Associate, Finance Change Managment

 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 $92,000.00 and $140,000.00. 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

Finance Change is primarily responsible for establishing and managing large-scale programs focused on implementation of processes, methodologies, and systems that meet regulatory requirements and industry best practices.

 

Within the larger Finance Change team, the Data Governance team, namely the Functional Data Office (FDO) is focused on ensuring that the sub functions within finance meet the data governance requirements established by the AD Chief Data and Analytics Organization (CDAO).

 

To support SMBC Americas' BCBS compliance as mandated by our Head Office, SMBC Finance is executing a major initiative to meet the gaps identified by the BCBS 239 assessment.

 

The FDO team within Finance has identified Tier 1 KDU’s that need to meet the data governance requirements laid out by the policies of the CDO office, in particular to meet the requirements of the BCBS gap assessment.

 

The Vice President will be responsible for rigorously executing upon and managing a portfolio of prioritized finance data strategy and data management (including setting up adequate data governance), working closely with senior stakeholders across SMBC Americas.

 

Responsibilities

 

• Manage a portfolio of prioritized finance data governance initiatives / workstreams
• Support the identification and establishment of the Key Data Uses (KDU) inventory for the finance function
• Work with finance data stewards to identify and onboard the Key Data Elements (KDEs) for all of the identified KDUs, including documenting definitions, gathering and validating metadata, securing approvals from data owners and data stewards, completing the onboarding templates as required by the CDAO office
• Work closely with the AD FDO team to document data quality controls that meet the standards laid out by the AD CDAO office
• Support the implementation of data quality rules in alignment with the CDAO guidelines, working closely with the CDAO data quality rules implementation team
• Identify data quality issues and exceptions and ensure they are captured in the firms data quality issues repository
• Work closely with the AD finance data governance team to perform root cause analysis of the data quality rules and drive remediation
• Identifying, developing, and maintaining key aspects of the firms Data Lineage exercise - in line with best practices and industry expectations
• Support the finance functions ongoing initiative to source reference data from the firms strategic sources
• Contribute to the ongoing buildout of a reference data operating model and the associated workflows
• Contribute to the overall design and implementation of programs and/or technology strategy to establish projects that deliver sustainable, scalable solutions.
• Lead gap assessments against data policies and standards and reporting (management or regulatory) requirements to identify gaps and determine remediation plans
• Partner with finance SMEs, Chief Data Office,