Associate, Operational Risk

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 $79,456.00 and $112,000.00. 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 Descrpition Perform domain specific review and challenge of first-line operational risk functions covering frameworks, policies, methodologies, people, processes, systems, regulation, and external factors relating to operations, resilience, and business continuity management to provide required risk oversight and governance. Collaborate with first-line functions (e.g., Operational Resilience, Business Continuity, IT, Business Control Operations) on risk evaluation and control effectiveness. Review risk mitigation strategies and controls aligned with the firm’s risk appetite, control taxonomies, and residual risk tolerances. Conduct second-line oversight reviews of business area programs and functions, including process assessments and risk/control self-assessments of operational risks associated with technology, business continuity, and resilience. Provide subject matter expertise in the design and evaluation of controls within assigned risk domain. Review risk mitigation action plans to reduce residual risk as identified through the review and challenge process. Maintain and enhance risk and control data using historical data and forward-looking scenarios. Develop and evaluate risk dashboards and key risk indicators for accuracy and completeness utilizing applied analytical analysis. Develop meaningful risk metrics, themes, and trends and reporting through modeling and analytical techniques. Produce summaries and reports that quantify current risk levels in support of reporting to risk committees. Plan and manage project tasks and deliverables from start to finish by setting project goals, organizing tasks, coordinating meetings, and ensuring projects are completed on time with issues are raised and addressed. Strong in communication and keeping stakeholders informed. Support management in regulatory exam activities (preparation, information gathering, presentations). *Hybrid remote work permitted.Qualifications and Skills Bachelor’s degree in Statistics, Mathematics or a related field plus 2 years of experience. Special skills: Applied Data Visualization; Applied Analytical Analysis; Information Technology Operations & Service Management (ITSM); Project Coordination and Management; Risk Management. The required skill set does not need to be maintained over the full term of the required experience and may be gained through employment or education. The role is eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees. For benefit information, please see the Careers pageSMBC’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 View email address on click.appcast.io.