Market Risk Governance Manager

Sumitomo Mitsui Banking Corporation•New York, NY

74d•$135,000 - $180,000•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. The anticipated salary range for this role is between $135,000.00 and $180,000.00. 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 OverviewThe 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).
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.

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