Head of Liquidity Management

Sumitomo Mitsui Banking Corporation•New York, NY

2d•$299,000 - $306,000•Hybrid

About The Position

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.

Requirements

Bachelor’s degree in business administration, financial, economics, or a related field plus 12 years of progressively responsible experience.
Experience must include the following: U.S. regulatory requirements for liquidity management, including Enhanced Prudential Standards (Reg YY), Reg WW, and the Supervisory Guidance on Stress Testing for Banking Organizations (SR 10-7); Cayman Islands regulatory requirements for liquidity management, including the Cayman Islands Monetary Authority’s (CIMA) liquidity rules; and U.S. regulatory requirements for funds transfer pricing, including the Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks (SR 16-3).
The required skills do not need to be maintained over the full term of required experience.

Responsibilities

Lead a team of liquidity management professionals and establish a liquidity framework to support the liquidity management of SMBC Americas Division and SMBC Cayman Branch.
Develop a liquidity stress testing framework to identify the potential impacts to SMBC’s liquidity position under a range of stress market conditions.
Develop set of tools and capabilities such as cashflow forecasting, intraday liquidity framework, liquidity metrics and indicators to support risk identification and risk monitoring for SMBC. Collaborate with risk, model validation and internal audit teams to effectively review and validate tools and models.
Develop strategic forecasting capabilities to provide forward looking liquidity impacts measured using liquidity stress testing and liquidity coverage ratio.
Provide clear communication to Senior stakeholders including SMBC Board and Regulators.
Establish robust processes, documentation and strong controls to enable timely and efficient execution of liquidity management reporting.
Develop Funds Transfer Pricing methodologies to appropriately measure and incorporate liquidity costs in products and business activities that drive firms’ use of liquidity resources.
Establish strong partnership with lines of business and other Treasury stakeholders to support strategic balance sheet management around liquidity constraints.
Integrate liquidity, funds transfer pricing and asset liability management methodologies across treasury to lead the treasury integration efforts and strengthen treasury capabilities.