SMBC
Operational Risk Manager
SMBC, White Plains, New York, United States, 10606
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 $181,000.00. 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.
Overview
Reporting to the VP of Operational Risk, the incumbent supports the Second Line of Defense Risk Management Department Americas Division’s (RMDAD) Operational Risk and Other Risks Group (ORORG) in accordance with US Regulations, Head Office policies and industry practices for Risk Management.
The Risk Management Department is the Second Line of Defense in its role of monitoring and assessing business practices related to the risk appetite framework for SMBC. Within RMDAD, the Operational and Other Risk Group implements an Operational Risk framework independent of the businesses’ risk appetite statements. The individual is responsible for supporting the ongoing execution and operation of the Issue Management program across multiple businesses, group companies, and functions of the bank.
Role Description
Develop and maintain the enterprise issue management policies
Coordinate 2nd LoD review and challenge over the lifecycle of enterprise issues relating to 1st LoD, and manage the 2nd LoD issue management lifecycle for the Non-Financial Risk areas
Create and establish an appropriate remediation timeline for self-identified enterprise issues and enterprise issues raised by the 3rd LoD and the external regulators relating to RMDAD
Support the department in developing reporting for internal use and governance committees on both a regular and ad-hoc basis
Support special projects, including ad-hoc management reporting and tasks intended to enhance the Operational Risk Management Framework as they arise
Support other programs that are under the purview of Operational Risk team, as needed
Qualifications and Skills
5+ years of work experience in risk management within financial services industry
Experience with issue management and/or internal control frameworks
In-depth knowledge of enterprise Operational Risk Management
Bachelor’s degree
Strong organizational skills, with proven ability to successfully manage multiple initiatives and competing priorities
Detail oriented with proven ability to question the status quo and apply effective challenge, as appropriate
Strong interpersonal and communications skills to successfully interface across various levels and maintain solid working relationships
Strong PowerPoint and Excel skills
Ability to exercise strong judgment and operate with minimal level of supervision
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.
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 $181,000.00. 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.
Overview
Reporting to the VP of Operational Risk, the incumbent supports the Second Line of Defense Risk Management Department Americas Division’s (RMDAD) Operational Risk and Other Risks Group (ORORG) in accordance with US Regulations, Head Office policies and industry practices for Risk Management.
The Risk Management Department is the Second Line of Defense in its role of monitoring and assessing business practices related to the risk appetite framework for SMBC. Within RMDAD, the Operational and Other Risk Group implements an Operational Risk framework independent of the businesses’ risk appetite statements. The individual is responsible for supporting the ongoing execution and operation of the Issue Management program across multiple businesses, group companies, and functions of the bank.
Role Description
Develop and maintain the enterprise issue management policies
Coordinate 2nd LoD review and challenge over the lifecycle of enterprise issues relating to 1st LoD, and manage the 2nd LoD issue management lifecycle for the Non-Financial Risk areas
Create and establish an appropriate remediation timeline for self-identified enterprise issues and enterprise issues raised by the 3rd LoD and the external regulators relating to RMDAD
Support the department in developing reporting for internal use and governance committees on both a regular and ad-hoc basis
Support special projects, including ad-hoc management reporting and tasks intended to enhance the Operational Risk Management Framework as they arise
Support other programs that are under the purview of Operational Risk team, as needed
Qualifications and Skills
5+ years of work experience in risk management within financial services industry
Experience with issue management and/or internal control frameworks
In-depth knowledge of enterprise Operational Risk Management
Bachelor’s degree
Strong organizational skills, with proven ability to successfully manage multiple initiatives and competing priorities
Detail oriented with proven ability to question the status quo and apply effective challenge, as appropriate
Strong interpersonal and communications skills to successfully interface across various levels and maintain solid working relationships
Strong PowerPoint and Excel skills
Ability to exercise strong judgment and operate with minimal level of supervision
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.