About SMBC Group
SMBC Group, a name synonymous with global financial services, is a top-tier financial group with roots deeply embedded in Tokyo. With an impressive history that spans over 400 years, SMBC Group has evolved into a global financial powerhouse, offering a broad spectrum of financial services. These include banking, leasing, securities, credit cards, and consumer finance.
The Group operates through a network of more than 130 offices in nearly 40 countries, employing over 80,000 individuals worldwide. Sumitomo Mitsui Financial Group, Inc. (SMFG), the holding company of SMBC Group, is considered one of Japan’s three largest banking groups. SMFG’s shares are publicly traded on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
SMBC Group in the Americas
In the Americas, SMBC Group has a strong presence spanning across the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. The Group leverages its robust capital strength and valuable relationships in Asia to offer a range of commercial and investment banking services to its corporate, institutional, and municipal clients.
SMBC Group connects a diverse client base to local markets and its large global network. Its 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.
Compensation and Benefits
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 and Objectives
Sumitomo Mitsui Banking Corporation (SMBC) is seeking an Associate to join the Treasury Risk Management group for the Interest Rate Risk in the Banking Book (IRRBB) & Portfolio Mark-to-Market (MTM) Risk oversight.
The successful candidate will be part of a small team tasked with overseeing IRRBB and Portfolio MTM risk for the ~$300B combined balance sheet across different legal entities and jurisdictions in the region.
The role objectives include the provision of ongoing independent oversight of the IRRBB and Portfolio MTM risk exposures for SMBC branches and legal entities in the Americas region. The associate will also help to review and challenge the IRRBB and Portfolio MTM risk management framework, as well as support enhancements to the second-line IRRBB and Portfolio MTM risk oversight framework.
Qualifications and Skills
The ideal candidate should have at least 3+ years of IRRBB risk experience in the first or second line, a solid understanding of balance sheet products and risks, U.S. regulatory requirements for IRRBB, and methods and approaches used for the quantification of IRRBB. Familiarity with the QRM system is a plus. In addition, strong interpersonal skills, excellent verbal and written communication skills, being extremely well-organized, structured, and having the ability to deliver under tight deadlines are necessary.
SMBC’s employees participate in a Hybrid workforce model that allows them to work from home or from an SMBC office. They must live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during the interview process. Certain roles, including some FINRA-registered roles, may require in-office attendance for the entire workweek.
SMBC provides reasonable accommodations during the application process for applicants with disabilities consistent with applicable federal, state, and local law. If you require a reasonable accommodation during the application process, please let SMBC know at [email protected].
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