Market Risk Governance Associate

Sumitomo Mitsui Banking Corporation • New York, NY

51d • $95,000 - $150,000 • Hybrid

About The Position

The Associate (ASC) in the Americas Market Risk Management Governance and Coordination Team across Combined U.S. Operations (CUSO), the SMBC Capital Markets Swap Dealer, and Nikko Securities America’s Broker-Dealer entity. This role will focus heavily on issue management, governance coordination, reporting and execution of key regulatory and risk management processes. This Associate will work closely with the team and senior stakeholders across Risk, Compliance, Legal, Operations, and Front Office to maintain strong governance standards and support market risk issue management process for the Bank, swap dealer, and broker-dealer entities. This is an excellent role for someone looking to build a long-term career in risk management, governance, or regulatory framework.

Requirements

• 3-5 years of experience in risk management, counterparty risk, risk governance, broker-dealer risk, or swap dealer oversight in a large financial institution or consulting firm
• Strong analytical, organizational, and problem-solving skills
• Ability to manage multiple tasks with attention to detail and tight deadlines
• Excellent written and verbal communication skills
• Required: Bachelor’s degree (BA/BS).

Nice To Haves

• Preferred: Advanced degree such as MBA or MS in Finance or Risk Management.
• Ability to manage multiple responsibilities and prioritize effectively.
• Cultural sensitivity and ability to interact effectively with international colleagues, particularly Japanese expatriates.

Responsibilities

• Support the end-to-end issue management lifecycle for regulatory, audit, and internal Management Self-Identified issues
• Track open issues, remediation milestones, evidence, and validation activities across multiple internal (market risk) and external stakeholders
• Ensure root cause analyses, action plans, remediation evidence, and validation align with regulatory and internal standards
• Produce timely and accurate dashboards, metrics, and reporting for senior management and governance committees
• Coordinate with Operational Risk and Internal Audit to ensure alignment with firm wide issue management standards
• Assist in preparing high quality materials for Risk Committees (Tier 1 and 2), Swap Dealer and Broker Dealer oversight forums
• Help review policies, procedures and governance documentation for completeness and consistency
• Track regulatory developments and interpret implications for swap dealer governance, reporting, and risk controls

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees