**ABOUT THE ORGANIZATION** SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals. The anticipated salary range for this role is between $300,000.00 and $300,000.00. 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. Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers. To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank. Specialties: Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services **JOB SUMMARY:** As SMBC MANUBANK’s Financial and Quantitative Risk Management (FQRM) Managing Director, you will manage a unique role in the 2nd line of defense, reporting directly to the Chief Risk Officer. You will be responsible for two critical functions: (1) Managing the loss provision, credit policy, and risk appetite for the digital-only, direct-to-consumer, “Jenius Bank” product portfolio, launched in 2023. (2) Managing the 2nd line risk oversight function over model, liquidity, and market risks – at the bank level – which covers both Jenius Bank and the legacy commercial banking division – managing the risk appetite and defining & monitoring controls over these bank-wide functions. The position requires a quantitative-minded, data-skilled, hands-on, experienced, self-motivated, curious individual who enjoys looking at the multi-dimensional effects of change – how independent changes can have unexpected impacts on other parts of the bank – and how to build risk controls to identify and mitigate those risks. The FQRM Managing Director plays a critical role in looking at all financial risks, across both divisions of the bank – consumer and commercial – at a bank-wide level. The position requires a deep understanding of credit, liquidity, market, model, and financial statement risk management principles, best practices, regulatory requirements, and the ability to work collaboratively with various stakeholders to ensure the bank’s financial risk frameworks are robust and effective. As MANUBANK is a subsidiary of a global, systemically-important financial institution – SMBC – the position has direct interaction and influence over corporate policy, frameworks, and exposure management – representing MANUBANK’s positions in these corporate-wide endeavors. **PRINCIPAL DUTIES AND RESPONSIBILITIES:** + Develop, approve, and ensure proper implementation of comprehensive policies, procedures, and strategies across the risk taxonomy managed (credit, liquidity, market, model). + Be responsible for the consumer portfolio loss reserve, provisions, and CECL process, including communication to SMBC executives, bank Board of Directors (Committees), and leadership globally. + Develop, monitor, and enforce comprehensive, empirically derived, and demonstrably-sound risk limits, some of which are incorporated in the bank’s Risk Appetite Statement, adapting limits as economic and bank performance cycles indicate as prudent. + Ensure policies are routinely reviewed and well-communicated throughout the organization, that they are adhered to by the 1st line of defense credit organization, and that exceptions are noted in formal approvals. + Maintain an expert-level knowledge of the financial and regulatory landscapes – local, national, and global influences over drivers that can impact the bank – making adjustments as necessary. + Design and conduct stress testing and scenario analysis to assess the impact of adverse economic conditions on the various financial aspects of the bank – influencing larger global initiatives given the nuances specific to a regional-commercial and national-consumer bank. + Work collaboratively with all members of 1st and 3rd lines of defense, as well as Non-Financial risk specialists within the 2nd line of defense (also under the CRO). + Represent MANUBANK’s interests and act openly and cooperatively with key regional and global stakeholders, all levels of governance, and internal auditors and regulators. + Lead and mentor a team of analysts - maintaining ongoing support of the Bank’s risk culture throughout all management routines. + Support MANUBANK’s culture of Risk Management and Compliance as well as the SMBC/MANUBANK Code of Conduct, promptly recognizing and addressing problems, and holds colleagues accountable for maintaining the highest degree of integrity. **POSITION SPECIFICATIONS:** **Education:** + Bachelor's Degree in Finance, Economics, Business Administration, Scientific, Data Science or equivalent quantitatively-based field + Advanced degree or professional certification is preferred + CFA or FRM certification a plus **Skills and Knowledge:** + 15+ years of experience, including a majority in consumer lending / deposits, and overall bank financial management with a very significant period of that as the most senior individual responsible for the loan loss provision. + 10+ years as an exceptional senior consumer credit leader preferably with experience managing the loss provision through economic stress and a rapid growth environment. + Experience in both 1st and 2nd lines of defense is preferred, but not necessary. + Proven executive-level skills with significant experience in a senior management role (8+ years at an Executive Director/Managing Director level). + Strong communication skills with an interpersonal style which enables the executive to effectively interface with senior management including the CEO, Board of Directors, parent representatives, peers, auditors, and regulators. + Proficiency in modeling and data analysis – including machine learning, artificial intelligence, compliance. + Exceptional communication and presentation skills - communicates in an open, candid, clear and consistent manner. Can listen effectively and probes for new ideas. + High attention to detail with strong organizational skills. + Proven ability to recruit, build and develop a team with creative and high-caliber talent with the appropriate type/level of knowledge, skills, experience and positive work habits to drive success. + A hands-on professional manager, who has an approachable, personable style but who also has high energy and drive. The person’s integrity will be unquestioned and will also be an important ingredient in their composition. + Strong and diverse knowledge across retail banking lending products, with an advanced knowledge of scoring, machine learning, risk dynamics, and building/administering a comprehensive CECL loan loss reserve process. + Demonstrated experience designing continuously improving risk management systems that identify, size, and communicate risks as they evolve. + Experience across multiple product types – including deposits, personal loans, credit cards, and auto lending. Mortgage experience is a positive but not required. **EOE STATEMENT** 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. **CCPA DISCLOSURE** Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure . Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.