Non-Financial Risk (Technology and Cyber Risk Management) Vice President

Sumitomo Mitsui Financial Group Inc.; Jersey City (NJ); Hybrid; USD 143,000 - 185,000; Full time

Job summary

A global financial institution seeks a Non-Financial Risk Vice President to enhance its IT and Cyber risk management practices. The role involves overseeing risk frameworks, assessing IT-related risks, and preparing reports for top management, requiring a strong background in cybersecurity and risk management. Candidates will ideally have over five years of experience in financial services and relevant degrees or certifications.

Qualifications

• 5+ years of experience in financial services focused on IT risk management.
• Knowledge of regulatory guidance/regulations preferred.
• Familiarity with cyber risk management frameworks like NIST, ISO, COBIT.

Responsibilities

• Support review and challenge of risk identification and assessment related to IT and cybersecurity.
• Prepare risk reporting for risk committee.
• Understand regulatory changes impacting operational risk.

Skills

IT risk management

Cybersecurity

Data management

Risk control self-assessments

Education

Bachelor’s degree

Master’s degree preferred

Job description

Non-Financial Risk (Technology and Cyber Risk Management) Vice President

Non-Financial Risk (Technology and Cyber Risk Management) Vice President

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 $143,000.00 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

The Risk VP role supports the operationalization of the Information Technology (IT) and Cybersecurity risk management framework for the SMBC Group Americas Division (AD), in accordance with applicable regulations, home office policies and industry practices for risk management.

The Risk Management Department (RMDAD) is the second line of defense in its role of monitoring and assessing business practices as related to the risk appetite framework for SMBC. Within the RMDAD, the Non-Financial Risk (NFR) establishes an IT & cyber risk management and resilience oversight frameworks with defined roles and responsibilities across first and second lines. The Risk VP is responsible for providing second line review and challenge as part of the framework execution.

Role Responsibilities

Supports the review and challenge of the 1st LOD risk identification, assessment, mitigating activities, and overall operational risk profile as it relates to IT, data management and cybersecurity risks

Provides review and challenge on IT, data management and cybersecurity policies, standards, control framework, risk metrics/indicators, risk and control self-assessment (“RCSA”)

Understands changes related to regulatory, new product/initiative, processes, controls, events, issues, etc., in the IT, data management and cybersecurity that may impact the operational risk profile of the bank

Prepare IT, data management and cybersecurity risk reporting for risk committee and support management on board-level oversight

Qualifications And Skills

Well-versed in technology & cyber risk and resilience practices with the ability to connect and align with the firm’s operational risk management processes and operational resilience framework

5+ years of direct work experience within the financial services industry, focused on IT risk management, regulatory/audit, information technology and cybersecurity experience

Foundational knowledge of enterprise risk management industry practices including project management, and risk control self-assessments

Subject matter expertise in two or more IT/Cyber programs (e.g., vulnerability management, access management, SDLC, application security, asset management

Working knowledge of technology and cyber risk management process and controls, industry practices and framework (e.g. NIST, ISO, COBIT).

Board committee reporting experience with strong writing skills and attention to detail

Strong organizational skills, with proven ability to successfully manage multiple, concurrent priorities. Ability to work effectively in a matrixed environment and across various organizational levels, where flexibility, collaboration, and adaptability are important

Foundational knowledge of IT/Cyber regulatory guidance/regulations (North America, APAC preferred)

Strong desire to continually deliver a quality and meaningful work product in a timely and efficient manner

Bachelor’s/University degree, Master’s degree preferred

CISA, CISM, CISSP, or other IT risk/IT security certifications preferred

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].

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking, Financial Services, and IT Services and IT Consulting

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