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 $235,000.00 and $265,000.00. 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

The role is responsible for the execution and delivery of projects in model risk management. Reporting to the head of Model Risk Management this person will play a crucial role partnering with stakeholders across the firm including model owners, model developers, IT, audit, senior management and the Board.

Role Objectives: Delivery

Track multi-year projects in Model Risk Management including regulatory compliance programs, IT and systems development and ad-hoc projects. Ensure robust change management processes and controls and oversee the creation of closure packages for audit and regulators. Partner with first line model owners and developers to ensure timely completion of findings and issue and ensure that Model Risk programs are fully aligned with other bank programs that impact model risk.

Role Objectives: Interpersonal

Facilitate close partnerships and strong collaboration across the entire firm to ensure the model risk programs are aligned with other bank-wide programs to ensure efficient and effective delivery.

Show curiosity and willingness to learn about different units within the firm.

Role Objectives: Expertise

Knowledge of core Model Risk Management concepts such as Identification, Tiering, Development Standards, Independent Review, Ongoing Monitoring and Change Management.

Expertise in understanding audit requirements and producing robust closure packages.

Extensive Project Management experience in banking especially with respect to regulatory programs (examinations, issue remediation and regular meetings).

Qualifications and Skills

Recommended years of experience: 8+ in regulatory remediation projections. Knowledge of regulations such as SR Letter 11-7.

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.