Director - Risk Management Regulatory Reporting
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 $178,000.00 and $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
The Director of Risk Management will lead the governance, framework design, and production of Schedule L for FR Y-14Q regulatory stressed and unstressed submissions along with FRY-14A reporting. This role is responsible for establishing a robust reporting infrastructure, building sustainable processes and systems, and coordinating cross-functional inputs across Risk, Finance, Technology, and Front Office teams. The individual will ensure accurate, timely, and well-controlled submissions aligned with regulatory expectations and internal governance standards.
Role Responsibilitiesy
• Own the end-to-end preparation and submission of Schedule L for FR Y-14Q regulatory stressed and unstressed submissions along with FRY-14A reporting
• Establish and maintain a comprehensive reporting framework covering data sourcing, calculations, controls, documentation, and submission timelines.
• Ensure compliance with regulatory guidance and evolving supervisory expectations.
• Design and implement a scalable operating model for Schedule L production.
• Partner with Technology to develop or enhance systems and data pipelines supporting regulatory reporting.
• Implement governance processes for data validation, issue management, and documentation.
• Coordinate attestations and sign-offs from key stakeholders across Risk and Front Office.
• Act as a central point of contact for questions related to Schedule L methodology, assumptions, and reporting requirements.
• Address findings and implement remediation actions related to reporting processes and controls.
Qualifications and Skills
• 10+ years of experience in risk management, regulatory reporting, or stress testing within a large financial institution.
• Deep familiarity with FR Y-14A / FR Y-14Q reporting requirements, particularly Schedule L.
• Strong understanding of capital stress testing frameworks, regulatory reporting controls, and governance practices.
• Experience building reporting frameworks, data processes, and regulatory infrastructure.
• Proven ability to work across multiple stakeholders including Risk, Finance, Technology, and Front Office.
• Strong analytical, project management, and communication skills.
• Experience managing regulatory exams, audit interactions, and issue remediation.
• Experience supporting CCAR / stress testing regulatory processes.
• Prior experience leading cross-functional initiatives in a complex banking 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.
Nearest Major Market: New York City