What are the responsibilities and job description for the Vice President, Funds Transfer Pricing 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 $126,000.00 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 role will support the design, implementation, and management of FTP framework across SMBC CUSO, aligning it with overall balance sheet strategy, regulatory expectations, and business objectives. Evaluate strategy and compare budget results to actual to validate outcomes. Coordinate with Head-Office to recommend changes to FTP framework based on local market.
Role Objectives: Delivery
- Develop and refine FTP framework across SMBC CUSO, ensuring alignment with business strategy, market trends, and regulatory guidelines.
- Establish policies and governance structures for FTP methodologies and ensure consistency with home office objectives.
- Drive initiatives to enhance FTP capabilities, together with Treasury COO and Finance teams.
- Act as a key advisor to the business and senior management on FTP-related matters.
- Provide support and analytics to the business units and Head-office on interest and liquidity transfer pricing.
- Analyze liquidity and investment needs over various scenarios considering market, economic, and industry trends.
- Prepare position reports, reconciliations, and P&L analytics.
- Ensure that unit results are consistent with budgeted results and with control thresholds.
- Prepare performance reporting against established benchmarks.
- Act as SME to develop and refine FTP mechanisms in the local FTP platform and communicating features and impacts to business partners across entities.
Role Objectives: Interpersonal
- Collaborate with business partners to understand liquidity and interest rate exposure.
- Participate in long- and short-term planning on FTP.
- Ability to work in a fast-paced environment and manage multiple priorities.
Role Objectives: Expertise
- Demonstrate a deep understanding of the interest rate, liquidity management, funding needs, product structures and profitability of the businesses.
- Exhibit a practical hands-on knowledge of transfer pricing mechanisms and interest rate exposure metrics.
- Demonstrate advanced analytical and quantitative skills to optimize financial results.
- Good analytical, communication and presentation skills.
Qualifications and Skills
Recommended years of experience: 7
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. 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.
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.
Salary : $126,000 - $170,000
