Director, Securitized Products & Capital Solutions - Business Control Officer
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 $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.
Role Description
The Securitized Products and Capital Solutions Business Control Officer is primarily an individual contributor. The Securitized Products and Capital Solutions BCO is responsible for the full scope of Securitized Products and Capital Solutions processes & controls. The Securitized Products and Capital Solutions BCO reports directly to the Coverage and Capital Markets/Structured Finance Solutions Vertical Business Control Officer.
Role 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 Securitized Products and Capital Solutions 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 Securitized Products and Capital Solutions.
• Performs risk management framework and related risk assessments of Securitized Products and Capital Solutions, supporting the Coverage and Capital Markets/Structured Finance Solutions Vertical BCO
• Support 1st LoD via performance of issue management & root cause analysis
• Liaises between Securitized Products and Capital Solutions 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 Securitized Products and Capital Solutions staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance
• Oversee 1st LoD activities and assist specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs within the Securitized Products and Capital Solutions.
• Assess business-unit level key metrics to ensure operational effectiveness, establish and manage Capital Solutions Group level metrics, supporting the Coverage and Capital Markets/Structured Finance Solutions Vertical BCO's vertical level assessment
• Supports the head of the Securitized and Capital Solutions 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 Securitized Products and Capital Solutions processes and strategy
Qualifications and Skills
- Process and control design, including process mapping and process reengineering
- Experiece with of risk assessment, issue management and change management and continuous process improvement practices
- Prior knowledge with underwriting and syndication processes of Collateralized Loan Obligations issuance process
- Knowledge of Capital Markets, CLO, Loans compliance and risk management requirements & best practices
- Strong leadership and communication ability, inclusive of conflict resolution and project management abilities
- 5-7 years of specialized experience in Financial Services
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