Head of Governance and Coordination for Market and Liquidity Risk

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 $235,000.00 and $265,000.00. 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 lead the governance and coordination activities required for CUSO Market and Liquidity Risk pillars and for relevant group companies engaging in capital markets businesses. The activities include key governance committees, liaising with other areas of Risk Management, front office, and control/support functions. This role reports to the Head of Market and Liquidity Risk who also serves as the CRO of certain group companies.

Role Responsibilities

The individual is expected to lead governance and coordination, with the following responsibilities:

Manage committee governance for entity level and AD level risk committees
– Collaborate on enhancing Market and Liquidity Risk Management framework and the effectiveness of governance committee escalation and decision-making for CUSO.
– Coordinate the planning and production of committee material, including agenda-setting, timely introduction of relevant special topics, and consistent reporting and tracking of required standing items.
– Liaise with stakeholders across Risk stripes and other departments to produce well-curated committee material in a timely manner.

Facilitation of Internal and External Oversight Requirements
– Lead the engagement with internal audit and related areas for various examinations.
– Lead the engagement with regulators including the FRB, NYDFS, NFA/CFTC, and FINRA/SEC for regular updates, ad hoc inquiries, and reviews/examinations.
– Contribute to senior management-driven reviews, information-gathering, and assessments.

Issues Management and Tracking
– Lead the issue management effort for CUSO Market and Liquidity Risk pillars and for relevant group companies.
– Engage with issue owners, action plan owners, reviewers, and other stakeholders to achieve effective and timely remediation of all issues.

Risk Governance
– Develop and implement an effective risk governance framework for CUSO Market and Liquidity Risk, and for relevant group companies.
– Manage policies and procedures for CUSO Market and Liquidity Risk and for relevant group companies.

Risk Control
– Establish effective controls (e.g. GRC/RCSA) for CUSO Market and Liquidity Risk pillars and for relevant group companies.
– Ensure that core Risk Management processes are executed in line with stakeholder requirements and expectations.
– Periodically report on control effectiveness and escalate any concerns by leveraging relevant committees and working closely with Non-Financial Risk Management.

Qualifications and Skills

• Preferred Previous Work Experience/ Preferred Education
  – Work Experience: 15+ years of experience in Risk Management or closely related role.
  – Language Skills: Strong verbal and written communication ability in English. Ability to communicate in Japanese will be highly beneficial, although not required.
  – Software Systems / Programming Languages: Working knowledge of VBA, and Microsoft Office Suite (Produce polished and error-free presentation materials that are often quantitative and analytical in nature.)
  – Education: Required – BA / BS
  – Familiarity with relevant business and risk management concepts (e.g. derivative pricing, VaR, stress-testing, counterparty exposure estimation, documentation standards, and committee reporting standards and practices)
• Other Skills, Abilities and/or Leadership
  – Ability to combine subject matter expertise, analytical skills, and leadership to assess complex and unclear situations, work with a wide range of stakeholders, formulate concrete and credible solutions, and deliver results in a timely and transparent manner.

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.