Capital Management Oversight Risk

SMBC Group; New York (NY); Hybrid; USD 90,000 - 135,000; Full time

Benefits offered by this job

Hybrid work model

Discretionary incentive

Benefits package

Job summary

SMBC Group is seeking an Associate to join the Capital Management Oversight team within the Treasury Risk Management group in the Americas. The role focuses on independent oversight of capital ratios, risk-weighted assets, and capital management across SMBC entities, reporting to senior management and coordinating with Tokyo Head Office. Applicants should have 2+ years in capital management or risk roles at large U.S.

banks, with strong knowledge of U.S. capital rules, CCAR, and leverage ratios.

Qualifications

• 2+ years capital management, regulatory capital, stress testing, treasury, or risk management experience in the first- or second-line groups of large U.S. banks or FBOs.
• Understanding of U.S. regulatory capital requirements.
• Understanding of financial markets and products required.
• Familiarity with banks’ capital framework, CCAR / stress testing, RWA methodologies (credit, market, operational), and leverage ratio construct.
• 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.

Responsibilities

• Independent oversight of capital ratios and capital adequacy, capital management strategies and plans for relevant SMBC entities in the Americas region.
• Execute ongoing review and challenge of capital ratios (e.g., CET1, Tier 1, Total Capital, Leverage), risk-weighted assets (RWA), leverage assets, and buffers.
• Prepare and present analyses and reports to senior management.
• Ensure timely escalation of capital management issues and limit breaches to appropriate stakeholders.
• Promote continuous enhancement of the second line risk oversight framework.
• Support engagement with regional regulators on capital risk matters related to the second line function.
• Establish collaborative relationship with the first line Treasury functions; provide support and risk advice while maintaining independence.
• Build and maintain relationships with business partners and foster a risk culture through the organization.

Skills

Capital management

Regulatory capital

Stress testing

Treasury

Risk management

CCAR

Leadership / communication

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 $90,000.00 and $135,000.00. 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 an Associate to join the Capital Management 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 Capital Management Oversight Associate will report to the Head of Americas Division Capital Management Oversight and will support the independent oversight of capital adequacy and capital management across different legal entities and jurisdictions.
The position requires familiarity with bank capital regulatory frameworks and capital adequacy requirements; 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:

• Independent oversight of capital ratios and capital adequacy, capital management strategies and plans for relevant SMBC entities in the Americas region.
• Execute ongoing review and challenge of capital ratios (e.g., CET1, Tier 1, Total Capital, Leverage), risk-weighted assets (RWA), leverage assets, and buffers.
• Prepare and present analyses and reports to senior management.
• Ensure timely escalation of capital management issues and limit breaches to appropriate stakeholders.
• Promote continuous enhancement of the second line risk oversight framework.
• Support engagement with regional regulators on capital risk matters related to the second line function.
• Ensure proper set up and documentation of the team’s processes. Strive for process automation and ensure efficiencies in the team’s operations.
• Establish collaborative relationship with the first line Treasury functions; provide support and risk advice while maintaining independence.
• Build and maintain relationships with business partners and foster a risk culture through the organization.

Qualifications and Skills

• 2+ years capital management, regulatory capital, stress testing, treasury, or risk management experience in the first- or second-line groups of large U.S. banks or FBOs.
• Understanding of U.S. regulatory capital requirements.
• Understanding of financial markets and products required.
• Familiarity with banks’ capital framework, CCAR / stress testing, RWA methodologies (credit, market, operational), and leverage ratio construct.
• 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 [e-mail].