Job Information
SMBC Vice President, Americas Division Operations Control Officer in New York, New York
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 $144,000.00 and $178,000.00. 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.
Job Summary
The AD Operations Function Control Officer (FCO) is a leader, change agent, and risk management expert. The role provides the AD Operations areas with expert guidance on processes and control design, ensures effective assessment of risk across the broader operating environment, and supports interaction between the Functions and 2nd LoD, including Risk Management and Compliance.
Scope
The AD Operations FCO will report to the Americas Division Head of Functions Control Officer with an indirect reporting line into the Americas Division Operations Head of Business Administration. The AD Ops FCO is responsible for the full scope of processes and controls within each Operations Vertical/Function which include Settlement Ops, Loan Ops, Treasury Ops, Client Onboarding and Deal Capture.
Primary Responsibilities
Leads and provides expert guidance on assessment of processes and controls across the functional areas within the Americas Division Operations, proactively assessing threats, vulnerabilities, and possibility of future incidents
Directs process re-engineering to improve efficiency and strengthen controls across the functional areas within the Americas Division Operations
Coordinates and supports interactions with 2nd Line of Defense, Internal Audit, and Regulators pertaining to processes and controls
Oversees implementation of risk management frameworks and related risk assessments of 1st LoD Functions executed by subordinate Control Officers
Leads educational efforts for 1st LoD staff across the Functions to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance
Ensure that the Functions are operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with requirements
Supports the Functions in the development of policies and procedures to enhance control environment
Provides business units with SME knowledge and expertise in the implementation of their programs
Assess key metrics to ensure operational effectiveness, establish and manage Function-level metrics
Support Functions strategic initiatives and projects through identification of risk and control considerations, as well as definition and operationalization of risk mitigants
Supervises Function-level Control Officer staff in their process and control-related objectives, including risk assessment (RCSA), issue management, root cause analysis, control testing and process and control assessments
Ensure that risk management considerations are embedded in daily processes and business strategy; identifies and reports on new/emerging risks
Produces or supervises production of management reporting and presents escalation items to management committees
Critical Job Knowledge and Core Competencies/Skills
Expert knowledge of process and control design, including process mapping and process reengineering
Expert knowledge of risk assessment and issue management
Expert knowledge of change management and continuous process improvement practices
Expert knowledge of banking and finances business and functional support areas
Executive-level leadership, communication, and strategy-development ability, inclusive of conflict resolution and project management abilities
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.
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.
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