Director, Funds Transfer Pricing Manager

SMBC Group; New York (NY); Hybrid; USD 200,000 - 225,000; Full time

Job summary

An established industry player is seeking a Director to enhance its Asset Liability Management function. This pivotal role involves leading the development of FTP policies, managing product methodologies, and ensuring compliance with regulatory standards. The ideal candidate will possess extensive experience in financial services, with a strong grasp of banking concepts and analytical skills. Join a dynamic team that values innovation and collaboration, and contribute to optimizing financial results while enjoying a competitive salary and a robust benefits package. This opportunity offers a hybrid work model, allowing for flexibility in your work environment.

Benefits

Competitive Benefits Package

Hybrid Work Model

Flexible Work Hours

Professional Development Opportunities

Qualifications

• Minimum 8 years of experience in the financial services industry.
• Advanced knowledge of banking concepts and financial principles.
• Detail-oriented with strong analytical and communication skills.

Responsibilities

• Lead the development and maintenance of the Bank’s FTP policy and standards.
• Manage product IRRBB and FTP methodology changes.
• Coordinate with stakeholders for FTP reporting and analytics.

Skills

Banking Concepts

Accounting Principles

Financial Analysis

Analytical Skills

Problem-Solving

Communication Skills

Interpersonal Skills

Education

Bachelor’s Degree in Finance

Graduate Degree in Finance or Economics

MBA or CFA

Tools

Microsoft Office Suite

Excel

Job description

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Job Level: Director

Location:

New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 5366

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 $200,000.00and $225,000.00. 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.

This a Director, FTP role will be responsible for supporting the Bank’s Asset Liability Management (ALM) function including FTP methodology design, implementation, analytics, business communication, forecasting, liquidity stress testing, and Asset Liability Management Committee (ALCO) package preparation. Work is varied in nature with changing priorities.

Responsibilities:

• Lead the development and maintenance of the Bank’s FTP policy and standards, and methodologies. Be able to identify and independently resolve technical/modelling issues in the context of ALM and FTP.
• Responsible for managing the product IRRBB, FTP methodology changes and supporting annual model validation process, and FTP methodology enhancements.
• Manage and coordinate with the team and key stakeholders on maintaining, updating, and improving, where possible and appropriate, the analytics that support the assumptions recalibration process for the FTP methodologies.
• Engage all levels of management and other departments to gather, analyze, summarize, and prepare FTP reporting for the ALCO and various other monthly, quarterly, and annual Corporate Treasury related reports.
• Lead the monitoring of activities and exposures to ensure adherence to approved policies and standards. Regularly review the policy, standards, and rule book, proposing updates and revisions where necessary.
• Lead the FTP methodologies and governance and maintain the related policy and standard.
• Coordinate with CUSO Treasury SMEs to lead the development and enhancement of Fund Transfer Pricing (FTP) methodologies and governance. Coordinate with Head-Office to recommend changes to FTP based on locally observed markets, and implement new guidance locally to promote global consistency.
• Adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of FTP and/or provide input into policy and procedure amendments.

Role Objectives: Interpersonal

• Participate in long- and short-term planning and new product development.
• Network within the industry through meetings, events and involvement with trade organizations to explore different funding avenues and vehicles.
• Optimize risk taking through partnerships with risk management.
  

Role Objectives: Expertise

• Demonstrate a deep understanding of the funding needs, liquidity implication, product structures and profitability of the businesses you advise to optimize unit and entity results.
• Exhibit a practical hands-on knowledge of transfer pricing mechanisms and capital allocations to optimize the usage of equity.
• Be proficient with information technology to better gather and manage data.
• Demonstrate advanced analytical / quantitative skills to optimize financial results. Communicate analytical data effectively.
• Understanding of banking concepts, accounting, finance, and economic principles.
• Knowledge of bank operations, products, and services.
• Detail-oriented with excellent organizational, interpersonal, verbal, and communication skills.

Qualifications and Skills

• Minimum 8 years of experience, preferably in the financial services industry.
• Understanding of banking concepts, accounting, finance, and economic principles.
• Knowledge of bank operations, products, and services.
• Ability to work under limited supervision and direction while managing multiple priorities.
• Detail-oriented with excellent organizational, interpersonal, verbal, and communication skills.
• Advanced analytical and problem-solving skills.
• Advanced knowledge of Microsoft Office Suite, particularly Excel
• Bachelor’s degree in finance, accounting, mathematics, computer science or related field, Graduate degree in finance, economics, or math; MBA, CFA, FRM, PRM and/or specialized degree in financial engineering or similar discipline preferred.

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. 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].