Market Risk Strategic Initiatives 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 Rail Services LLC, Manufacturers Bank, 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 $142,000.00 and $176,000.00. 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
Using existing risk models and guidelines, work with business unit to establish operational procedures and monitor compliance. Establish and maintain thresholds, at-risk levels and exposure limits. Optimize risk and return, remediate and avoid exceptions, and identify root causes of non-compliance. Ensure business partners are aware of their risk responsibilities.
Role Objectives: Delivery
Establish / maintain thresholds, at-risk levels, and exposure limits. Prepare periodic reporting to analyze positions, compare to thresholds, and ensure compliance. Work with business unit to optimize risk / return, remediate and avoid exceptions, and identify root causes of non-compliance and variances to expected performance. Using existing risk models and guidelines, work with business unit to establish operational procedures, monitor compliance. Identify necessary changes to both risk models and operating procedures. Rationalize and optimize both transaction level controls and policies. Evaluate and approve exceptions according to clip levels. Ensure business partners are aware of their risk responsibilities (operational, market, credit, etc.) and provide knowledge of policies and procedures. Evaluate new products and customer classes to ensure adherence to policies and procedures. Test transactions for compliance with established policies. Assist in compliance, financial and regulatory examinations / audits.
Role Objectives: Interpersonal
Build your market perspective through relationships with market counterparties. Facilitate relationships with units such as treasury and client-facing functions to better understand the risks in their businesses and the instruments they handle. Improve workflows and data gathering / sharing through relationships with units such as finance, compliance, legal and IT. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends and the products and clients of your business unit. Establish relationships with auditors and regulators to better understand their concerns and reduce potential compliance issues.
Role Objectives: Expertise
Demonstrate an advanced knowledge of your business area to streamline workflows and design relevant controls / thresholds and analysis. Have a solid understanding of risk frameworks, principles, types and exposures to create meaningful exception reporting including analysis of risk / reward. Demonstrate a working knowledge of modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Demonstrate a solid understanding of information technology to better gather, manage and monitor key data sets. Use a working knowledge of finance and accounting to help quantify impact analysis and create meaningful thresholds, policies and procedures. Be familiar with financial services trends and emerging issues to update risk processes and avoid exceptions. Apply a basic understanding of financial crimes, securities and other laws and regulations to create policies, procedures and reporting that reduce regulatory risk. Communicate analytical data effectively.
Qualifications and Skills
Recommended years of experience: 7
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.
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.