Audit Executive Director - Risk Team Lead

 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 $202,000.00 and $255,000.00. 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

SMBC is seeking an experienced Audit Executive Director with a minimum of 12 years’ experience in the banking and finance industry to lead audit coverage of Risk Management related activities within the Internal Audit Department.

Reporting to the Risk and Lending Business Function Head, the Risk Team Lead will be responsible for (1) overseeing various large scale complicated audits with minimal supervision by the Business Function Head, ensuring work is performed in accordance with IIA standards and IAD policies and procedures (2) conducting audits requiring risk management related subject matter expertise, and (3) supporting the Business Function Head in the execution of their duties.

Role Responsibilities: Delivery

• Support IAD Management team in planning, development, implementation, and maintenance of an internal audit program that addresses management of risks across the Americas Division.
• Manage a team of auditors to execute high quality reviews of Credit, Market, Liquidity, Operational, Data, Third-Party, and Enterprise Risk related processes and controls within a prescribed timeframe.
• Directs and Oversees audits as a Team Leader in accordance with the Bank's policies and procedures, with limited supervision and support by the Business Functional Head.
• Provide support, coaching, and feedback to audit team which may include internal or co-sourced internal audit professionals.

Role Objectives: Expertise

• Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results and corrective measures.
• Oversee quarterly and annual continuous monitoring / risk assessment process to identify business trends and emerging risks, and when necessary, propose updates to the audit plan to reflect them.
• Lead and assist with the delivery and execution of IAD's broader annual audit risk assessment and assurance planning activities and responsibilities.
• As needed, assist with special projects related to business process improvements or departmental strategic initiatives.
• As needed