Liquidity Risk Oversight, Vice President

Job description

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 $145,000.00 and $185,000.00. 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 Sumitomo Mitsui Banking Corporation (“SMBC”) is seeking a Vice President to join the Liquidity Risk Oversight team within the Treasury Risk Management group. The Treasury Risk Management group is a risk function within the Risk Management Department Americas Division (RMDAD) and oversees the treasury risks and balance sheet strategy of SMBC branches and subsidiaries in the region; the group provides risk oversight that extends to liquidity risk, interest rate risk in the banking book, and capital management, and independently assesses business strategies that impact these risks. The mandate of the group is to ensure that all treasury risks are adequately identified, measured, controlled, monitored, and reported. The group works closely with the SMBC risk management department in Tokyo Head Office that oversees SMFG $2+ Tr. balance sheet risks. The Liquidity Risk Oversight Vice President will be responsible for special projects that require dedicated leadership and immediate attention within the broader liquidity risk oversight; the position will cover SMBC’s ~$300B combined balance sheet and related risks across different legal entities and jurisdictions in the region. The position requires expertise in liquidity risk management, regulatory frameworks, and stress testing, as well as agility and organizational skills to lead multiple projects simultaneously; the role offers an excellent opportunity to learn, contribute to the team oversight, and connect and work with different stakeholders in the organization. Role Objectives: • Lead special projects in liquidity risk under the direction of the Head of Liquidity Risk Oversight. Projects can range from liquidity limit recalibration to in-depth product analyses, market surveillance, and ad-hoc review and challenge. • Support ongoing independent oversight of the funding and liquidity position of SMBC branches and legal entities in the Americas region. • Support continuous enhancement of the oversight framework established by the independent second line risk function. • Support engagement and interactions with regional regulators on liquidity risk matters. • Support regional liquidity risk committees and governance forums, as needed. • Prepare and present liquidity risk analyses and reports to senior management and risk committees, as required. • Ensure timely escalation of liquidity risk issues to appropriate stakeholders. • Establish collaborative relationship with the first line Treasury functions providing support and risk advice while maintaining independence. • Build and maintain relationships with business partners and foster a strong risk culture through the organization. • Interact with colleagues in Tokyo Head Office and in other regions (i.e., EMEA, APAC) to ensure coordination. Qualifications and Skills • 5+ years of liquidity risk experience in the first- or second-line groups of large U.S. banks or FBOs. • Strong background in financial markets and products. • Understanding of balance sheet, products, and related liquidity risks. • Knowledge of U.S. regulatory requirement for liquidity risk (e.g., Reg YY, SR 10-6, Reg WW). • Understanding of regulatory metrics for liquidity risk such as LCR and NSFR. • Background in consulting is a plus. • Strong leadership and interpersonal skills are required for this position. • Extremely organized and structured with strong project planning skills and ability to deliver under tight deadlines. • Excellent verbal and written communication skills with the ability to manage a variety of projects simultaneously. 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 .