Vice President, Liquidity Risk

Job Level: Vice President

Job Function: Reporting & Analytics

Location:

New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 4260

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 $143,000.00 and $185,000.00. 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.

Job Summary

This role will be in the Liquidity Management Function, which is part of the Corporate Treasury within the SMBC Americas Division. The candidate will be part of an ongoing Treasury transformation, and drive efforts related to Position Management & Analytics across the Consolidated U.S. Operations (CUSO). Reporting to the head of Position Management and Analytics, the candidate will be expected to build strategies to manage the liquidity positions, collaborate with Markets Treasury, Operations, Technology, Risk, and Business lines, and monitor the end-of-day liquidity position on a daily basis. The candidate will become a core member of the group and operate in an exciting, fast-paced team environment.

Scope

The Liquidity Management function sits in the Treasury Function of the New York Branch within the SMBC Americas division. The incumbent will support the Director as an independent, critical thinker and drive various initiatives. Additionally, the candidate will be expected to effectively collaborate with cross-functional teams, drive change, and conduct activity with a risk-owner mindset.

Primary Responsibilities

Own liquidity monitoring/management and escalation protocols for breaches set forth in the Contingency Funding Plan and collaborate with Risk on document updates related to the stress continuum. Additionally, execute the annual CFP test by collaborating with the Funding teams, Business, and Risk.
Conduct full scope assessment of the CUSO-wide intercompany framework and evaluate cross-entity frictions that could impede the flow of liquidity. Document known frictions and leverage analysis for resolution and recovery planning.
Develop financial analysis capabilities for the firm's resolution and recovery planning
Participate in the New Products Process from a Treasury perspective by raising inquiries with the business and clearly communicating downstream impacts on funding/liquidity to management. Design the first line liquidity new products template as part of the CUSO Treasury transformation.
Produce senior management committee oversight materials on liquidity position updates, liquidity metrics framework, funding strategies, etc.
Develop strong partnerships with key stakeholders to adequately understand the liquidity position, continuously identify trends/risks, and follow position escalation protocols appropriately.
Support SMBC in any exams or requests from the Federal Reserve Bank and/or other regulators and serve as the SME as it pertains to Position Management & Analytics from a first line standpoint; and address internal findings issued by lines of defense.
Compliance with the firm's code of conduct and adhere to proper controls policies and procedures which are applicable.

Critical Job Knowledge and Core Competencies/Skills

Proven ability to drive initiatives from start to finish under pressure and a fast-moving environment and to deliver quality results that can withstand regulatory scrutiny
Experiences and knowledge in Contingency Funding Plan and Resolution and Recovery Planning preferred
Intellectually curious with strong analytical skills and functional knowledge of financial markets products.
Prior mentorship experiences; ability to manage projects where effective cross collaboration with individuals with different skillsets is required
Ability to build engagement by consulting with and involving others across SMBC
Proactively identifies process improvements and develops meaningful solutions to achieve improvements
Prior experiences in liquidity management or core treasury function at financial institution preferred
Familiarity with banking regulations related to liquidity is preferred

Qualifications and Skills

Work Experience: 5-7 years of comparable or relevant experience

Education: BA/BS or equivalent experience

Business fluency in English

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.