Market Risk Governance Manager
About The Position
The Vice President (VP) in the Americas Market Risk Management Governance and Coordination Team will serve as a key member of the team with responsibility for market risk governance and issue management across Combined U.S. Operations (CUSO), the SMBC Capital Markets Swap Dealer, and Nikko Securities America's Broker-Dealer entity. This role provides independent risk oversight, strengthens regulatory governance frameworks, supports new business strategy, and manages the market risk issue remediation lifecycle across multiple regulated entities. The VP will partner closely with Market Risk, Enterprise Risk, Non-Financial Risk, Compliance, Operations, Finance, and Front Office leadership to ensure consistent and sound risk management aligned with U.S. regulatory expectations (FRB, CFTC, FINRA, NFA).
Requirements
- 5-10 years of experience in market risk, counterparty risk, risk governance, broker-dealer risk, or swap dealer oversight in a large financial institution.
- Strong writing, communication, and relationship building skills
- Proven ability to partner across functions and drive complex issue remediation efforts.
- Required: Bachelor's degree (BA/BS).
Nice To Haves
- Preferred: Advanced degree such as MBA or MS in Finance or Risk Management.
Responsibilities
- Support all market risk governance obligations under CFTC Swap Dealer rules, including Risk Management Program (23.600), Supervision (23.602), and overall NFA compliance. Ensure governance compliance with SR11-7, Heightened Standards, and internal Risk Appetite.
- Maintain governance linkages between swap dealer programs and broader CUSO frameworks
- Track regulatory developments and interpret implications for swap dealer governance, reporting, and risk controls
- Serve as risk governance lead for new business initiatives across SMBC Capital Markets and Nikko including, new products and cross-entity initiatives
- Strengthen and maintain the risk issue management framework across CUSO Market Risk, the swap dealer, and Nikko Risk
- Lead issue governance, tracking, and compile closure packs of regulatory, audit, and internal risk findings for Market Risk
- 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
- Provide strategic insight and support on business growth plans, infrastructure changes, and regulatory driven initiatives.
- Drive continuous improvement of governance processes, templates, risk reporting and cross-entity and cross-regional coordination
- Demonstrate familiarity with key risk and valuation concepts (VaR, stress-testing, counterparty exposure estimation, documentation and internal controls).
- Strong understanding of regulatory requirements applicable to Swap-Dealer, Broker-Dealer, and Bank entities.
- Collaborative and solution oriented to work effectively with internal risk management colleagues and leadership.
- Highly structured, analytical thinker with deep attention to detail.
- Demonstrate strong ownership and ability to execute complex initiatives.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
