Head of Liquidity Risk 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 Liquidity Risk 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 Liquidity Risk Oversight will play a key role within the organization and will lead a team of approximately 15 risk professionals with a mandate to oversee liquidity risk for the ~$300B combined balance sheet across different legal entities and jurisdictions in the region.  

The position requires deep expertise in liquidity risk management, regulatory frameworks, and stress testing, as well as strong leadership and stakeholder management skills.

Role Objectives:

•    Lead a team of risk management professionals specialized in liquidity risk. Set the vision and strategic direction of the team, establish ambitious goals, and manage the team to ensure execution.
•    Perform ongoing independent oversight of the funding and liquidity position of SMBC branches and legal entities in the Americas region. 
•    Execute ongoing review and challenge of the liquidity risk management framework. Execute a comprehensive annual review of the framework and perform ad-hoc reviews when elements of the framework change or when required by changes in market or internal conditions.  
•    Identify enhancement areas in the liquidity risk framework and ensure enhancement plans are defined and implemented.
•    Participate in regional liquidity risk committees and governance forums.
•    Prepare and present liquidity risk analyses and reports to senior management, regional boards, and global risk committees, as required.
•    Ensure timely escalation of liquidity risk 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 liquidity 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 liquidity risk management.

Qualifications and Skills

•    10+ years of liquidity risk experience in the first- or second-line groups of large U.S. banks or FBOs.
•    Strong background in financial markets and products.
•    Extensive understanding of balance sheet products and risks, including the products’ impact on funding and liquidity risk.
•    Deep knowledge and understanding of U.S. regulatory requirement for liquidity risk (e.g., Reg YY, SR 10-6, Reg WW); familiarity with other bank regulations (e.g., Reg W, Reg A, SR 12-7, SR 16-3) 
•    Extensive experience in interacting with U.S. supervisors is required.
•    In-depth expertise on regulatory metrics for liquidity risk such as LCR and NSFR; familiarity with 2052a report requirements. 
•    Deep knowledge of methods and approaches used for the quantification of liquidity risk. These include but are not limited to cash flow forecasting, liquidity risk metrics, liquidity stress testing, sensitivity analyses, and operational deposit modeling. 
•    Familiarity with Contingency Funding Plan requirements and liquidity elements of recovery and resolution planning, including RLAP and RLEN metrics and related frameworks.
•    Experience in setting or assessing adequacy of funding and liquidity risk 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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