Capital Management Oversight Risk

Sumitomo Mitsui Banking Corporation (“SMBC”) is seeking an Associate to join the Capital Management Oversight team within the Treasury Risk Management group. The Treasury Risk Management group is a risk function within the Risk Management Department Americas Division (RMDAD) and oversees the treasury risks and balance sheet strategy of SMBC branches and subsidiaries in the region. The group provides risk oversight that extends to liquidity risk, interest rate risk in the banking book, and capital management, and independently assesses business strategies that impact these risks. The mandate of the group is to ensure that all treasury risks are adequately identified, measured, controlled, monitored, and reported. The group works closely with the SMBC risk management department in Tokyo Head Office that oversees SMFG $2+ Tr. balance sheet risks.

About the role

The Capital Management Oversight Associate will report to the Head of Americas Division Capital Management Oversight and will support the independent oversight of capital adequacy and capital management across different legal entities and jurisdictions. The position requires familiarity with bank capital regulatory frameworks and capital adequacy requirements; the role offers an excellent opportunity to learn, contribute to the team oversight, and connect and work with different stakeholders in the organization.

Responsibilities

• Independent oversight of capital ratios and capital adequacy, capital management strategies and plans for relevant SMBC entities in the Americas region.
• Execute ongoing review and challenge of capital ratios (e.g., CET1, Tier 1, Total Capital, Leverage), risk-weighted assets (RWA), leverage assets, and buffers.
• Prepare and present analyses and reports to senior management.
• Ensure timely escalation of capital management issues and limit breaches to appropriate stakeholders.
• Promote continuous enhancement of the second line risk oversight framework.
• Support engagement with regional regulators on capital risk matters related to the second line function.
• Ensure proper set up and documentation of the team’s processes.
• Strive for process automation and ensure efficiencies in the team’s operations.
• Establish collaborative relationship with the first line Treasury functions; provide support and risk advice while maintaining independence.
• Build and maintain relationships with business partners and foster a risk culture through the organization.

Requirements

• 2+ years capital management, regulatory capital, stress testing, treasury, or risk management experience in the first- or second-line groups of large U.S. banks or FBOs.
• Understanding of U.S. regulatory capital requirements.
• Understanding of financial markets and products required.
• Familiarity with banks’ capital framework, CCAR / stress testing, RWA methodologies (credit, market, operational), and leverage ratio construct.
• Extremely organized and structured with strong project planning skills and ability to deliver under tight deadlines.
• Excellent verbal and written communication skills with the ability to manage a variety of projects simultaneously.

Schedule

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. 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.

Pay

The anticipated salary range for this role is between $90,000.00 and $135,000.00. 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.

Benefits

In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.