Cash Management Risk VP
New York, NY, US, 10172
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 $135,000.00 and $181,000.00. 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 Vice President, Business Risk will support the Business Risk Manager in enhancing the risk management framework for SMBC’s Cash Management division. This role plays a critical part in enabling the division’s transformation by proactively identifying and resolving risk issues, thinking creatively to address emerging challenges, and remaining agile in a fast-evolving product and platform environment. The ideal candidate will bring strong experience in transaction banking, risk governance, and regulatory compliance, with a collaborative and forward-thinking mindset.
Role Objectives: Delivery
- Support the development and execution of risk strategies aligned with the Cash Management division’s transformation goals.
- Proactively identify, assess, and resolve operational and regulatory risks across the Cash Management products and platforms.
- Demonstrate agility and adaptability in a dynamic environment, contributing to the successful transformation of digital cash management solutions.
- Think creatively and challenge conventional approaches to risk management, offering innovative solutions to complex problems.
- Collaborate with internal stakeholders across Risk, Compliance, Technology, and Product teams to ensure effective risk controls.
- Monitor and report on operational risk exposures, ensuring timely escalation and resolution.
- Contribute to the enhancement of governance structures and risk oversight processes.
- Ensure compliance with AML, KYC, and transaction monitoring regulations, including NACHA guidelines.
- Prepare and refine risk reporting for senior management and supervisory committees.
- Stay current on regulatory developments and industry best practices to inform risk management strategies.
Qualifications and Skills
- 7+ years of experience in financial services, with a focus on risk management, compliance, or transaction banking.
- Strong understanding of operational risk, financial crime prevention, and regulatory frameworks (AML, KYC, NACHA).
- Familiarity with cash management products and services.
- Demonstrated ability to be nimble and responsive in a rapidly changing environment.
- Excellent analytical, organizational, and communication skills.
- Proven ability to think outside the box and influence stakeholders with innovative ideas.
- Bachelor’s degree in Finance, Business, Risk Management, or a related field.
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.
Nearest Major Market: New York City