Director, Business Control Officer

Job Level: Director

Job Function: Governance & Assurance

Location:

New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 5581

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 $190,000.00 and $240,000.00. 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.

Responsibilities

Leads and provides expert guidance on assessment of processes and controls across the end-to-end transaction lifecycle, proactively assessing threats, vulnerabilities, and possibility of future incidents.
Performs process re-engineering to improve efficiency and strengthen controls within Securitized Products and Capital Solutions.
Coordinates Specialized Finance Department interactions with 2nd Line of Defense functions, Internal Audit, and Regulators pertaining to processes and controls.
Coordinates management of risk appetite, limits and guideline setting & issue management for Specialized Finance Department.
Performs risk management framework and related risk assessments of Specialized Finance Department, supporting the Coverage and Capital Markets/Structured Finance Solutions Vertical BCO.
Liaises between Specialized Finance Department and control functions to execute on 2nd Line of Defense risk assessments (e.g., RCSAs), as required.
Ensures the business unit is operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with the requirements.
Provides education for Specialized Finance Department staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance.
Assess business-unit level key metrics to ensure operational effectiveness, establish and manage Specialized Finance Department level metrics, supporting the Coverage and Capital Markets/Structured Finance Solutions Vertical BCO's vertical level assessment.
Supports the head of the Specialized Finance Department strategy and product development (incl. new product development) through identification of risk & control considerations, as well as definition & operationalization of risk mitigants.
Ensure that risk management considerations are embedded in Specialized Finance Department processes and strategy.

Qualifications and Skills

Expertise in process design, control frameworks, and process re-engineering.
Strong background in risk assessment, issue resolution, and change management.
Experience in underwriting, syndication, and structured finance processes.
Exceptional leadership, communication, and conflict resolution skills, with the ability to drive cross-functional collaboration.
Prior risk managment within a complex regulatory and financial environment.

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.