What are the responsibilities and job description for the Liquidity Methodology Analyst position at Sumitomo Mitsui Banking Corporation?
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 $73,000.00 and $86,000.00. 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.
Job Summary
This role will be in the Liquidity Management Function, which is part of the Corporate Treasury within the SMBC Americas Division. The candidate will be part of an ongoing Treasury transformation, and drive efforts related to Position Management & Analytics across the Consolidated U.S. Operations (CUSO). Reporting to the head of Position Management and Analytics, the candidate will be expected to support building strategies to manage the liquidity positions, collaborate with Markets Treasury, Operations, Technology, Risk, and Business lines, and monitor the end-of-day liquidity position on a daily basis. The candidate will become a core member of the group and operate in an exciting, fast-paced team environment.
Scope
The Liquidity Management function sits in the Corporate Treasury group of the New York Branch within the SMBC Americas division. The incumbent will support the Director of Liquidity Methodology as an independent, critical thinker in driving the methodology development cycle from start to finish. Additionally, the candidate will be expected to effectively collaborate with cross-functional teams, drive change, and conduct activity with a risk-owner mindset.
Primary Responsibilities
- Support the Treasury transformation efforts pertaining to Internal Liquidity Stress Testing and Recovery and Resolution Planning, including conducting a current state review of methodologies for derivatives
- Support senior members of the team in the methodology development for ILST and RRP metrics from start to finish, supporting scenario design creation, risk assessment, development of quantitative and/or qualitative methodologies, implementation into aggregation framework, and governance
- Deep dive into SMBC data architecture and collaborate with technology teams to buildout daily capabilities as it pertains to assigned product set and lead implementation enhancements as product methodologies change each development cycle
- Maintain documentation of product methodologies and proactively refresh documents with the annual development cycle, while simultaneously responding to inquiries from the various lines of defense
- Proactively support FTP methodology enhancements as it pertains to liquidity premiums for assigned product set and support colleagues in rolling out FTP methodology changes
- Provide support and guidance to assigned group affiliates as part of the CUSO and ensure overarching methodologies are commensurate with the group affiliate's risk profile
- Develop strong partnerships with key stakeholders across Risk, Finance, Model Validation, Audit, and the Business lines
- Support the production of committee oversight materials and effectively communicate key information to senior management, internal audit, and regulators
- Support SMBC Americas during regulatory exams pertaining to assigned product set for ILST/RRP and proactively respond to ongoing inquiry
- Compliance with the firm's code of conduct and adhere to proper controls policies and procedures which are applicable.
Critical Job Knowledge and Core Competencies/Skills
- Ability to deliver quality results that can withstand regulatory scrutiny under pressure and a fast-moving environment
- Intellectually curious with strong analytical skills and functional knowledge of financial markets products. Additionally, a passion for technology and ability to automate various processes would set the candidate apart from others
- Ability to build engagement by consulting with and involving others across SMBC
- Proactively identifies process improvements and develops meaningful solutions to achieve improvements
Requirements
- Work Experience: 0 - 2 years of comparable or relevant experience; Banking, Money Markets a plus
- Preferred Education: BA / BS (or equivalent experience)
- Business fluency in the following language: English
- Software Systems / Programming Languages: Experienced computer programming skills (Excel, Python, and/or SQL)
- Percentage of Travel Required: 0-10%
Additional Requirements
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.
Salary : $73,000 - $86,000
