitation of risk oversight processes across SMBC entities.

This includes committee governance, regulatory and audit engagement, and issue management. The VP is responsible for ensuring timely, consistent, and high-quality preparation of materials for committee, regulatory, and audit submissions as well as timely escalation of risk-related matters to the Risk Coordination Team Lead and the Head of Market and Liquidity Risk.

Key Responsibilities:

2. Oversight and Regulatory Engagement:

– Assist with facilitation of internal and external oversight requirements including regulatory exams, internal audits, periodic reviews, and ad-hoc requests.

– Support interactions with internal audit and control departments for monitoring and testing activities.

– Support regulatory exams and reviews from external bodies such as FRB, NYDFS, NFA, CFTC, FINRA, etc.

– Manage deliverables and remediation efforts related to oversight findings.

3. Issue Tracking and Resolution:

– Maintain a comprehensive inventory of issues across CUSO Market Risk and other risk stripes under the Swap-Dealer and Broker-Dealer legal entity CRO umbrella.

– Track and manage regulatory, audit, and self-identified issues.

– Engage with issue owners to monitor remediation activities, assess risks, review remediation plans, and assist with preparation, review and challenge of closure documentation.

– Escalate potential delays in remediation promptly.

Knowledge and Expertise:

– Demonstrate familiarity with key risk and valuation concepts (VaR, stress-testing, and counterparty exposure estimation, documentation and reporting approaches).

– Understand regulatory requirements applicable to Swap-Dealer, Broker-Dealer, and Bank entities.

Communication and Leadership:

– Exhibit excellent communication and relationship-building skills with internal departments, affiliates, Head Office, and regulatory bodies.

– Collaborate effectively with internal risk management colleagues and leadership.

– Apply strong analytical skills and attention to detail.

– Utilize robust project management capabilities to manage multiple priorities.

Qualifications and Skills

– 5-10 years of experience in risk or a closely related risk management role.

– Business fluency in English; knowledge of Japanese is a plus.

– Demonstrated proficiency in Microsoft Office Suite, with significant experience in preparing presentations for CxO and Board levels.

Education:

– Required: Bachelor’s degree (BA/BS).

– Preferred: Advanced degree such as MBA or MS in Finance or Risk Management.

Additional Skills:

– Ability to manage multiple responsibilities and prioritize effectively.

– Cultural sensitivity and ability to interact effectively with international colleagues, particularly Japanese expatriates.

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.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.