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Manager RRQA

Sumitomo Mitsui Banking Corporation (SMBC)
remote work
United States, New Jersey, Jersey City
May 03, 2024
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 Rail Services LLC, Manufacturers Bank, 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 $116,000.00and $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 Objectives This Vice President (VP) role will support the Finance wide operational risk management activities, including Risk and Controls Self-Assessment (RCSA), Processes, Risk and Controls Taxonomy, Controls Testing, Key Risk Indicators and Issues Management in accordance with Heightened Standard. Collaborate with Finance cross-functional teams to facilitate the execution of operational Risk and Control Self-Assessment (RCSA). Participate in the design, enhancement, and execution of the RCSA program to provide support in identifying, assessing, monitoring, and escalating significant risks, issues, and concerns as part of risk assessments performed by the first and second lines of defense. Analyze and document existing or new processes and controls, identify opportunities for improvement. Support the bank-wide coordination of RCSA process in close collaboration with front line units to ensure consistency with sound risk management standards, internal policy, and procedures. Review and challenge risk assessments conducted by the Finance first line and ORM second lines of defense. Conduct training sessions to increase awareness of risk management principles and practices. Promote sound operational risk management culture across SMBC by supporting and providing oversight to the Finance functions. Develop a timely and efficient remediation plan for RCSA issues, and partner with Finance issue management team to monitor the implementation of rectification. Support the development, implementation, and maintenance of Finance-wide Key Risk indicators (KRIs) with collaboration of each Finance function. Work closely with stakeholders to ensure accurate and timely collection of risk-related data for RCSA analysis for BAU and CCAR processes. Support Finance functions to maintain all associated process documentation, risk taxonomies, policies and procedures for BAU and CCAR processes. Stay informed about industry best practices, regulatory requirements, and emerging trends in risk management to enhance the effectiveness of the RCSA program. Collaborate with internal audit, compliance, and other relevant functions to ensure alignment of risk management initiatives. Support management reporting, including other ad-hoc tasks as needed. Qualifications and Skills Bachelor's degree in finance, business, or a related field. 10+ years of experience related to risk management, internal audit, or compliance in financial service industry. Extensive knowledge/experience of process & control design and execution, risk assessment, and issue management. Strong analytical skills and attention to detail. Excellent communication (both oral and written) and interpersonal skills, proficiency in Microsoft Office suite, especially Excel, Visio, and PowerPoint. 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.