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Form of workSMBC 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 $188,000.00 and $220,000.00. 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
SMBC is seeking an Enterprise Risk Director specializing in Strategic Risk and Change Risk Management, who will play a critical role identifying, assessing, and mitigating strategic risks and risks associated with changes and projects within the bank. The Director will be responsible for developing and implementing Risk Management strategies to ensure the achievement of our business objectives and compliance with regulatory requirements.
Role Objectives: Delivery
The individual should be able to:
- Identify, assess, and prioritize strategic risks related to the bank's business objectives and long-term planning
- Develop risk mitigation strategies and provide recommendations to the senior leadership
- Monitor and report on the bank's strategic risk profile to senior management
- Advise staff and senior management across regulations and strategic Risk Management objectives
- Oversee risk assessments for significant changes, projects, and initiatives within the bank.
- Collaborate with project managers and stakeholders to ensure risks are identified and addressed during project planning and execution
- Implement risk mitigation measures to minimize disruptions and financial losses associated with changes
- Lead the review, design and implementation of Risk Management framework including but not limited to risk governance, organization structure, policies and procedures, three lines of defense, risk measures and metrics
- Identify current state Risk Management activities and governance structure, formulate the required/desired state based on regulatory and best practices, conduct gap analysis and formulate the target operating model
- Drive and deliver large scale risk and regulatory change and technical initiatives
Role Objectives: Expertise
- Understanding of Risk Management including regulatory and best practices
- Understanding of strategic Risk Management, project Risk Management, and regulatory compliance
- Excellent written and verbal communication skills and ability to translate these skills to capture content rich issues and drive complex initiatives; masterful in PowerPoint at distilling, rendering and visualizing complex issues in an accessible manner for executive, senior and technical audiences
- Strong analytical skills, both qualitative and quantitative; intellectually curious; excellent problem-solving abilities and ability to break apart issues and come up to speed on new issues, attention to detail
- Able to work well across functions, ascertain and capture multiple points of view; render information so that it is actionable, and prompt follow up
Qualifications and Skills
- Extensive experience in Enterprise Risk Management within a U.S. Banking Organization with a focus on strategic risk assessments and change Risk Management
- Minimum work experience in financial services industry of 10 years
- Masters Degree/CFA/FRM preferred
Other Skills
- Strong technical, and quantitative analysis skills with knowledge of Microsoft Excel and Word
- Leadership, team management and problem-solving skills in cross functional / matrix environment
- Strong influencing and presentation skills
- A deep understanding of banking regulations and industry standards
- Ability to self-manage and prepare documentation, while managing assigned teams and deliverables under tight deadlines
- Experience working with internal and external teams to develop and negotiate project scope
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.
