Liquidity Risk Oversight, Vice President

Sumitomo Mitsui Banking Corporation•New York, NY

3d•$145,000 - $185,000•Hybrid

About The Position

Sumitomo Mitsui Banking Corporation (“SMBC”) is seeking a Vice President to join the Liquidity Risk 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 Liquidity Risk Oversight Vice President will be responsible for special projects that require dedicated leadership and immediate attention within the broader liquidity risk oversight; the position will cover SMBC’s ~$300B combined balance sheet and related risks across different legal entities and jurisdictions in the region. The position requires expertise in liquidity risk management, regulatory frameworks, and stress testing, as well as agility and organizational skills to lead multiple projects simultaneously; the role offers an excellent opportunity to learn, contribute to the team oversight, and connect and work with different stakeholders in the organization.

Requirements

5+ years of liquidity risk experience in the first- or second-line groups of large U.S. banks or FBOs.
Strong background in financial markets and products.
Understanding of balance sheet, products, and related liquidity risks.
Knowledge of U.S. regulatory requirement for liquidity risk (e.g., Reg YY, SR 10-6, Reg WW).
Understanding of regulatory metrics for liquidity risk such as LCR and NSFR.
Strong leadership and interpersonal skills are required for this position.
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

Background in consulting is a plus.

Responsibilities

Lead special projects in liquidity risk under the direction of the Head of Liquidity Risk Oversight. Projects can range from liquidity limit recalibration to in-depth product analyses, market surveillance, and ad-hoc review and challenge.
Support ongoing independent oversight of the funding and liquidity position of SMBC branches and legal entities in the Americas region.
Support continuous enhancement of the oversight framework established by the independent second line risk function.
Support engagement and interactions with regional regulators on liquidity risk matters.
Support regional liquidity risk committees and governance forums, as needed.
Prepare and present liquidity risk analyses and reports to senior management and risk committees, as required.
Ensure timely escalation of liquidity risk issues to appropriate stakeholders.
Establish collaborative relationship with the first line Treasury functions providing support and risk advice while maintaining independence.
Build and maintain relationships with business partners and foster a strong risk culture through the organization.
Interact with colleagues in Tokyo Head Office and in other regions (i.e., EMEA, APAC) to ensure coordination.