What are the responsibilities and job description for the Liquidity Risk Oversight Manager position at SMBC Group?
The anticipated salary range for this role is between $146,000.00 and $175,000.00. 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 Description
Risk Management Department Americas Division (RMDAD) has an opening for an Associate / Vice President in the Liquidity Risk Management Group. This position resides within the Liquidity Risk Oversight Team. The Liquidity Risk Associate / VP will provide ongoing review and challenge to the 1st Line of defense activities. The role’s coverage of business lines includes traditional banking (including digital bank), swap dealer and broker dealer. Product coverage includes but is not limited to traditional banking (deposits, loans and commitments), derivatives and money market products (Repos and Reverse repos). The Associate / VP will combine their working knowledge of liquidity risk along with their technical skills to develop framework and tools which will be used to identify risk exposures for continued review and challenge.
Role Responsibilities :
- Provide on-going and ad-hoc 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, 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 CUSO
- Participate in annual Horizontal Liquidity Reviews conducted by FRB; respond to FRB questions and ad-hoc requests
- Assist in preparing risk committee meeting materials to report to both internal and external stakeholders, including regulators
- Provide independent review and assessment of new products, business initiatives and services introduced / proposed by sponsors
- Engage with internal audit during annual audit of liquidity risk; remediate findings as needed
- Enhance internal LRO processes and collaborate with Independent Review Function on providing input into IRF’s annual risk assessment of liquidity
Qualifications and Skills
Salary : $146,000 - $175,000
