Executive Director, Head of Functions Control Officer

Job Level:  Executive Director
Job Function:  Governance & Assurance

New York, NY, US, 10172

Employment Type:  Full Time
Requisition ID:  2986

 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 Rail Services LLC, Manufacturers Bank, 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 $230,000.00 and $274,000.00. 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.

Job Summary

The Head of Functions Control Officer is a leader, change agent, and risk management expert. The role provides the Functional areas with expert guidance on processes and control design, ensures effective assessment of risk across the broader operating environment, and supports interaction between the Functions and 2nd LoD, including Risk Management and Compliance. Head of Functions Control Officer oversees each Functional area Control Officer within the Americas Division to include Control Officers covering Operations, Technology, Information Security, Data, Finance, HR, etc. to drive continuous improvement to address risk and control considerations across the operating environment.


The Head of Functions Control Officer will report to the Head of the Control Office, Americas Division.  The Head of Functions Control Officer is responsible for the full scope of processes & controls within each Function. This role may have 5 to 10 direct/indirect reports (Function-level Control Officers).

Primary Responsibilities

  1. Leads and provides expert guidance on assessment of processes and controls across the Functional areas within the Americas Division, proactively assessing threats, vulnerabilities, and possibility of future incidents                          
  2. Directs process re-engineering to improve efficiency and strengthen controls across the Functional areas within the Americas Division                                
  3. Coordinates and supports interactions with 2nd Line of Defense, Internal Audit, and Regulators pertaining to processes and controls                                
  4. Oversees implementation of risk management frameworks and related risk assessments of 1st LoD Functions executed by subordinate Control Officers                                
  5. Leads educational efforts for 1st LoD staff across the Functions to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance          
  6. Ensure that the Functions are operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with requirements                                
  7. Supports the Functions in the development of policies and procedures to enhance control environment                                
  8. Provides business units with SME knowledge and expertise in the implementation of their programs                                 
  9. Assess key metrics to ensure operational effectiveness, establish and manage Function-level metrics                                
  10. Support Functions strategic initiatives and projects through identification of risk & control considerations, as well as definition and operationalization of risk mitigants                              
  11. Supervises Function-level BCO staff in their process & control-related objectives, including risk assessment (RCSA), issue management, root cause analysis, control testing and process and control assessments                                
  12. Ensure that risk management considerations are embedded in daily processes and business strategy; identifies and reports on new/emerging risks                                
  13. Produces or supervises production of management reporting and presents escalation items to Management committees                                

Critical Job Knowledge and Core Copetencies/Skills

  1. Expert knowledge of process and control design, including process mapping and process reengineering                                
  2. Expert knowledge of risk assessment and issue management                                
  3. Expert knowledge of change management and continuous process improvement practices                                
  4. Expert knowledge of banking and finances business and functional support areas                                 
  5. Executive-level leadership, communication, and strategy-development ability, inclusive of conflict resolution and project management abilities                                

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable 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