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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 $90,000.00 and $135,000.00. 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

SMBC Capital Markets, Inc. (CM) is seeking a Market Risk Governance Associate within its Risk Management Department. This role will oversee coverage across SMFG Combined U.S. Operations (CUSO), including CM and SMBC Nikko Securities America, Inc., with a focus on centralizing efforts to enhance the efficiency of our risk organization in the US. The Associate will collaborate with teams in the Front Office, Finance, Accounting, Compliance, Legal, and Audit, while leveraging resources within the Risk Management Department, to cover market risk across the banking book, derivatives, and securities products.

Role Objectives: Delivery

1. Maintain entity level Risk Governance in compliance with CFTC/NFA and SEC/FINRA regulations and uphold the market risk governance framework across CUSO under FRB and other regulations.

2. Maintain entity level Risk Appetite Framework, collaborating with relevant departments and securing approvals.

3. Manage risk policies and procedures to reflect evolving risk frameworks.

4. Assist in preparing risk materials for Senior Management and governing bodies.

5. Support other Risk Governance and Enterprise Risk matters, such as the New Business / Product Approval process and Risk & Control Self-Assessment (RCSA) coordination.

Role Objectives: Interpersonal

1. Partner with other CUSO and entity-level departments to maintain and promote a robust risk management framework.

2. Liaise with other risk teams (Liquidity Risk, Model Risk, Enterprise Risk, etc.) to support the legal entity and CUSO-wide risk functions.

Role Objectives: Expertise

Knowledge

1. Understanding of financial instruments, securities, and derivatives and their key risks.

2. Knowledge of the Dodd Frank Act, CFTC Rule 23.600, the Volcker Rule, Swap Dealer registration and other regulatory requirements.

Communication

1. Excellent communication and relationship-building skills to work with colleagues and senior management across internal departments, affiliates, Tokyo Head Office, and globally.

Qualifications and Skills

Preferred Previous Work Experience

• Work Experience: 3+ years of experience in the financial services industry, preferably in risk management.

• Prior experience with policies and procedures management, risk governance, and/or coordinating with internal/external auditors and regulators is preferred.

• Excellent verbal and written communication skills, including business writing and presentation drafting.

• Software Systems / Programming Languages: Microsoft Office Suite. Strong Excel, Word and PowerPoint skills.

• Language Skills: Business fluency in English (Japanese is preferred).

Preferred Education/Licenses/Certifications/Registrations

• Education: Required – BA / BS

Other Skills, Abilities and/or Training

• Highly organized and detail-oriented, and strong multi-tasking and time management skills in a fast-paced environment.

• Project management experience preferred.

• Ability to understand, communicate with, and effectively interact with people across cultures.

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 [email protected].