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Liquidity Risk Oversight Manager

SMBC Group
New York, NY Full Time
POSTED ON 2/12/2025
AVAILABLE BEFORE 4/24/2025

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

  • Previous experience and working knowledge of banking products / activities and their implications on liquidity risk either from a 1st line, 2nd, or 3rd line of defense perspective
  • In depth understanding of banking book products such as deposits and loans, off balance sheet exposures; commitments, derivatives (swaps options), money market products (repos) and the associated liquidity risk
  • Programing ability in VBA and Python
  • Working knowledge of liquidity risk and regulatory frameworks and regulations
  • Familiarity with funding plans, contingency fundings plans, and Funds Transfer Pricing
  • Preferred experience with Federal Reserve Bank Horizontal Liquidity reviews and MRA remediation
  • Strong communicator and presenter - demonstrated ability to proactively interact with other departments including treasury, business lines, and audit
  • Proven ability to effectively present complex topics to management
  • Graduate and / or Post Grad degree in STEM
  • Salary : $146,000 - $175,000

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