What are the responsibilities and job description for the Technology, Operations & Procurement Counsel, Vice President position at Sumitomo Mitsui Banking Corporation – SMBC Group?
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Technology, Operations & Procurement Counsel, Vice President
Job Level : Vice President
Location : New York, NY, US, 10172
Employment Type : Full Time
Requisition ID : 3121
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.
The anticipated salary range for this role is between $157,000.00 and $235,000.00. 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.
The Vice President - Counsel role for Sumitomo Mitsui Banking Corporation (SMBC) will work within the Legal Department, reporting to the Executive Director and Head of the Technology, Operations and Procurement (TOP) Legal team.
Role Objectives
- Primary responsibilities will involve strategic legal advice, and negotiation and documentation of third-party vendor contracts, working with the vendor risk assessment processes and teams, as well as the various business units, including but not limited to, Information Technology, Information Security, Operations, Procurement, Third-Party Risk, Human Resources, Capital Markets, Nikko (broker dealer), and Corporate Services.
- Serving as a strategic legal advisor to the various business units on issues surrounding technology, outsourcing, intellectual property, data and related matters.
- Acting as a key legal advisor on SMBC Americas Division commercial vendor transactions.
- Reviewing, negotiating, and documenting various technology agreements, procurement and vendor contracts, including, but not limited to : software (on-prem and SaaS / cloud), outsourcing, hardware, systems, facilities, telecommunications, and professional / consulting services; non-disclosure agreements; and various other vendor commercial agreements to support the business.
- Providing general advice and counsel on financial services-related technology transactions to support the Bank’s third-party sourcing and procurement efforts.
- Issue-spotting, researching and appropriately escalating risks and concerns that may exist with any third-party contract.
- Interpreting legal and regulatory developments and guidance impacting commercial vendor transactions.
- Collaborating with other internal stakeholders to ensure appropriate awareness and escalation of issues as they arise.
- Maintaining subject matter expertise in technology, operations and procurement regulatory requirements and keeping up to date with emerging technology legal issues, including cloud, artificial intelligence / machine learning, fintech, data etc.
Qualifications and Skills
Additional Requirements
D&I Commitment : Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
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Salary : $157,000 - $235,000
