Head of Capital Management Oversight

Role Description

Sumitomo Mitsui Banking Corporation(“SMBC”) is seeking an Executive Director to join the Treasury Risk Management group as Head of Americas Division Capital Management Oversight. 

The Treasury Risk Management group is a risk function within the Risk Management Department Americas Division (RMDAD) that oversees the treasury risks and balance sheet strategy of SMBC branches and subsidiaries in the region; the group provides risk oversight that extends to liquidity risk, interest rate risk in the banking book, and capital management, and independently assesses business strategies that impact these risks. The mandate of the group is to ensure that all treasury risks are adequately identified, measured, controlled, monitored and reported.

The group works closely with the SMBC risk management department in Tokyo Head Office that oversees SMFG $2+ Tr. balance sheet risks.

The Head of Americas Division Capital Management Oversight will play a key role within the organization and will lead a small team with a mandate to oversee capital adequacy and capital management across different legal entities and jurisdictions in the region.  

The position requires knowledge of bank capital regulatory framework and capital adequacy requirements, as well as CCAR and capital stress testing, and capital planning. Strong leadership and stakeholder management skills are required to be successful in this role. 

Role Objectives:

•    Build a small team of risk management professionals specialized in bank capital, capital management strategies, and stress testing. 
•    Define the team vision, scope, and targets and implement them. Establish a structured program for the independent oversight of capital management.
•    Perform ongoing independent oversight of capital ratios and capital management strategies and plans (baseline and stress projections) for relevant SMBC entities in the Americas region.  
•    Execute ongoing review and challenge of capital ratios (CET1, Tier 1, Total Capital, Leverage), risk-weighted assets (RWA), leverage assets, and buffers.  
•    Identify enhancement areas in the capital risk framework and ensure enhancement plans are defined and implemented.
•    Participate in regional capital risk committees and governance forums.
•    Prepare and present analyses and reports to senior management, regional boards, and global risk committees, as required.
•    Partner with Treasury, Finance, Risk, and Business leadership to challenge capital actions and ensure prudent balance-sheet management.
•    Ensure timely escalation of capital management issues and limit breaches to appropriate stakeholders.
•    Promote continuous enhancement of the oversight framework established by the independent second line risk function. 
•    Act as the primary point of contact for regional regulators on capital risk matters related to the second line function.
•    Ensure proper set up and documentation of the team’s processes. Strive for process automation and ensure efficiencies in the team’s operations.
•    Establish collaborative relationship with the first line Treasury functions; provide support and risk advice while maintaining independence.  
•    Build and maintain relationships with business partners and foster a risk culture through the organization. 
•    Interact with colleagues in Tokyo Head Office and in other regions (i.e., EMEA, APAC) to ensure coordination of methodologies and approaches for capital management oversight.

Qualifications and Skills

•    10+ years capital management, regulatory capital, stress testing, treasury, or risk management experience in the first- or second-line groups of large U.S. banks or FBOs.
•    Strong background in financial markets and products required.
•    Extensive understanding of balance sheet products and risks, including the products’ impacts on baseline and stress capital ratios.
•    Deep knowledge and understanding of U.S. regulatory requirements (e.g., U.S. Regulatory Capital Rule, enhanced standards, CCAR framework and stress capital buffer). Familiarity with Canadian and LATAM regulatory capital regimes a plus.
•    Deep knowledge of capital framework, CCAR/DFAST, RWA methodologies (credit, market, operational), and leverage ratio
•    Experience in engaging with U.S. regulators is required.
•    Familiarity with Contingency Capital Plan requirements and capital elements of recovery and resolution planning, including RCAP and RCEN metrics and related frameworks.
•    Experience in setting or assessing adequacy of internal capital limits. 
•    Proven experience in leading risk management teams, defining the team vision, and achieving strategic goals.
•    Strong leadership and interpersonal skills are required. Strategic thinking with ability to influence at senior levels.
•    Extremely organized and structured with strong project planning skills and ability to deliver under tight deadlines.
•    Excellent verbal and written communication skills with the ability to manage a variety of projects simultaneously.

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