Market Risk Governance Associate
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 $95,000.00 and $150,000.00. 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 Associate (ASC) in the Americas Market Risk Management Governance and Coordination Team across Combined U.S. Operations (CUSO), the SMBC Capital Markets Swap Dealer, and Nikko Securities America’s Broker-Dealer entity. This role will focus heavily on issue management, governance coordination, reporting and execution of key regulatory and risk management processes.
This Associate will work closely with the team and senior stakeholders across Risk, Compliance, Legal, Operations, and Front Office to maintain strong governance standards and support market risk issue management process for the Bank, swap dealer, and broker-dealer entities.
This is an excellent role for someone looking to build a long-term career in risk management, governance, or regulatory framework.
Role Responsibilities:
Issue Management & Remediation Support:
- Support the end-to-end issue management lifecycle for regulatory, audit, and internal Management Self-Identified issues
- Track open issues, remediation milestones, evidence, and validation activities across multiple internal (market risk) and external stakeholders
- Ensure root cause analyses, action plans, remediation evidence, and validation align with regulatory and internal standards
- Produce timely and accurate dashboards, metrics, and reporting for senior management and governance committees
- Coordinate with Operational Risk and Internal Audit to ensure alignment with firm wide issue management standards
Risk Governance Process Support:
- Assist in preparing high quality materials for Risk Committees (Tier 1 and 2), Swap Dealer and Broker Dealer oversight forums
- Help review policies, procedures and governance documentation for completeness and consistency
- Track regulatory developments and interpret implications for swap dealer governance, reporting, and risk controls
Qualifications and Skills
Qualifications and Skills
- 3-5 years of experience in risk management, counterparty risk, risk governance, broker-dealer risk, or swap dealer oversight in a large financial institution or consulting firm
- Strong analytical, organizational, and problem-solving skills
- Ability to manage multiple tasks with attention to detail and tight deadlines
- Excellent written and verbal communication skills
Education:
- Required: Bachelor’s degree (BA/BS).
- Preferred: Advanced degree such as MBA or MS in Finance or Risk Management.
Additional Skills:
- Ability to manage multiple responsibilities and prioritize effectively.
- Cultural sensitivity and ability to interact effectively with international colleagues, particularly Japanese expatriates.
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