Enterprise Data Management

 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 $203,000.00 and $230,000.00. 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

The Risk Enterprise Data Management Director ("REDMD")  for Market Risk candidate will assist the Enterprise Data Executive  in implementing the organization's data governance strategy by advocating for the solutions aligned to our data principles, policies and standards and educate key stakeholders within Risk Management on purpose and value of data governance and importance of data quality.  The REDMD role will support the RMDAD organization business data needs across various RM verticals (e.g., Market Risk, Credit Risk, Liquidity Risk, Counterparty Credit; Market, Distribution Risk, Operational Risk, Model Risk, Enterprise Risk Management (ERM). The REDMD will partner with Risk Management Americas Division Market Risk experts to identify key data elements, historical data, data proxies and gaps, analyze the end-to-end process fo rmarket and regulatory reporting to clearly articulate inefficiencies, inaccuracies, data quality and control issues. The REDMD for Market Risk will drive improvements in the quality of information used in regulatory filings in the U.S., market risk, capital related market risk models, including VaR/SVaR and FRTB, scenario simulation choices (e.g., parametric, historical, Monte-Carlo), P&L generation choices and attribution. The REDMD will ensure that all stakeholders adhere and comply with SMC's Data Management Policy, frameworks, processes, procedures & standards of a Federated Operating model structure for corporate and business policies, regulations, supervisory requirements and expectations.

Scope

The REDMD role is part of a team established by the Enterprise Data Governance Program.  It focuses on agreed upon enterprise data scope ensuring that the data governance lifecycle aspects are  methodically adopted and functioning to fulfill related requirements. The REDMD role will support the Risk Managemnt organization's  data needs and will ensure that all stakeholders adhere to SMBC's data management as well as key corporate policies.  The REDMD will maintain alignment with the overall data governance frameworks, processes, procedures, standards, frameworks, reporting requirements and ensure that the risk management area verticals and domains (e.g., market, credit, liquidity, counterparty credit; distribution, operational, model risks and reporting) are compliant with the corporate & regulatory requirements and expectations.  The REDMD will act as the key liaison contact on all things data and will help run data management activities, prioritize and centrally coordinate tactical and strategic efforts, key projects and maintain data documentation for the processes oversee. Ensure that data quality issues and exceptions are promptly and accurately captured and documented, prioritized, root causes are identified, and fixes are timely implemented and supported by adequate supporting documentations and approvals as per procedures and standards.   The REDMD will provide critical information necessary to identify trends in the data quality issues/exceptions captured and prepare analysis reports for management and senior management. 

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