Vice President CUSO Treasury Operations

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 $130,000.00 and $170,000.00. 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.

Overview:

SMBC Combined US Operations (CUSO) Treasury is seeking an individual with strong critical thinking and project management skills, and a proven track record of project delivery, for a new position of VP in our Treasury Operations group. 

This new role will be tasked with leading the development and deployment of a Financial Aggregation tool that will support SMBC’s forecasting Comprehensive Capital and Analysis Review (CCAR) processes and building out Financial Resource Management (FRM) framework to optimize business decisions. The incumbent is also expected to partner with other Treasury functions in automating processes and expanding existing capabilities due to regulatory requirements or introduction of new products and features.

Role Objectives

• Collaborate with Treasury, Financial Planning & Analysis, Strategy & Transformation, and Risk colleagues to identify the requirements of a Financial Aggregation tool that could support the firm as SMBC becomes subject to CCAR
• Develop a prototype tool; work with Technology team to flesh out requirements, and advocate for and secure budget for tech development
• Act as the business owner of the tool, partnering with Technology to develop and deploy it
• Own the Financial Aggregation workstream of CCAR, including standing up an operational process with appropriate controls
• Establish a conceptual framework and put together a tactical implementation plan to set up Financial Resource Management (FRM) framework; Work closely with Technology team in implementing the framework
• Partner with Asset Liability Management & Funds Transfer Pricing (ALM/FTP), Liquidity Management and Capital Management teams in refining methodologies and automating processes in Quantitative Risk Management (QRM) and expanding existing capabilities due to regulatory requirements or introduction of new products by the firm.

Qualifications and Skills

• Minimum 5 years of Finance or Technology experience, including experience modeling or managing complex financial products required
• Bachelor’s or advanced degree in a quantitative, or relevant field required
• Prior experience in CCAR or FRM required
• Prior experience in Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Internal Liquidity Stress Testing preferred (ILST), or Funds Transfer Pricing (FTP) preferred
• Demonstrated experience leading technology development in a large organization preferred
• Excellent written and verbal communication skills required
• Strong capability of collaborating with multiple teams to deliver complex products
• Ability of managing multiple priorities and delivering results on time under limited supervision and direction

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 wi