Managing Director, Financial & Quantitative Risk Blog Post

Allocator Jobs; United States; Remote; USD 300,000; Full time

Job summary

An established industry player is seeking a Managing Director for their Investments Risk Data Analytics team. This pivotal role involves overseeing risk management for a digital banking initiative and legacy divisions. You will implement risk policies, manage loss reserves, and collaborate with various teams to ensure effective governance. The ideal candidate is a seasoned professional with extensive experience in financial risk management, capable of leading teams and driving a strong risk culture. This opportunity offers a competitive salary and the chance to make a significant impact in a dynamic environment.

Qualifications

• 15+ years in banking, especially in consumer lending and financial management.
• Proven executive leadership with strong communication skills.

Responsibilities

• Develop and implement comprehensive risk policies and procedures.
• Lead and mentor risk analysis teams, fostering a strong risk culture.

Skills

Data Analysis

Financial Risk Management

Communication Skills

Leadership

Modeling and Machine Learning

Education

Bachelor’s degree in Finance

Advanced degrees or certifications (CFA, FRM)

Job description

Job Title: Managing Director / CIO, Investments Risk Data Analytics

Duration: January 8, 2025 – April 9, 2025

Location: Remote, United States

SMBC Group, a top-tier global financial institution headquartered in Tokyo with a 400-year history, offers diverse financial services worldwide. With over 130 offices and 80,000 employees across nearly 40 countries, SMBC Group is part of Sumitomo Mitsui Financial Group (SMFG), one of Japan's largest banking groups, trading on multiple stock exchanges including NYSE.

The role offers an anticipated salary of $300,000, with specifics based on qualifications, experience, and market conditions. Additional benefits and potential discretionary incentives are available.

Job Summary:

As the Financial and Quantitative Risk Management (FQRM) Managing Director at SMBC MANUBANK, you will report directly to the Chief Risk Officer and oversee two critical functions:

1. Managing loss provisions, credit policy, and risk appetite for the digital-only, direct-to-consumer 'Jenius Bank' launched in 2023.
2. Overseeing 2nd line risk functions related to model, liquidity, and market risks at the bank level, covering both Jenius Bank and legacy divisions.

This role requires a data-savvy, quantitative professional with a deep understanding of credit, liquidity, market, and financial risk management, capable of building effective risk controls and working collaboratively across teams.

Principal Duties and Responsibilities:

• Develop and implement comprehensive risk policies and procedures.
• Manage loss reserves, provisions, and CECL processes, communicating with executives and boards.
• Establish and monitor risk limits aligned with economic cycles and risk appetite.
• Ensure policy adherence and communicate updates organization-wide.
• Maintain expertise in financial regulations and market dynamics.
• Design stress testing and scenario analyses to evaluate economic impacts.
• Collaborate with various risk and audit teams and represent the bank in governance and regulatory discussions.
• Lead and mentor risk analysis teams, fostering a strong risk culture.

Position Specifications:

Education:

• Bachelor’s degree in Finance, Economics, Business, Data Science, or related fields.
• Advanced degrees or certifications like CFA or FRM are preferred.

Skills and Experience:

• 15+ years in banking, especially in consumer lending and financial management.
• 10+ years in senior consumer credit leadership, experienced in stress environments.
• Proven executive leadership (8+ years at MD or ED level).
• Strong communication skills for engagement with senior management and regulators.
• Proficiency in data analysis, modeling, and machine learning applications.
• Experience in diverse banking products, with a focus on risk and reserve management.

SMBC supports a hybrid work model and is committed to diversity and inclusion. Applicants needing accommodations during the hiring process should contact [e-mail].