Risk & Control Advisory - Vice President

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.

The anticipated salary range for this role is between $130,000.00 and $170,000.00. 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

This Finance Control oversight (FCO) Vice President (VP) role will support the review and completion of Finance wide operational risk management activities, including assistance with the internal controls over financial reporting (ICFR) assessment for financial and regulatory reporting across the Bank Holding Company (BHC) and New York Branch (SMBC New York Branch); as well as assist with the completion of testing requirements across the Americas Division Finance functions.

The position is located at 200 Hudson Street, Jersey City. The position may require some travel domestically between offices, including 277 Park Avenue, New York, NY 10172 and 1 North Lexington Avenue, White Plains, NY 10601 but it is expected to be minimal (less than 10%).

Responsibilities

• Prepare the annual internal control assessments and work plans for the respective Finance business areas.
• Perform test of design and operating effectiveness of related internal controls throughout the year.
• Perform the internal control report reviews and publish the results.
• Prepare the quarterly internal control assessment updates and annual management internal control certification reports under COSO 2013 for financial and regulatory reporting processes.
• Effectively manage the remediation of internal control design and operating effectiveness deficiencies.
• Participate in the design, enhancement, and execution of the Americas Division testing program to provide support in identifying, assessing, monitoring, and escalating significant risks, issues, and concerns as part of risk assessments performed by the first and second lines of defense.
• Analyze and document existing, or new, processes and controls, and identify opportunities for improvement.
• Support the bank-wide coordination of the Risk and Control Self-Assessment (RCSA) and Key Reporting Indicator (KRI) process in close collaboration with front line units to validate consistency with sound risk management standards, internal policy, and procedures.
• Collaborate with Finance cross-functional teams to facilitate the execution control testing for RCSAs.
  
  

Qualifications And Skills

• Bachelor’s degree in finance, business, or a related field.
• 10 years of experience related to risk management, internal audit, or compliance in the financial services industry.
• Professional certification(s) related to internal controls and auditing, such as CIA or CPA, is preferred.
• Extensive knowledge/experience of process and control design and execution, risk assessment, and issue management.
• Experience with RCSA process a plus.
• Strong project management skills are a must, including the ability to work collaboratively across functional teams and coordinate goals with a variety of stakeholders.
• Strong analytical skills and attention to detail.
• Ability to work independently as well as within a group setting.
• Excellent communication (both oral and written) and interpersonal skills, proficiency in Microsoft Office suite, especially Excel, Visio, and PowerPoint.
  
  

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.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.