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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 Rail Services LLC, Manufacturers Bank, 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 $90,000.00 and $170,000.00. 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

SMBC is seeking a New Products and New Activities Risk Vice President to perform an active role in assisting with management and delivery of key risk management initiatives to address regulatory requirements and enhance risk management governance. This role is a part of the Strategic Initiatives group of the Risk Management Department.

Role Objectives: Delivery

Manage end-to-end delivery against a defined program or portfolio of programs. Define program stakeholders, scope, timing, resource requirements and deliverables. Implement standardized templates and communication channels to drive transparency and consistency across program effort. Create program management office (PMO) and assign clear roles and responsibilities to establish ownership of program work-streams and deliverables. Identify and mobilize subject matter experts throughout the organization to contribute as required. Monitor delivery throughout the life of the program and assess outcomes to ensure completeness and sustainability. Modify program plan and/or timelines as necessary in coordination with business stakeholders. Continuously monitor adherence to program budget and address areas of potential overrun. Secure additional funding for program if required and available.

Responsibilities:

• Assist with governance and enhancement of new products; effectively facilitate risk review meetings and drive go / no-go decisions

• Articulate challenges, issues, required decisions, path to resolving challenges and next steps for new products and new activities

• Display agility to manage multiple deadlines across several competing and conflicting priorities

• Excellent problem-solving abilities and ability to break apart issues and come up to speed on new issues, attention to details

• Identify current state risk management activities and governance structure, assist with formulation of the required/desired state based on regulatory and best practices, conduct gap analysis and formulate the target operating model

• Exhibit strong relationship management skills and ability to work with stakeholders across different departments and various levels of management, including executive

• Assist with delivery of large-scale risk and regulatory change and technical initiatives

• Learn, execute, and communicate regulations and strategic risk management objectives to large working groups including staff and senior management

• Excellent written and verbal communication skills and ability to translate these skills to capture content rich issues and drive complex initiatives

• Excellent in PowerPoint and Excel tools

Qualifications and Skills

• Bachelor’s Degree/CFA/FRM preferred

• +3-8 years work experience in financial services industry and / or relevant experience in management consulting

• Experience in new product / business initiative governance and interfacing with multiple cross-functional teams within a Large U.S. Bank or FBO

• Knowledge of Credit, Market, Liquidity and Operational risks

• Ability to think strategically and connect the dots between different areas in the organization

• Analytical mindset to resolve issues in a variety of situations using both qualitative and analytical skills, be able to draw conclusions

• Must have experience working with tight timelines and interfacing with multiple cross-functional teams

• Strong technical, and quantitative analysis skills with knowledge of Microsoft Excel and Word

• Experience working with internal and external teams to develop project scope

• Ability to follow directions and to self-manage and prepare documentation, while managing assigned teams and projects under tight deadline

• Ability to follow directions and to self-manage and prepare documentation, while managing assigned teams and projects under tight deadlines

• Excellent interpersonal, written, and verbal communication skills and the ability to work with colleagues at various levels

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.