Sustainability and Climate Risk Manager

Company

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.

Role Description

Sustainability and Climate Risk Management Vice President

This position sits within the Enterprise Risk Management of SMBC’s Risk Management Department, which is the 2nd line of defense independent risk management function for the bank. As a Sustainability and Climate Risk Management Vice President, you will play an important role in the buildout of SMBC AD’s Sustainability and Climate Risk management program. This program supports the bank in its decarbonization transition and to measure and embed sustainability and climate risk considerations throughout the business and risk management. You will support bank’s climate-related financial risk regulatory reporting and disclosure to meet Federal & State regulatory expectations. You will work with leaders across risk disciplines and business units to develop climate-related financial risk management methodologies and analytic tools. You will also help advise senior leaders in Risk, Business, and Regulatory Compliance functions on the operation of their businesses in a manner consistent to SMBC’s climate policies, targets, and goals. Additionally, the role will involve close partnership with the firm’s Technology functions to develop and implement the required systems and processes to support achieving the goal of climate change into all business areas.

Role Objectives

Role Objectives:

• Climate -related Financial Risk Management Strategy:
  • Develop and execute the bank's strategy for climate-related financial risk assessment and analytics.
• Regulatory Compliance & Reporting:
  • Partner with relevant corporate functions, e.g. regulatory reporting, legal, compliance, sustainability, risk verticals, to prepare climate-related financial risk reporting and disclosure under Federal & State regulatory guidelines.
  • Analyze and understand relevant regulations and best practices related to climate-related financial risk. Perform regulatory gap analysis of emerging regulatory expectations.
  • Develop remediation strategies, implement changes, monitor progress, and regularly review relevant procedures to address potential future regulatory gaps.

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• Data:
  • Oversee the collection, processing, and analysis of climate-related data.
  • Ensure the integration of climate data with existing financial and risk data systems.
• Stakeholder Engagement:
  • Collaborate with internal teams, including credit risk, liquidity risk, operational risk, market risk, and sustainability team, to align climate-related financial risk management efforts.
  • Engage with external stakeholders, including regulators, investors, and industry groups, on climate risk issues.
• Continuous Improvement:
  • Stay informed of the latest developments in climate science, financial risk management, and regulatory requirements.
  • Drive continuous improvement in climate-related financial risk modelling methodologies and processes.
  • Foster a culture of innovation and excellence within the Sustainability and Climate Risk Management team.

Qualifications

• Education:
  • Master’s or Ph.D. in Finance, Economics, Environmental Science, Climate Science, or other quantitative fields. BA/BS with 5+ years’ direct climate-related financial risk management and reporting experience will also be considered.
• Experience:
  • Minimum of 3+ years direct experience in climate-related financial risk management and reporting.
  • Significant expertise and strong track record in climate-related financial risk presentations, reporting and relevant document preparation.
  • In-depth knowledge of climate risk factors, financial markets, and regulatory requirements.
  • Hands-on experience in climate scenario analysis and stress testing.
  • Understanding models, scenario analysis and stress testing processes in each risk stripe such as credit, liquidity, operational, and market risk.
  • Good understanding of usage of climate scenario analysis in business applications and its integration into various risk categories such as credit, liquidity, etc.
  • Experience in climate-related financial risk appetite metrics.

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• Accountability:
  • Take full responsibility for the end-to-end management of assigned projects, ensuring that all tasks are completed to the highest standard. Demonstrate a proactive approach in driving projects forward, anticipating challenges, and addressing issues promptly.
  • Exhibit a strong commitment to meeting deadlines and delivering high-quality work. Maintain a disciplined approach to project timelines, consistently managing priorities and resources to achieve project goals without compromising on quality.
• Skills:
  • Expertise in sustainability and climate risk techniques and financial risk assessment.
  • Strong understanding of climate risk and its implications for financial markets.
  • Proficiency in relevant software and programming languages (e.g., SQL, Python/R, Power BI, EXCEL VBA, etc.).
  • Excellent communication and presentation skills.
  • Ability to work collaboratively with cross-functional teams.