Capital Risk Calculation Analysis Reporting Director

Sumitomo Mitsui Banking Corporation (SMBC)
remote work
United States, New York, New York
277 Park Avenue (Show on map)
Nov 04, 2024
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 $198,000.00and $231,000.00. 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 seeks a Director to lead the 'Capital Risk Calculation Analysis & Reporting Group' within the Enterprise Risk Stripe of Risk Management Department Americas Division (RMDAD). The Director will manage 2 teams within the Capital Risk Calculation Analysis & Reporting Group: the 'FRTB-SA (Fundamental Review of the Trading Book-Standardized Approach) Team' and 'Stress Testing Team.' The scope of reporting for these teams is primarily SMBC's Combined U.S. Operations (CUSO), however some reporting for other SMBC affiliates, including Head Office in Tokyo, are also in scope. This position will report to the Head Team Lead (Executive Director) of Market Risk Reporting. The Director has a keen understanding of proposed FRTB Market Risk regulatory reporting requirements, including calculation methodologies comprising the Standardized Approach. Additionally, the Director has a deep understanding of Market Risk stress testing mechanics and stress scenarios. Role Responsibilities: * Leads 2 Market Risk reporting teams while ensuring accurate, complete, and timely report submissions, including Market Risk capital calculations * Drives enhancements to improve Market Risk capital aggregation and reporting processes * Develops, implements, and maintains risk controls for Japan and U.S. FRTB-SA reporting processes * Enhances CUSO Market Risk stress test processes and scenario generation capabilities * Ensures compliance with regulatory reporting requirements and best practices, including BCBS 239 principles * Prepares and presents risk committee meeting materials to internal stakeholders and regulators * Provides regular status updates to senior management and escalates issues timely, as necessary * Updates and ensures compliance with Market Risk reporting documents * Manages ad-hoc projects as necessary Qualifications and Skills BA/ BS degreerequired.MS/MA preferred. 10 Years relevant experience required. * Bachelor's degree, preferably in finance, business administration, or related field * At least 5 years of experience in a Market Risk analysis and reporting role in the banking industry * Preferred: Understanding of programming language including, SQL, Python, R, C++ * Proficient in VBA and visualization tools such as PowerBi and Powerpoint * Familiarity with commonly used databases for data aggregation, including Microsoft SQL, MySQL, and Oracle * Expert knowledge of Market Risk stress testing methodologies and stress scenarios * Deep understanding of Basel 2.5 / Basel III Market Risk capital calculation methodologies and reporting requirements with ability to explain changes to senior management * Strong knowledge of Market Risk reporting best practices as prescribed in BCBS 239 principles * Solid understanding of financial products and their risks; including, but not limited to, interest rate swaps, swaptions, caps/floors, corporate bonds, CDS, and Treasuries * Ability to communicate appropriately at every level of the organization, including risk peers, business partners, technology teams, and senior management * Strong organizational skills, with proven ability to successfully manage multiple, concurrent priorities * Team player that demonstrates and promotes a positive team culture 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. 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. 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.