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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 $137,000.00 and $200,000.00. 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

The candidate will work with SMBC’s Regulatory Change Management (RCM) Team to support the Business Program Oversight Office (BPO) for Regulatory Change Management (RCM) and Risk Assessments (RA) areas.

The role works with departments across SMBC’s Americas Division to manage BPO matters. This includes, but is not limited to, the development and ongoing maintenance of an overarching book of work (BOW), execution roadmap, program plans, program management reporting and workstream(s) status reports. The role also requires facilitating the implementation of a consistent target operating model using strong program governance and reporting, experience with managing a portfolio of related projects, effective communication and liaising with relevant stakeholders, technology and vendor partners to drive organizational goals and successful execution of the agreed upon BOW and roadmap. Additionally, the role will support production of status, metrics, and management information necessary for appropriate oversight, internal engagement, and effective program execution. The role will also support the onboarding of the respective areas into the Governance, Risk and Compliance (GRC) platform. Collaborative, organized and coordinated approach with all related work streams and business lines is required to drive the organizational change.

Role Objectives

The job responsibilities are described herein:

+ Responsible for efficiently and effectively executing BPO agenda with accountable stakeholders, including handling day-to-day matters.

+ Maintains the organizations BOW comprising strategic and business as usual (BAU) activities including BOW prioritization, scope of work finalization and deliverables management to achieve organizational goals.

+ Coordinate comprehensive range of program management matters with responsibility for efficiently and effectively executing the change program with accountable stakeholders, including handling day-to-day matters

+ Support the organization’s efforts to adopt NextGen Governance, Risk and Compliance (GRC) tools for certain cross-enterprise compliance program activities.

+ Demonstrate awareness and understanding of stakeholder business requirements and organizational context throughout project execution

+ Monitor delivery throughout the life of the project effort and assess outcomes to ensure completeness and sustainability

+ Handle coordination between program workstreams to ensure alignment and awareness of over-arching program objectives.

+ Partner with impacted product and project owners to develop program objectives and track expected outcomes.

+ Assist in developing project artifacts including project charters, business cases, governance materials to ensure effective project governance and delivery.

+ Schedules and attends meetings with key stakeholders and vendors to ensure program needs are addressed; documents the content of meetings and communicates to senior management and relevant parties

+ Tracks status of initiative, projects, and milestones and circulates information in weekly and monthly status reports, as needed

+ Escalates to management and relevant stakeholders on potential issues (i.e. under-delivery, missed deadlines and/or budget overrun) to ensure that those may be properly addressed as soon as possible

+ Develops, documents and maintains tracking and reporting tools (through SharePoint, Excel, etc.) to facilitate effective and efficient management status reporting.

+ Works closely with all BAU operations leads and assists other departments as needed to drive efficiencies and ensure execution of BOW activities.

+ Ownership of budget, vendor contract and expense planning activities for the group

Qualifications and Skills

Qualifications:

+ Previous experience in managing, coordinating and supporting end-to-end large-scale regulatory change / risk assessment transformations.

+ Knowledge of RCM, Risk Assessment and other Compliance / Risk subject matter, including familiarity of federal and state banking laws and regulations (e.g., Federal Reserve Bank, NYDFS, FDIC, OCC)

+ Previous or current responsibility for project or change management in a large, diversified financial institution or consulting firm.

+ Project management skills (including identification, tracking, reporting and analysis)

+ Self-starter, motivated and proficient in organizing and tracking progress on multiple tasks and projects with strong follow through and time management skills

+ Team player with excellent interpersonal skills and the ability to work collaboratively across functions to influence change while managing multiple priorities

+ Excellent oral and written communication skills, when needed to present complex issues to various partners and senior leadership

+ Executive presence, professional maturity and confidence in expressing a point of view with senior management.

+ Experience in Compliance, legal, regulatory, risk functions for a consolidated banking organization, preferably a foreign banking organization

+ Prior experience developing or implementing programs that seek to address regulatory changes affecting current processes within an organization

+ Prior experience managing business projects with significant technology development or interfacing requirements through life cycle of project

+ Ability to identify opportunities for improvements through technology and data-driven solutions

+ Demonstrated track record of successfully managing projects and utilizing project management documentation and reporting tools (SharePoint, PowerPoint, Excel, etc.)

+ Ability to manage multiple projects simultaneously and re-prioritize workloads as necessary.

+ Strong analytical skills to understand project goals and interpret them into meaningful action.

+ Ability to analyze results and identify trends / forecasting using resultant data and other available metrics (e.g., KPI, KRIs, etc.) while promoting measures to mitigate regulatory compliance risk.

Experience, Knowledge Requirements:

+ 10 + years of specialized experience in Banking or Financial Services industry

+ 7-10 years of experience with Banking or Financial Services GRC, Regulatory Compliance, Risk, Governance, Legal, or related department, preferably with a foreign banking institution (FBO/IHC/BHC) doing business in the U.S.

+ Strategic transformation experience with a top tier consulting firm preferred.

Education:

Required: BA / BS

Preferred: MA / MS / MBA

Master’s degree is desired

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].