Capital Management Oversight Risk Manager

Sumitomo Mitsui Banking Corporation•New York, NY

1d•$145,000 - $185,000•Hybrid

About The Position

Sumitomo Mitsui Banking Corporation (“SMBC”) is seeking a Vice President to join the Capital Management Oversight team within the Treasury Risk Management group. The Treasury Risk Management group is a risk function within the Risk Management Department Americas Division (RMDAD) and oversees the treasury risks and balance sheet strategy of SMBC branches and subsidiaries in the region. The group provides risk oversight that extends to liquidity risk, interest rate risk in the banking book, and capital management, and independently assesses business strategies that impact these risks. The mandate of the group is to ensure that all treasury risks are adequately identified, measured, controlled, monitored, and reported. The group works closely with the SMBC risk management department in Tokyo Head Office that oversees SMFG $2+ Tr. balance sheet risks. The Capital Management Oversight Vice President will report to the Head of Americas Division Capital Management Oversight and will support the independent oversight of capital adequacy and capital management across different legal entities and jurisdictions. The position requires knowledge of bank capital regulatory frameworks and capital adequacy requirements, as well as CCAR / capital stress testing.

Requirements

5+ years capital management, regulatory capital, stress testing, treasury, or risk management experience in the first- or second-line groups of large U.S. banks or FBOs.
Understanding of U.S. regulatory capital requirements.
Background in financial markets and products required; understanding of products’ impacts on baseline and stress capital ratios necessary.
Familiarity with banks’ capital framework, CCAR / stress testing, RWA methodologies (credit, market, operational), and leverage ratio construct.
Familiarity with Contingency Capital Plan requirements
Experience in setting or assessing adequacy of internal capital limits and targets.
Extremely organized and structured with strong project planning skills and ability to deliver under tight deadlines.
Excellent verbal and written communication skills with the ability to manage a variety of projects simultaneously

Nice To Haves

Previous engagement with U.S. regulators is a plus.

Responsibilities

Independent oversight of capital ratios and capital adequacy, capital management strategies and plans for relevant SMBC entities in the Americas region.
Execute ongoing review and challenge of capital ratios (e.g., CET1, Tier 1, Total Capital, Leverage), risk-weighted assets (RWA), leverage assets, and buffers.
Assess compliance with capital regulatory requirements.
Review and challenge CCAR / capital stress testing methodologies and results
Review calibration of internal capital limits and targets.
Prepare and present analyses and reports to senior management, regional boards, and global risk committees, as required.
Partner with Treasury, Finance, Risk, and Business leadership to challenge capital actions
Ensure timely escalation of capital management issues and limit breaches to appropriate stakeholders.
Promote continuous enhancement of the second line risk oversight framework.
Support engagement with regional regulators on capital risk matters related to the second line function.
Ensure proper set up and documentation of the team’s processes. Strive for process automation and ensure efficiencies in the team’s operations.
Establish collaborative relationship with the first line Treasury functions; provide support and risk advice while maintaining independence.
Build and maintain relationships with business partners and foster a risk culture through the organization.
Interact with colleagues in Tokyo Head Office and in other regions (i.e., EMEA, APAC) to ensure coordination.