Associate, Capital 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 $80,000.00 and $130,000.00. 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.

Hybrid Arrangement:

The role requires a hybrid work arrangement with a current expectation of one day in-office per week, subject to change in accordance with organizational needs.

General Department Description:

The Capital Management Function manages the U.S. capital position of SMBC Americas Holding and its major subsidiaries. This function provides support to senior management and other business stakeholders in the Corporate Treasury Department Americas Division”), which reports directly to the U.S. Chief Financial Officer (“U.S. CFO”).

The function is responsible for a comprehensive capital management framework that incorporates setting targets, monitoring/managing current capital levels, and performing SMBC AH testing in partnership with risk management department, head-office stakeholders, and key front office personnel. Additionally, the Capital Management Team is responsible for ensuring effective and efficient use of SMBC Combined U.S. Operations (“CUSO”) balance sheet with a goal of improving return on capital measures for the Americas Division.

Summary:

The Capital Management Function seeks a qualitatively and quantitatively oriented individual for the position of Vice President, Capital Management. The candidate will support and enhance Treasury’s Capital Management Function. Projects will span numerous areas including: (i) developing and enhancing balance sheet and capital forecasting methodologies across various scenarios and stress continuum; (ii) collaborating with cross-functional stakeholders to streamline processes / capabilities; (iii) developing and updating institutional Treasury policies and procedures; and (iv) general and ad-hoc workstreams associated with managing the bank’s capital position.

This position involves cross-functional interaction and collaboration across teams within Treasury and the broader firm, including but not limited to Liquidity Management, Asset Liability Management, Regulatory Reporting, Financial Controllers, and Finance Change Management. The ability to assimilate knowledge, work efficiently, and communicate effectively across these functions will be key to success.

Key benefits include the unique opportunity to understand initiatives from a firmwide perspective; experience building analytical processes that support decisions in a variety of settings; development of specialized capital knowledge; exposure to senior leadership; and the opportunity to work in a creative and dynamic team.
 

Key Competencies:

• Partnership and Collaboration Skills: Strong communication skills required to work effectively with stakeholders at all levels in the organization.  Strong ability to influence without authority to guide and convince others, including members of own team and colleagues in other areas of the bank;
• Project Management: Ability to maintain administrative workflows to support the ongoing needs of the broader team on a regular basis. Management of multiple initiatives simultaneously and the ability to plan / prioritize accord