Risk Assessment and Scenario Design Associate
Apply NowCompany: Sumitomo Mitsui Financial Group, Inc.
Location: White Plains, NY 10605
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 $90,000.00 and $125,000.00. 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
Role Objectives: Delivery
Ensure review of Issues Management across different types of risks (credit, market, liquidity, operational) and sub-components of those risks (concentration, company / industry / sovereign default probabilities, yield, convexity, duration, and FX, availability, cyber, privacy, etc.).
Ensure Issue Management process is aligned to broader functions including RCSA, and CRA processes.
Accumulate / prepare reporting to measure Issues across units and as an entity.
Ensure operating policies and procedures are documented and updated as required
Role Objectives: Interpersonal
Develop relationships with units such as finance, compliance, legal and IT to improve workflows and data gathering / sharing. Support the unit's work with industry specialists, country risk managers, credit review / analysis staff and relationship managers to determine and evaluate potential risks and efficacies of policies and procedures. Begin to network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.
Role Objectives: Expertise
Demonstrate a basic knowledge of the overall business to assist in the design of relevant controls / thresholds and analysis. Demonstrate a solid knowledge of risk frameworks, principles, types and exposures to help create meaningful exception reporting, including analysis of risk / rewards. Have a general understanding of information technology and project management in order to best partner with colleagues in the ongoing tracking of risks. Apply modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Communicate analytical data effectively.
Qualifications and Skills
Recommended years of experience: 3
Additional Requirements
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 accommodations@smbcgroup.com.
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 $90,000.00 and $125,000.00. 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
- Support the team in the Issue Management Lifecyle.
- Support the team in Risk Appetite and Risk Identification related processes
Role Objectives: Delivery
Ensure review of Issues Management across different types of risks (credit, market, liquidity, operational) and sub-components of those risks (concentration, company / industry / sovereign default probabilities, yield, convexity, duration, and FX, availability, cyber, privacy, etc.).
Ensure Issue Management process is aligned to broader functions including RCSA, and CRA processes.
Accumulate / prepare reporting to measure Issues across units and as an entity.
Ensure operating policies and procedures are documented and updated as required
Role Objectives: Interpersonal
Develop relationships with units such as finance, compliance, legal and IT to improve workflows and data gathering / sharing. Support the unit's work with industry specialists, country risk managers, credit review / analysis staff and relationship managers to determine and evaluate potential risks and efficacies of policies and procedures. Begin to network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.
Role Objectives: Expertise
Demonstrate a basic knowledge of the overall business to assist in the design of relevant controls / thresholds and analysis. Demonstrate a solid knowledge of risk frameworks, principles, types and exposures to help create meaningful exception reporting, including analysis of risk / rewards. Have a general understanding of information technology and project management in order to best partner with colleagues in the ongoing tracking of risks. Apply modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Communicate analytical data effectively.
Qualifications and Skills
Recommended years of experience: 3
Additional Requirements
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 accommodations@smbcgroup.com.