Vice President, Liquidity Reporting Operations

Sumitomo Mitsui Banking Corporation•Jersey City, NJ

1d•$99,882 - $105,000•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.

Requirements

Bachelor’s degree in Business Administration, Finance, Enterprise Risk Management or a related field plus 2 years of experience in counterparty risk, risk governance, broker-dealer risk, or swap dealer oversight in a large financial institution or financial industry in Finance, Treasury, or Risk departments.
Liquidity metrics and reporting requirements across US, Japan, and International (Basel Committee) regulations
Business mix and liquidity stress models of both Bank and Broker/Dealer entities including experience modeling or managing complex financial products required
Financial reporting, Liquidity reporting, early warning indicators, stress testing, and risk systems– Oracle ledger, Prism/REVAL, Daisy, Star, Polaris, Axiom, RegReporter
Dodd-Frank Section 165 liquidity stress testing and related governance frameworks
Treasury transformation initiatives and internal system upgrades
ELF Database, Python, SQL, Power BI
Financial risk modeling techniques

Responsibilities

Prepare and submit liquidity reports, including daily/monthly/quarterly Internal Liquidity Stress Testing, Intraday Liquidity monitoring, Early Warning Indicator, Collateral Monitoring Report and other liquidity risk limits, ensuring accuracy and compliance with regulatory standards, for various SMBC entities.
Support compliance with U.S. regulatory requirements for the Daily Liquidity positioning report and internal liquidity stress testing, Liquidity Coverage ratio, Stable Funding ratio and short-term wholesale funding reports for Consolidated US Operations, the US “Bank Holding Company”, as well as Sumitomo Mitsui Financial Group, Inc. for Tokyo Head office reporting, while collaborating with Treasury, Risk, Finance, and Operations teams to ensure accurate and timely reporting.
Partner with Asset Liability Management & Funds Transfer Pricing, Liquidity Management and Capital Management teams in refining methodologies and automating processes in Quantitative Risk Management (QRM) liquidity reporting tool and expanding existing capabilities due to regulatory requirements or introduction of new products by the firm.
Develop strong partnerships with key stakeholders across SMBC’s Head Office and entities in Americas & EMEA to adequately understand the firm’s liquidity position, identify trends/risks, and provide advice on new product approval.
Monitor and reconcile liquidity positions across SMBC entities within US. Support the team in Japan and US regulatory exams and addressing internal findings issued by 2nd or 3rd line of defense. Monitor and analyze key liquidity risk metrics to assess the firm’s funding position and liquidity risk exposure.
Produce underlying analyses and meeting materials for senior management committees and regulatory communications on spot and forward-looking strategies. Communicate key liquidity trends and findings to senior management, the 1st and 2nd line of defense.
Ensure liquidity reports meet regulatory requirements from agencies such as the Federal Reserve, Basel Committee, Japan Financial Services Agency Reporting, FINRA and other relevant regulators.
Develop Liquidity stress and balance sheet forecast models across various business lines (investment banking, trading, commercial, consumer) working with front office to understand SMBC entities operations and inter-affiliate activity (borrowing /funding).
Collaborate with model owners and model validation team to address validation findings and ensure models meet internal and external standards.
Conduct back-testing, sensitivity analysis and attribution analyses along with other modeling and analytical tests to provide robust quantitative solutions based on the specific business model of each SMB entity.