Summary
Location
New York, Jersey City
Salary
$145k - $185k
Type
full-time
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About this role
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 $145,000.00 and $185,000.00. 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
Seeking a Vice President to support various CUSO Treasury’s Inter-affiliate Funding process and other ad-hoc Balance Sheet Optimization initiatives.
Responsibilities include (i) executing inter affiliate credit workflows—from application preparation through end to end tracking and cross functional coordination; (ii) producing recurring management reports and presentations, maintaining key balance sheet and performance metrics, and aligning inputs across stakeholders; (iii) supporting capital and balance sheet optimization efforts through analytics, data management, and collaboration with Finance, Business, and Regional partners; (iv) maintaining awareness of regulatory capital and funding requirements and monitoring expected rule changes; and (v) contributing to enhancements of capital management systems and processes.
This position involves cross-functional interaction and collaboration across teams within Treasury and the broader firm, including but not limited to Regulatory Reporting, Financial Controllers, and Finance Change Management. The ability to assimilate knowledge, work efficiently, and communicate effectively across these functions will be key to success.
Responsibilities
- Perform various BAU activities and ad hoc processes to manage inter-affiliate credit facilities, including application preparation, end-to-end tracking, and cross functional coordination
- Perform recurring BAU and ad hoc management reporting activities, including preparing presentations, maintaining key metric tracking, and coordinating inputs across stakeholder groups.
Contribute to capital and balance sheet initiatives by performing targeted analyses, preparing materials, managing data inputs, and partnering with cross functional teams to drive execution. - Maintain an understanding of SMBC’s regulatory capital and funding processes and anticipated future regulatory rule changes
- Participate in the development of Capital Management systems and processes
Qualifications and Skills
- 5-7+ years of working experience in the banking industry in Capital Management. Past experience supporting capital planning, regulatory capital analysis, or credit workflows is a huge plus
- Knowledge of Basel rules and detailed understanding of evolving regulatory capital requirements and guidance
- Bachelor’s degree in finance, Accounting, Engineering or related field
- Must have excellent verbal and written communication skills and ability to create senior management presentations
Additional Requirements
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].
Other facts
About 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 150 offices and 120,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo and Nagoya stock exchanges, and its ADRs trade on the New York Stock Exchange (NYSE: SMFG).
Americas: https://www.smbcgroup.com/
EMEA: https://www.smbcgroup.com/emea/
APAC: https://www.smbc.co.jp/asia/
Tokyo: https://www.smfg.co.jp/english/
What you'll do
- The Vice President will support the CUSO Treasury’s Inter-affiliate Funding process and balance sheet optimization initiatives. Responsibilities include executing credit workflows, producing management reports, and collaborating with various teams.
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