Liquidity Risk Management Associate
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. The anticipated salary range for this role is between $90,000.00 and $135,000.00. 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. Role DescriptionRisk Management Department Americas Division (RMDAD) has an opening for an Associate in the Treasury Risk Management Group. The Treasury Risk Management group is a risk function within the RMDAD that 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 the consolidated SMFG $2+ Tr. balance sheet risks.The Liquidity Risk Associate will provide ongoing review and challenge to the 1st Line of defense activities. The role’s coverage of business lines includes traditional banking, swap dealer and broker dealer. Product coverage includes but is not limited to traditional banking (deposits, loans and commitments), derivatives and money market products (Repos and Reverse repos). The Associate will combine their working knowledge of liquidity risk along with their technical skills to develop framework and tools which will be used to identify, monitor, and control risk exposures.
Requirements
- Previous experience and working knowledge of banking products / activities and their implications for liquidity risk from a 1st line and 2nd line perspective
- Understanding of banking book and trading book products such as deposits and loans, off-balance-sheet exposures, commitments, derivatives (swaps, options), money market products (e.g., repos, CD/CPs), broker/dealer activities, and the associated liquidity risk
- Working knowledge of liquidity risk and regulatory frameworks and regulations
- Familiarity with funding plans, and contingency fundings plans
- Strong organizational skills with the ability to manage recurring cycles, deliver under tight timelines, and coordinate across multiple stakeholders.
- Proven ability to effectively present complex topics to management
- A self‑starter who can take ambiguous problems and turn them into actionable plans, including developing approaches, timelines, and stakeholder engagement strategies.
- Analytical mindset with strong attention to detail and control orientation.
Nice To Haves
- Preferred experience with regulatory examinations and interaction with regulators.
- Experience with additional regulatory requirements (e.g., EPS, Reg YY, Reg W) is a plus.
- Japanese language business proficiency preferred
Responsibilities
- Provide ongoing and ad-hoc independent oversight of 1st Line of Defense activities including but not limited to internal liquidity stress testing, cash flow forecasting, contingency funding plan, and intraday liquidity
- Develop risk tools to track and analyze movements in key liquidity metrics and use results to aid 2nd line oversight activities
- Provide challenge to 1st line proposal of annual risk metrics and limits refresh for SMBC CUSO
- Participate in regulatory meetings and examinations; support responses to regulator’s questions and ad-hoc requests
- Assist in preparing committee meeting materials to report to senior management
- Provide independent review and assessment of new products, business initiatives, and services introduced / proposed by 1st line
- Engage with internal audit during annual audit of liquidity risk; remediate findings as needed
- Enhance internal processes and perform annual risk assessments of liquidity risk process
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
