Operational Risk Associate
Sumitomo Mitsui Banking Corporation•Charlotte, NC
•Hybrid
About The Position
The Operational & Regulatory Risk Management Associate reports to head of Control Testing, Risk Appetite and Stress Test team within the Non-Financial Risk Management Group in the Risk Management Department. The role's primary function is to support the execution of the Stress Test, Risk Appetite, and Control Testing programs, as well as the design and subsequent execution of the new and CCAR compliant Stress Testing program.
Requirements
- 1-3 years of relevant Finance experience
- In-depth knowledge of U.S., non-U.S. and international banking laws and specifically Risk Management frameworks and regulatory CCAR requirements
- Excellent communication skills, leadership and relationship-building skills to work with internal departments, affiliates, Head Office and regulatory bodies.
- Strong reasoning ability; understands complex situations, people and system needs against backdrop of managing a risk management environment.
- Strong analytical skills; great attention to detail, and ability to work independently.
- Expert communication and presentation skills.
- Expert ability to work collaboratively with internal risk management colleagues across multiple risk stripes, Front Office, and Middle & Back Office personnel across all subsidiaries and globally.
- Experience with Python for analyzing datasets
- Working knowledge of Agentic AI
- Experience with data visualization tools (e.g., Tableau, Power BI, Looker, or similar)
- Proficiency in Microsoft Excel (pivot tables, formulas, lookups)
Responsibilities
- Assist in the execution of Operational Risk Stress Testing program
- Perform the data analysis for the identification and quantification of scenarios for Stress Testing program
- Support scenario development and refinement
- Create information packs for the workshops in the Stress Testing program
- Assist in the execution of the workshops, including documentation, minuting and follow-ups
- Support the redesign of the stress testing program as part of the CCAR readiness initiative
- Support the recalibration of risk appetite metrics by analyzing internal losses and control environment to ensure alignment with the firm’s risk profile
- Assist in the execution of Control Testing program
- Create and monitor Control Testing campaigns in the GRC system
- Responsible for Control Testing reporting and data analysis
- Assist in the review and challenge of Control Testing Scripts and Results
- Assist in updating Control Testing Policy and Procedures as and when they are required
- Act as point person for Control Testing GRC system enhancements and perform UAT
Benefits
- Annual discretionary incentive award
- Competitive portfolio of benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
