Vice President, Liquidity Methodology

Sumitomo Mitsui Banking Corporation•New York, NY

36d•$145,000 - $185,000•Hybrid

About The Position

This role will be in the Liquidity Management Function, which is part of the Corporate Treasury within the SMBC Americas Division. The candidate will be part of an ongoing Treasury transformation, and drive efforts related to Liquidity Methodology including Internal Liquidity Stress Testing (ILST) across the Combined U.S. Operations (CUSO) with a focus on the Banking Book. Reporting to the head of Banking Book ILST, the candidate will be expected to conduct a current state diagnostic of methodologies for deposit products, drive methodology enhancements, understand impact to Funds Transfer Pricing and various liquidity metrices, collaborate with Business Lines, Risk Management, Technology, and Treasury teams, and ultimately implement their respective methodologies into the overall CUSO ILST. The candidate will become a core member of the group and operate in an exciting, fast-paced team environment. Scope The Liquidity Management function sits in the Treasury Function of the New York Branch within the SMBC Americas division. The incumbent will support the team as an independent, critical thinker and take ownership of various initiatives. Additionally, the candidate will be expected to effectively collaborate with cross-functional teams, drive change, and conduct activity with a risk-owner mindset.

Requirements

Ability to deliver quality results that can withstand regulatory scrutiny under pressure and a fast-moving environment
Intellectually curious with strong analytical skills and functional knowledge of financial markets products. Additionally, a passion for technology and ability to automate various processes would set the candidate apart from others
Ability to build engagement by consulting with and involving others across SMBC
Proactively identifies process improvements and develops meaningful solutions to achieve improvements
Work Experience: 5–8 years of comparable or relevant experience; Banking, Corporate Finance, Treasury, Capital Markets a plus
Preferred Education: BA / BS (or equivalent experience)
Business fluency in the following language: English
Percentage of Travel Required: 0–10%
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

Nice To Haves

Familiarity with Reg YY Enhanced Prudential Standards, prior experience in Liquidity Management or Treasury Function, and/or CCAR experience at a financial institution preferred

Responsibilities

Drive Treasury transformation efforts pertaining to Internal Liquidity Stress Testing (ILST) and overall Liquidity methodology including conducting a current state review of methodologies for CUSO deposit products
Support the team to review ILST results, trends, drivers, and collaborate with business lines to understand liquidity drivers.
Lead methodology development for ILST from start to finish, supporting scenario design development, product liquidity risk assessment, development of quantitative and/or qualitative methodologies, implementation into CUSO ILST results, and overall governance of methodologies
Deep dive into SMBC data architecture and collaborate with COO and technology teams to buildout daily capabilities pertaining to assigned product set, and lead implementation enhancements as product methodologies change each development cycle
Maintain documentation of product methodologies and proactively refresh documents with the annual methodology development cycle, while simultaneously responding to inquiries from various lines of defense
Proactively support FTP methodology enhancements as it pertains to liquidity premiums for assigned product set and support colleagues in FTP methodology changes and/or implementation
Lead quantitative analyses needed for introduction or recalibration of liquidity management and risk practices.
Develop strong partnerships with key stakeholders to adequately understand the firm’s liquidity position, identify trends/risks, and provide guidance on liquidity management
Support the production of committee oversight materials and effectively communicate key information to senior management, internal audit, and regulators
Support the team in any regulatory exams and addressing internal findings issued by 2nd or 3rd lines of defense.
Comply with the firm's code of conduct and adhere to proper controls, policies, and procedures which are applicable.