Sumitomo Mitsui Financial Group, Inc.
Liquidity Risk Oversight Manager
Sumitomo Mitsui Financial Group, Inc., New York, New York, us, 10261
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 $146,000.00 and $175,000.00. 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
Risk Management Department Americas Division (RMDAD) has an opening for an Associate/Vice President in the Liquidity Risk Management Group. This position resides within the Liquidity Risk Oversight Team. The Liquidity Risk Associate/VP will provide ongoing review and challenge to the 1st Line of defense activities. The role's coverage of business lines includes traditional banking (including digital bank), swap dealer and broker dealer. Product coverage includes but is not limited to traditional banking (deposits, loans and commitments), derivatives and money market products (Repos and Reverse repos). The Associate/VP will combine their working knowledge of liquidity risk along with their technical skills to develop framework and tools which will be used to identify risk exposures for continued review and challenge.
Role Responsibilities:
Provide on-going and ad-hoc review and challenge to 1st Line of Defense activities including but not limited to internal liquidity stress testing, cash flow forecasting, contingency funding plan, intraday liquidity, funds transfer pricingDevelop bespoke risk frameworks and tools to track and analyze movement in key liquidity metrics and use results to aid review and challenge activityProvide challenge to 1st line proposal of annual risk appetite statement refresh for SMBC CUSOParticipate in annual Horizontal Liquidity Reviews conducted by FRB; respond to FRB questions and ad-hoc requestsAssist in preparing risk committee meeting materials to report to both internal and external stakeholders, including regulatorsProvide independent review and assessment of new products, business initiatives and services introduced/proposed by sponsorsEngage with internal audit during annual audit of liquidity risk; remediate findings as neededEnhance internal LRO processes and collaborate with Independent Review Function on providing input into IRF's annual risk assessment of liquidityQualifications and Skills
Previous experience and working knowledge of banking products/activities and their implications on liquidity risk either from a 1st line, 2nd, or 3rd line of defense perspectiveIn depth understanding of banking book products such as deposits and loans, off balance sheet exposures; commitments, derivatives (swaps options), money market products (repos) and the associated liquidity riskPrograming ability in VBA and PythonWorking knowledge of liquidity risk and regulatory frameworks and regulationsFamiliarity with funding plans, contingency fundings plans, and Funds Transfer PricingPreferred experience with Federal Reserve Bank Horizontal Liquidity reviews and MRA remediationStrong communicator and presenter - demonstrated ability to proactively interact with other departments including treasury, business lines, and auditProven ability to effectively present complex topics to managementGraduate and/or Post Grad degree in STEM
Additional Requirements
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 $146,000.00 and $175,000.00. 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
Risk Management Department Americas Division (RMDAD) has an opening for an Associate/Vice President in the Liquidity Risk Management Group. This position resides within the Liquidity Risk Oversight Team. The Liquidity Risk Associate/VP will provide ongoing review and challenge to the 1st Line of defense activities. The role's coverage of business lines includes traditional banking (including digital bank), swap dealer and broker dealer. Product coverage includes but is not limited to traditional banking (deposits, loans and commitments), derivatives and money market products (Repos and Reverse repos). The Associate/VP will combine their working knowledge of liquidity risk along with their technical skills to develop framework and tools which will be used to identify risk exposures for continued review and challenge.
Role Responsibilities:
Provide on-going and ad-hoc review and challenge to 1st Line of Defense activities including but not limited to internal liquidity stress testing, cash flow forecasting, contingency funding plan, intraday liquidity, funds transfer pricingDevelop bespoke risk frameworks and tools to track and analyze movement in key liquidity metrics and use results to aid review and challenge activityProvide challenge to 1st line proposal of annual risk appetite statement refresh for SMBC CUSOParticipate in annual Horizontal Liquidity Reviews conducted by FRB; respond to FRB questions and ad-hoc requestsAssist in preparing risk committee meeting materials to report to both internal and external stakeholders, including regulatorsProvide independent review and assessment of new products, business initiatives and services introduced/proposed by sponsorsEngage with internal audit during annual audit of liquidity risk; remediate findings as neededEnhance internal LRO processes and collaborate with Independent Review Function on providing input into IRF's annual risk assessment of liquidityQualifications and Skills
Previous experience and working knowledge of banking products/activities and their implications on liquidity risk either from a 1st line, 2nd, or 3rd line of defense perspectiveIn depth understanding of banking book products such as deposits and loans, off balance sheet exposures; commitments, derivatives (swaps options), money market products (repos) and the associated liquidity riskPrograming ability in VBA and PythonWorking knowledge of liquidity risk and regulatory frameworks and regulationsFamiliarity with funding plans, contingency fundings plans, and Funds Transfer PricingPreferred experience with Federal Reserve Bank Horizontal Liquidity reviews and MRA remediationStrong communicator and presenter - demonstrated ability to proactively interact with other departments including treasury, business lines, and auditProven ability to effectively present complex topics to managementGraduate and/or Post Grad degree in STEM
Additional Requirements
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.