Liquidity Risk Associate

Job Level: Associate

Job Function: Reporting & Analytics

Location:

New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 3747

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 $90,000.00 and $135,000.00. 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

Risk Management in SMBC Capital Market, Inc has an opening for an Associate for Liquidity Risk.  This position resides within the Liquidity Risk Strategy Team.  The Liquidity Risk Associate will provide facilitation of cross regional liquidity risk projects including Head Office Communication and Internal/External Oversight Requirements. The Associate will combine their working knowledge of liquidity risk collaborating with relevant stakeholders.

Role Objectives: Delivery

The individual’s primary job responsibilities are to drive liquidity risk planning initiatives across CUSO related to group companies.

The individual is expected to appropriately escalate risk-related matters in a timely manner to the Head of Liquidity Risk Strategy

Collaborates on developing and enhancing liquidity risk management and risk governance frameworks for CUSO
Facilitates communication with the Head Office in Tokyo to establish a consistent global liquidity risk governance framework for SMBC.
Assists the Head of Liquidity Risk Strategy in performing annual, quarterly, and monthly risk governance tasks, including risk limit review and assessment, as required by policy and regulations.
Support the oversight of all front office and other risk groups concerning liquidity risks and seek approval for various risk-related limits and reports from SMBC Tokyo and relevant regulators.
Collaborate with LRO and IRF functions to effectively execute 2nd line oversight and monitoring of 1st line liquidity risk activities.

Role Essential Functions:

Knowledge

Working Knowledge of liquidity Risk and liquidity risk related regulation, ESP Reg YY
Previous experience working with ILST, CFP, Cashflow Forecasting

Communication and Leadership

Excellent communication, leadership, and relationship-building skills for working with internal departments, affiliates, Head Office, and regulatory bodies.
Expertise in collaborating with internal risk management colleagues and leaders across all subsidiaries and globally.
Strong reasoning ability to understand complex situations, people, and system needs within a risk management environment.
Strong analytical skills with great attention to detail
Strong project management skills and the ability to work independently.

Key Competencies / Skills

30%: Knowledge of liquidity risk management frameworks (e.g., banking products/activities, liquidity stress testing, Reg YY, Reg W, ALM operations) in the US and Japan.
30%: Strong analytical skills (qualitative and quantitative), intellectual curiosity, excellent problem-solving abilities, and attention to detail.
30%: Excellent written and verbal communication skills, ability to capture content-rich issues and drive complex initiatives, and proficiency in PowerPoint for distilling and visualizing complex issues for executive, senior, and technical audiences.
10%: Ability to work well across functions, capture multiple points of view, render information actionable, and ensure prompt follow-up.

Qualifications and Skills

Work Experience: 3- 5 years of experience in liquidity risk or closely risk-related role.
Language Skills: Business fluency in English
Software Systems / Programming Languages: Working knowledge of VBA, and Microsoft Office
Education: Required – BA / BS

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.

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.