Director - Risk Management (Regulatory Reporting: FR Y-14A / FR Y-14Q - Schedule L)

SMBC Group; New York (NY); Hybrid; USD 178,000 - 231,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

SMBC Group in New York is seeking a Director of Risk Management to lead Schedule L development for FR Y-14Q/FR Y-14A, ensuring timely, accurate regulatory submissions and a robust governance framework. The role coordinates risk, finance, technology, and front office to align with supervisory expectations and internal standards.

The position offers a hybrid work arrangement, competitive compensation, and a benefits portfolio.

Qualifications

• 10+ years of experience in risk management, regulatory reporting, or stress testing in a large financial institution.
• Deep familiarity with FR Y-14A / FR Y-14Q reporting requirements, especially Schedule L.
• Strong understanding of capital stress testing frameworks, regulatory reporting controls, and governance practices.
• Experience building reporting frameworks, data processes, and regulatory infrastructure.
• Proven ability to work across Risk, Finance, Technology, and Front Office.
• Strong analytical, project management, and communication skills.
• Experience managing regulatory exams, audits, and issue remediation.
• Experience supporting CCAR / stress testing regulatory processes.
• Leadership of cross-functional initiatives in a complex banking environment.

Responsibilities

• Own end-to-end preparation and submission of Schedule L for FR Y-14Q and FRY-14A reporting.
• Establish and maintain a comprehensive reporting framework covering data sourcing, calculations, controls, documentation, and timelines.
• Ensure compliance with regulatory guidance and evolving supervisory expectations.
• Design and implement a scalable operating model for Schedule L production.
• Partner with Technology to develop or enhance systems and data pipelines for regulatory reporting.
• Implement governance processes for data validation, issue management, and documentation.
• Coordinate attestations and sign-offs from Risk and Front Office stakeholders.
• Act as a central point of contact for Schedule L methodology, assumptions, and reporting requirements.
• Address findings and remediation actions related to reporting processes and controls.

Skills

Risk management

FR Y-14A/FR Y-14Q

Schedule L

Regulatory reporting controls

Governance practices

Stakeholder management

Data governance

CCAR / stress testing

Cross-functional leadership

Job description

Select how often (in days) to receive an alert:

Director - Risk Management (Regulatory Reporting: FR Y-14A / FR Y-14Q - Schedule L)

Job Level: Director

Location: New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 8368

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 $178,000.00and $231,000.00. 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

The Director of Risk Management will lead the governance, framework design, and production of Schedule L for FR Y-14Q regulatory stressed and unstressed submissions along with FRY-14A reporting. This role is responsible for establishing a robust reporting infrastructure, building sustainable processes and systems, and coordinating cross-functional inputs across Risk, Finance, Technology, and Front Office teams. The individual will ensure accurate, timely, and well-controlled submissions aligned with regulatory expectations and internal governance standards.

Role Responsibilities

• Own the end-to-end preparation and submission of Schedule L for FR Y-14Q regulatory stressed and unstressed submissions along with FRY-14A reporting
• Establish and maintain a comprehensive reporting framework covering data sourcing, calculations, controls, documentation, and submission timelines.
• Ensure compliance with regulatory guidance and evolving supervisory expectations.
• Design and implement a scalable operating model for Schedule L production.
• Partner with Technology to develop or enhance systems and data pipelines supporting regulatory reporting.
• Implement governance processes for data validation, issue management, and documentation.
• Coordinate attestations and sign-offs from key stakeholders across Risk and Front Office.
• Act as a central point of contact for questions related to Schedule L methodology, assumptions, and reporting requirements.
• Address findings and implement remediation actions related to reporting processes and controls.

Qualifications and Skills

• 10+ years of experience in risk management, regulatory reporting, or stress testing within a large financial institution.
• Deep familiarity with FR Y-14A / FR Y-14Q reporting requirements, particularly Schedule L.
• Strong understanding of capital stress testing frameworks, regulatory reporting controls, and governance practices.
• Experience building reporting frameworks, data processes, and regulatory infrastructure.
• Proven ability to work across multiple stakeholders including Risk, Finance, Technology, and Front Office.
• Strong analytical, project management, and communication skills.
• Experience managing regulatory exams, audit interactions, and issue remediation.
• Experience supporting CCAR / stress testing regulatory processes.
• Prior experience leading cross-functional initiatives in a complex banking environment.

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].