Non-Financial Risk (Technology and Cyber Risk Management) Vice President
Apply NowCompany: Sumitomo Mitsui Financial Group, Inc.
Location: Jersey City, NJ 07305
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 $143,000.00 and $185,000.00. 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
The Risk VP role supports the operationalization of the Information Technology (IT) and Cybersecurity risk management framework for the SMBC Group Americas Division (AD), in accordance with applicable regulations, home office policies and industry practices for risk management.
The Risk Management Department (RMDAD) is the second line of defense in its role of monitoring and assessing business practices as related to the risk appetite framework for SMBC. Within the RMDAD, the Non-Financial Risk (NFR) establishes an IT & cyber risk management and resilience oversight frameworks with defined roles and responsibilities across first and second lines. The Risk VP is responsible for providing second line review and challenge as part of the framework execution.
Role Responsibilities
Supports the review and challenge of the 1st LOD risk identification, assessment, mitigating activities, and overall operational risk profile as it relates to IT, data management and cybersecurity risks
Provides review and challenge on IT, data management and cybersecurity policies, standards, control framework, risk metrics/indicators, risk and control self-assessment ("RCSA")
Understands changes related to regulatory, new product/initiative, processes, controls, events, issues, etc., in the IT, data management and cybersecurity that may impact the operational risk profile of the bank
Prepare IT, data management and cybersecurity risk reporting for risk committee and support management on board-level oversight
Qualifications and Skills
Well-versed in technology & cyber risk and resilience practices with the ability to connect and align with the firm's operational risk management processes and operational resilience framework
5+ years of direct work experience within the financial services industry, focused on IT risk management, regulatory/audit, information technology and cybersecurity experience
Foundational knowledge of enterprise risk management industry practices including project management, and risk control self-assessments
Subject matter expertise in two or more IT/Cyber programs (e.g., vulnerability management, access management, SDLC, application security, asset management
Working knowledge of technology and cyber risk management process and controls, industry practices and framework (e.g. NIST, ISO, COBIT).
Board committee reporting experience with strong writing skills and attention to detail
Strong organizational skills, with proven ability to successfully manage multiple, concurrent priorities. Ability to work effectively in a matrixed environment and across various organizational levels, where flexibility, collaboration, and adaptability are important
Foundational knowledge of IT/Cyber regulatory guidance/regulations (North America, APAC preferred)
Strong desire to continually deliver a quality and meaningful work product in a timely and efficient manner
Bachelor's/University degree, Master's degree preferred
CISA, CISM, CISSP, or other IT risk/IT security certifications preferred
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 $143,000.00 and $185,000.00. 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
The Risk VP role supports the operationalization of the Information Technology (IT) and Cybersecurity risk management framework for the SMBC Group Americas Division (AD), in accordance with applicable regulations, home office policies and industry practices for risk management.
The Risk Management Department (RMDAD) is the second line of defense in its role of monitoring and assessing business practices as related to the risk appetite framework for SMBC. Within the RMDAD, the Non-Financial Risk (NFR) establishes an IT & cyber risk management and resilience oversight frameworks with defined roles and responsibilities across first and second lines. The Risk VP is responsible for providing second line review and challenge as part of the framework execution.
Role Responsibilities
Supports the review and challenge of the 1st LOD risk identification, assessment, mitigating activities, and overall operational risk profile as it relates to IT, data management and cybersecurity risks
Provides review and challenge on IT, data management and cybersecurity policies, standards, control framework, risk metrics/indicators, risk and control self-assessment ("RCSA")
Understands changes related to regulatory, new product/initiative, processes, controls, events, issues, etc., in the IT, data management and cybersecurity that may impact the operational risk profile of the bank
Prepare IT, data management and cybersecurity risk reporting for risk committee and support management on board-level oversight
Qualifications and Skills
Well-versed in technology & cyber risk and resilience practices with the ability to connect and align with the firm's operational risk management processes and operational resilience framework
5+ years of direct work experience within the financial services industry, focused on IT risk management, regulatory/audit, information technology and cybersecurity experience
Foundational knowledge of enterprise risk management industry practices including project management, and risk control self-assessments
Subject matter expertise in two or more IT/Cyber programs (e.g., vulnerability management, access management, SDLC, application security, asset management
Working knowledge of technology and cyber risk management process and controls, industry practices and framework (e.g. NIST, ISO, COBIT).
Board committee reporting experience with strong writing skills and attention to detail
Strong organizational skills, with proven ability to successfully manage multiple, concurrent priorities. Ability to work effectively in a matrixed environment and across various organizational levels, where flexibility, collaboration, and adaptability are important
Foundational knowledge of IT/Cyber regulatory guidance/regulations (North America, APAC preferred)
Strong desire to continually deliver a quality and meaningful work product in a timely and efficient manner
Bachelor's/University degree, Master's degree preferred
CISA, CISM, CISSP, or other IT risk/IT security certifications preferred
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.