Vice President, Liquidity Risk

Sumitomo Mitsui Banking Corporation•New York, NY

2d•$182,333 - $188,000•Hybrid

About The Position

SMBC Group is a top-tier global financial group with a 400-year history, headquartered in Tokyo. It offers a diverse range of financial services and has a significant presence worldwide. In the Americas, SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and its global network. The role of Vice President, Liquidity Risk is part of the second line of defense, responsible for reviewing and challenging the activities of the first line of defense related to liquidity risk management. This includes internal liquidity stress testing, cash flow forecasting, contingency funding plans, intraday liquidity, and funds transfer pricing. The position involves developing risk frameworks and tools, participating in regulatory reviews, preparing risk committee materials, assessing new products, and collaborating with internal audit and independent review functions.

Requirements

Bachelor’s degree in finance, financial risk management, or a related field
8 years of experience
Experience must include technology and finance in the liquidity risk function
Experience must include analytics and platform development for liquidity regulatory compliance
Experience must include resource management in relation to staff training

Responsibilities

Provide review and challenge to 1st line of defense activities, including, but not limited to, internal liquidity stress testing, cash flow forecasting, contingency funding plan, intraday liquidity, and funds transfer pricing.
Develop bespoke risk frameworks and tools to track and analyze movement in key liquidity metrics and use results to aid review and challenge activity.
Provide challenge to 1st line proposal of annual risk appetite statement refresh for SMBC Combined US Operations.
Participate in annual Horizontal Liquidity Reviews conducted by the Federal Reserve Board (“FRB”) and respond to FRB questions and ad-hoc requests.
Assist in preparing risk committee meeting materials for reporting to internal and external stakeholders, including regulators.
Provide independent review and assessment of new products, business initiatives and services introduced or proposed by sponsors.
Engage with internal audit team during annual audit of liquidity risk, and remediate issues found from the audit.
Enhance internal Liquidity Risk Oversight (LRO) processes and collaborate with Independent Review Function on providing input into its annual risk assessment of liquidity.