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 $190,000.00 and $225,000.00. 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

This role is responsible for overseeing and mitigating risks associated with the Cash Management division’s transformation of their product suite and involves developing and implementing comprehensive risk management strategies and optimizing the businesses’ risk management framework. The ideal candidate will have extensive experience in financial risk management, transaction banking and regulatory compliance, with a strong focus on digital transformation and innovation.

Role Objectives: Delivery

Develop and implement risk management strategies that align with SMBC Cash Management’s overall objectives and business transformation

Lead the risk management of a new and robust suite of cash management products, (e.g., payments, receivables and channel solutions)

Work collaboratively with partners across various types of risk and compliance within SMBC’s organization, including domestic and global partners (e.g., EMEA and APAC)

Proactively identify operational risks and their potential impacts on the Cash Management division and its business transformation

Strengthen governance and organization for risk oversight, ensuring due diligence and compliance procedures are conducted in line with agreed controls and regulatory requirements

Work closely with various departments, including Risk Management, Compliance, Technology, and Product, as well as stakeholders, including senior management, to ensure effective risk management

Manage relationships with clients and third-party vendors, ensuring compliance with performance metrics and contractual obligations

Ensure compliance with AML, KYC, and transaction monitoring regulations, including NACHA Operating Rules and Guidelines

Identify gaps in risk reporting quality and improve the synthesis and practicality of reports for supervisory committees

Qualifications and Skills

Recommended years of experience: 10

 

Extensive experience in financial services, banking risk, financial crime prevention, AML, KYC, and transaction monitoring, as well as in-depth understanding of international and local regulatory frameworks relevant to the cash management landscape

Strong knowledge of payments, credit, and controls risks

Strong leadership and relationship management skills, with the ability to work collaboratively across departments and with external stakeholders

High level of accuracy and attention to detail in managing risk assessments and compliance documentation, with the ability to prioritize tasks and meet deadlines in a fast-paced environment

Ability to adapt to changing regulatory landscapes and business environments, with a proactive approach to learning and development

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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 will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.