Risk Quality Control Program Lead (Remote)
AZ, US SC, US IL, US NY, US VA, US CA, US MA, US DE, US NJ, US NC, US PA, US CT, US UT, US GA, US WA, US FL, US TX, US
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:
The Risk Quality Control Oversight Lead will have second line risk management oversight of the Quality Control/ Quality Assurance Oversight program in our commercial bank. This individual will guide business stakeholders and senior management in the process and execution to ensure activities meet and adhere to company policies/ guidelines and are within the risk appetite of the bank, while collaborating with the parent company to ensure harmony in risk plans and processes.
PRINCIPAL DUTIES AND RESPONSIBILIITES:
- Providing subject (risk) matter expertise for the design, development and implementation of the Quality Control and Quality Assurance Oversight Program.
- Managing the Quality Control Program Methodology, Coverage Plan and Testing calendar, Procedures, Technology/Tools, Dashboards/Reporting, and taxonomy requirements.
- Partnering with Business to support ongoing development of new monitoring efforts and a high level of risk acumen ensures that Quality Control is detecting current and emerging risks.
- Engage with key stakeholders to recommend strategic solutions, identify watch/ action items and and influence planning and execution efforts for sustainability and process improvements.
- Partnering with the parent companies Risk Management team to determine applicability to the Commercial Bank's processes and associated frameworks, understanding updates to the risk taxonomy and evaluating necessary controls, in addition to ensuring that independent testing requirements are met.
- Influencing and ensuring processes are designed to address risk, using data and analytics to deliver insight into customer and business processes and developing reporting with results/ outcomes from the program.
POSITION SPECIFICATIONS:
- Bachelor's or equivalent
- Subject Matter expert for Quality Control/ Quality Assurance programs.
- 7+ years of experience in a Risk Management function, preferably within Financial Services
- 5+ years' Commercial Banking and/or Retail Banking experience.
- 4-5+ years' experience in Operational Risk or relevant experience is a must.
- Self-directed with ability to work independently, as well as leading or participating in a cross-functional team environment.
- Strong attention to detail with leadership, problem solving and organizational skills.
- Understanding of regulatory environment, frameworks and requirements
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.