Operational Risk Associate - #1414477

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 $85,000.00 and $131,000.00. 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

Reporting to the Operational Risk Officer Vice President (VP), Director of Operational Risk, and Head of Non-Financial Risk, the Associate supports the Second Line of Defense Risk Management Department Americas Division’s (RMDAD) Operational Risk and Other Risks Group (ORORG) for the Combined U.S. Operations (CUSO) in accordance with US Regulations, Head Office policies and industry practices for Risk Management.

The Risk Management Department is the Second Line of Defense in its role of monitoring and assessing business practices related to the risk appetite framework for SMBC. Within RMDAD, the Operational and Other Risk Group implements an operational risk framework independent of the businesses’ risk appetite statements. The Associate is responsible for supporting execution of the various Operational Risk Programs across multiple businesses, group companies, and functions of the bank.

Role Responsibilities

• Assist in managing the Risk and Control Self Assessment (RCSA) Program by working with first- and second-line participants to identify and assess risks
• Develop reporting for internal use and governance committees on both a regular and ad-hoc basis
• Participate in the collection of Key Risk Indicators (KRIs)
• Manage the quality of data reported/identified via RCSAs and KRIs including alignment to taxonomies (i.e., process, control, risk, etc.)
• Handle the governance and input of data into the firm’s Governance, Risk and Compliance (GRC) application
• Facilitate the RCSA review and challenge process on a quarterly basis
• Manage the agenda and aggregation of content for the Non-Financial execution forum
• Assist with special projects, when necessary, intended to enhance the Operational Risk Management Framework
  
  

Qualifications And Skills

• 3-5 years of direct work experience preferably within Risk Management
• Foundational knowledge of enterprise Operational Risk Management
• Bachelor’s degree
• Strong organizational skills, with proven ability to successfully manage multiple, concurrent priorities
• Detail oriented with proven ability to question the status quo and apply effective challenge, as appropriate
• Strong interpersonal and communication skills to successfully interface across various levels and maintain solid working relationships
  
  

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 [email protected].