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 $143,000.00 and $185,000.00. 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.

Company

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.

Vice President, Sustainability and Climate Risk Management Role Description

This position sits within the Enterprise Risk Management of SMBC’s Risk Management Department, which is the 2nd line of defense independent risk management function for the bank. As a Sustainability and Climate Risk Management Vice President, you will play an important role in the buildout of SMBC AD’s sustainability and climate risk management program. This program supports the bank in its decarbonization transition and to measure and embed sustainability and climate risk considerations throughout the business and risk management. You will support bank’s sustainability and climate risk related regulatory reporting and disclosure to meet Federal & State regulatory expectations. You will work with leaders across risk disciplines and business units to develop sustainability and climate risk management methodologies and analytic tools. You will also help advise senior leaders in Risk, Business, and Regulatory Compliance functions on the operation of their businesses in a manner consistent to SMBC’s sustainability and climate policies, targets, and goals. Additionally, the role will involve close partnership with the firm’s Technology functions to develop and implement the required systems and processes to support achieving the goal of integrating sustainability and climate change into all business areas.

Role Objective Climate Risk Management Strategy: Develop and execute the bank's strategy for sustainability and climate risk assessment and analytics. Regulatory Compliance & Reporting: Partner with relevant corporate functions, e.g. regulatory reporting, legal, compliance, sustainability and risk verticals, to prepare sustainability and climate risk related reporting and disclosure under Federal & State regulatory guidelines. Analyze and understand relevant regulations and best practices related to climate risk, especially climate-related financial risk. Perform regulatory gap analysis of emerging regulatory expectations. Develop remediation strategies, implement changes, monitor progress, and regularly review relevant procedures to address potential future regulatory gaps. _ Risk Management: Utilize data-driven research and analysis to identify, assess, and quantify the financial risks associated with climate change, including physical and transition risks. Collaborate with senior management to integrate climate risk into the bank's overall risk management framework, including integration into credit, liquidity, operational and market risk, etc.  Support development of climate risk appetite metrics including KRIs and limits. Highly proficient in climate scenario analysis and stress testing, support ongoing practices. Collaborate with risk verticals to ensure climate risk management strategies are effective and up-to-date. Data Management & Analysis: Oversee the collection, processing, and analysis of climate-related data. Ensure the integration of climate data with existing financial and risk data systems. _ Stakeholder Engagement: Collaborate with internal teams, including credit risk, liquidity risk, operational risk, market risk, and sustainability team, to align climate risk management efforts. Engage with external stakeholders, including regulators, investors, and industry groups, on climate risk issues. Continuous Improvement: Stay informed of the latest developments in climate science, financial risk management, and regulatory requirements. Drive continuous improvement in climate risk modelling methodologies and processes. Foster a culture of innovation and excellence within the climate risk team. Role Qualifications Education: Master’s or Ph.D. in Finance, Economics, Environmental Science, Climate Science, or other quantitative fields. BA/BS with 3+ years’ direct climate risk management and reporting experience will also be considered. Experience: Minimum of 3+ years of experience in climate risk management and reporting. Experience in climate-related financial risk management and related regulatory reporting is highly preferred. Significant expertise and strong track record in climate risk related presentations, reporting and relevant document preparation. In-depth knowledge of climate risk factors, financial markets, and regulatory requirements. Experience in climate scenario analysis and stress testing. Good understanding of usage of climate scenario analysis in business applications and its integration into various risk categories such as credit, liquidity, etc. Experience in climate risk appetite metrics. _ Accountability: Take full responsibility for the end-to-end management of assigned projects, ensuring that all tasks are completed to the highest standard. Demonstrate a proactive approach in driving projects forward, anticipating challenges, and addressing issues promptly. Exhibit a strong commitment to meeting deadlines and delivering high-quality work. Maintain a disciplined approach to project timelines, consistently managing priorities and resources to achieve project goals without compromising on quality. Skills: Expertise in sustainability and climate risk techniques and financial risk assessment. Strong understanding of climate risk and its implications for financial markets. Proficiency in relevant software and programming languages (e.g., SQL, Python/R, Power BI, EXCEL VBA, etc.). Excellent communication and presentation skills. Ability to work collaboratively with cross-functional teams.

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.