Vice President, Liquidity Risk

SMBC Group; New York (NY); Hybrid; USD 182,000 - 188,000; Full time

Benefits offered by this job

Hybrid work model

Discretionary incentive award

Job summary

SMBC Group seeks an experienced Liquidity Risk professional to lead oversight across first-line defenses, liquidity stress testing, cash flow forecasting, and contingency planning within its US operations. You will develop bespoke frameworks and tools to monitor key liquidity metrics and provide challenge to risk-threshold proposals while supporting regulators and internal committees.

Hybrid remote work is permitted, with proximity to a SMBC office for collaboration.

Qualifications

• Bachelor’s degree in finance, financial risk management, or related field with 8 years of experience.
• Experience in liquidity risk technology and analytics for regulatory compliance.
• Experience in staff training and resource management.

Responsibilities

• Challenge 1st line liquidity risk activities and stress testing.
• Develop risk frameworks to track liquidity metrics.
• Support FRB Horizontal Liquidity Reviews and respond to inquiries.
• Prepare risk committee materials and assess new products.
• Coordinate with internal audit and improve LRO processes.
• Hybrid remote work is permitted.

Skills

Liquidity risk

Analytics

Regulatory compliance

Stakeholder liaison

Education

Bachelor’s degree in finance

Job description

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 $182,333.00 and $188,000.00. 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 Objectives

• Provide review and challenge to 1st line of defense activities, including, but not limited to, internal liquidity stress testing, cash flow forecasting, contingency funding plan, intraday liquidity, and funds transfer pricing.
• Develop bespoke risk frameworks and tools to track and analyze movement in key liquidity metrics and use results to aid review and challenge activity.
• Provide challenge to 1st line proposal of annual risk appetite statement refresh for SMBC Combined US Operations. Participate in annual Horizontal Liquidity Reviews conducted by the Federal Reserve Board (\"FRB\") and respond to FRB questions and ad-hoc requests.
• Assist in preparing risk committee meeting materials for reporting to internal and external stakeholders, including regulators. Provide independent review and assessment of new products, business initiatives and services introduced or proposed by sponsors.
• Engage with internal audit team during annual audit of liquidity risk, and remediate issues found from the audit. Enhance internal Liquidity Risk Oversight (LRO) processes and collaborate with Independent Review Function on providing input into its annual risk assessment of liquidity.
• Hybrid remote work permitted.

Qualifications And Skills

• Bachelor’s degree in finance, financial risk management, or a related field plus 8 years of experience.
• Experience must include the following: technology and finance in the liquidity risk function; analytics and platform development for liquidity regulatory compliance; and resource management in relation to staff training.
• The required skills do not need to be maintained over the full term of the required experience.

The role is eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

For benefit information, please see the Careers page.

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].