Risk Management Coordination Team Lead

SMBC Group; New York (NY); Hybrid; USD 155,000 - 195,000; Full time

Job summary

An established industry player is seeking a Vice President to lead risk management initiatives. This role involves coordinating risk governance, engaging with auditors and regulators, and managing risk-related issues across entities. The ideal candidate will have extensive experience in risk governance, excellent communication skills, and the ability to collaborate effectively with internal teams and external regulators. The company offers a competitive salary range and a hybrid work model, allowing flexibility while ensuring strong team collaboration. Join a dynamic team that values your contributions and supports your professional growth in the financial sector.

Benefits

Competitive salary

Hybrid work model

Annual discretionary incentive award

Comprehensive benefits portfolio

Qualifications

• 5-10 years of experience in risk governance or a closely risk-related role.
• Business fluency in English; knowledge of Japanese is a plus.

Responsibilities

• Coordinate risk management activities and escalate risk-related matters.
• Collaborate on developing market risk management frameworks.

Skills

Risk Governance

Analytical Skills

Project Management

Communication Skills

Relationship Building

Attention to Detail

Education

BA / BS

MBA

MS in Finance or Risk Management

Tools

Microsoft Office Suite

Job description

Job Level: Vice President

Location: New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 5233

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 anticipated salary range for this role is between $155,000.00 and $195,000.00. 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.

The VP’s primary job responsibilities include coordinating risk management activities such as committee management, engagements with auditors and regulators, and other areas across SCMC entities. The VP is expected to appropriately escalate risk-related matters in a timely manner to the Risk Coordination Team Lead and to the Head of Market and Liquidity Risk.

Role Objectives: Delivery

Committee Governance
1. Collaborate on developing and enhancing market risk management and risk governance committee frameworks.
2. Plan and produce risk committees, including agenda items, focal topics, and BAU items.
3. Liaise with stakeholders across departments to produce committee material timely and efficiently.
4. Curate materials from stakeholders to develop clear, concise, and impactful slides for efficient committee/meeting operations.
5. Assist with tracking action items from committees, holding owners accountable to agreed timelines.

Facilitation of Internal and External Oversight Requirements
1. Assist with exam/monitoring/testing management from internal audit and control departments.
2. Support exam and periodic review from external regulators, such as FRB, NYDFS, NFA, CFTC, FINRA, etc.
3. Manage deliverables and remediations related to oversight findings.

Role Objectives: Management

Issues Management and Tracking
1. Manage a comprehensive list of issues for market and liquidity risk across legal entities, including regulatory issues, audit issues, and management self-identified issues.
2. Engage with issue owners to track remediation activities.
3. Promptly escalate potential remediation delays.

Knowledge
1. Familiarity with relevant risk concepts and related valuation concepts (e.g., VaR and stress-testing standards, counterparty exposure estimation, documentation, and reporting approaches).
2. Familiarity with regulatory requirements for Swap-Dealer, Broker-Dealer, and Bank entities.

Role Objectives: Communication and Leadership

Communication and Leadership
1. Excellent communication skills and relationship-building skills to work with internal departments, affiliates, Head Office, and regulatory bodies.
2. Ability to work collaboratively with internal risk management colleagues and risk management leaders.
3. Strong analytical skills; great attention to detail.
4. Strong project management skills.

Qualifications and Skills

Preferred Previous Work Experience:
• Work Experience: 5-10 years of experience in risk governance or a closely risk-related role.
• Language Skills: Business fluency in English (knowledge of Japanese is a plus).
• Software Systems: Working knowledge of Microsoft Office Suite.

Preferred Education:
• Education: Required – BA / BS (MBA, MS in Finance or Risk Management is a plus).

Other Skills, Abilities, and/or Training:
• Ability to manage multiple responsibilities simultaneously by focusing on one task while keeping track of others.
• Ability to understand, communicate with, and effectively interact with people across cultures, especially with Expats from Japan.

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].