Market Risk Governance Manager
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 $135,000.00 and $180,000.00. 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 Overview
The Vice President (VP) in the Americas Market Risk Management Governance and Coordination Team will serve as a key member of the team with responsibility for market risk governance and issue management across Combined U.S. Operations (CUSO), the SMBC Capital Markets Swap Dealer, and Nikko Securities America’s Broker-Dealer entity.
This role provides independent risk oversight, strengthens regulatory governance frameworks, supports new business strategy, and manages the market risk issue remediation lifecycle across multiple regulated entities. The VP will partner closely with Market Risk, Enterprise Risk, Non-Financial Risk, Compliance, Operations, Finance, and Front Office leadership to ensure consistent and sound risk management aligned with U.S. regulatory expectations (FRB, CFTC, FINRA, NFA).
Key Responsibilities:
Risk Governance:
- Support all market risk governance obligations under CFTC Swap Dealer rules, including Risk Management Program (23.600), Supervision (23.602), and overall NFA compliance. Ensure governance compliance with SR11-7, Heightened Standards, and internal Risk Appetite.
- Maintain governance linkages between swap dealer programs and broader CUSO frameworks
- Track regulatory developments and interpret implications for swap dealer governance, reporting, and risk controls
New Business and Issue Management:
- Serve as risk governance lead for new business initiatives across SMBC Capital Markets and Nikko including, new products and cross-entity initiatives
- Strengthen and maintain the risk issue management framework across CUSO Market Risk, the swap dealer, and Nikko Risk
- Lead issue governance, tracking, and compile closure packs of regulatory, audit, and internal risk findings for Market Risk
- 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
- Provide strategic insight and support on business growth plans, infrastructure changes, and regulatory driven initiatives.
- Drive continuous improvement of governance processes, templates, risk reporting and cross-entity and cross-regional coordination
Knowledge and Expertise:
- Demonstrate familiarity with key risk and valuation concepts (VaR, stress-testing, counterparty exposure estimation, documentation and internal controls).
- Strong understanding of regulatory requirements applicable to Swap-Dealer, Broker-Dealer, and Bank entities.
Communication and Leadership:
- Collaborative and solution oriented to work effectively with internal risk management colleagues and leadership.
- Highly structured, analytical thinker with deep attention to detail.
- Demonstrate strong ownership and ability to execute complex initiatives.
Qualifications and Skills
- 5–10 years of experience in market risk, counterparty risk, risk governance, broker-dealer risk, or swap dealer oversight in a large financial institution.
- Strong writing, communication, and relationship building skills
- Proven ability to partner across functions and drive complex issue remediation efforts.
Education:
- Required: Bachelor’s degree (BA/BS).
- Preferred: Advanced degree such as MBA or MS in Finance or Risk Management.
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