About SMBC Group
SMBC Group is a renowned global financial group with a rich history that dates back to over 400 years. The group, whose headquarters are based in Tokyo, offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. Globally, SMBC Group has an expansive presence with more than 130 offices and employs over 80,000 individuals across approximately 40 countries.
Sumitomo Mitsui Financial Group, Inc. (SMFG), the holding company of SMBC Group, is recognized as one of the three largest banking groups in Japan. SMFG’s shares are traded on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
SMBC Group in the Americas
In the Americas, SMBC Group has established a significant presence in several countries, including the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. This presence is fortified by the robust capital strength of SMBC Group and the value of its relationships in Asia. SMBC Group offers a gamut of commercial and investment banking services to its corporate, institutional, and municipal clients, connecting them to local markets and its extensive global network.
Key operating companies in the Americas under SMBC Group 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.
Employment at SMBC Group
An anticipated salary range for roles at SMBC Group is between $145,000.00 and $185,000.00, with the specific salary offered based on 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. Besides cash compensation, SMBC Group extends a competitive portfolio of benefits to its employees. The role may also be eligible for an annual discretionary incentive award.
Role Description: Vice President, Treasury Risk Management
SMBC is currently seeking a Vice President to join its Treasury Risk Management group for Interest Rate Risk in the Banking Book (IRRBB) & Portfolio Mark-to-Market (MTM) Risk oversight. This group is a risk function within the Risk Management Department Americas Division (RMDAD) that oversees the treasury risks and balance sheet strategy of SMBC branches and subsidiaries in the region. The group’s mandate is to ensure that all treasury risks are adequately identified, measured, controlled, monitored, and reported.
The role requires technical expertise in interest rate risk management and portfolio MTM risk, valuation methodologies, and regulatory frameworks. This position offers a unique opportunity to gain a comprehensive view of a bank’s balance sheet and balance sheet strategy, including the risk-return dimensions that Treasury departments face in the strategic risk positioning.
Role Objectives: Delivery
The Vice President within the IRRBB & Portfolio MTM Risk Oversight team will play a key role in overseeing IRRBB and Portfolio MTM risk for the ~$300B combined balance sheet across different legal entities and jurisdictions in the region. Among the key objectives of this role include performing ongoing independent oversight of the IRRBB and Portfolio MTM risk exposures for SMBC branches and legal entities in the Americas region and preparing and presenting risk analyses and reports to senior management and internal committees, as required.
Qualifications and Skills
The ideal candidate for this role should have over 5 years of IRRBB and Portfolio MTM risk experience in the first- or second-line groups of U.S. banks or FBOs. Other key requirements include understanding of balance sheet products and risks, familiarity with U.S. regulatory requirement for IRRBB, knowledge of methods and approaches used for the quantification of IRRBB and Portfolio MTM risk, and excellent verbal and written communication skills.
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].
For more information about SMBC and available roles, visit Here.
