Market Risk Governance Manager
Sumitomo Mitsui Banking Corporation – SMBC Group
full-time
Posted on:
Location Type: Hybrid
Location: New York City • New York • 🇺🇸 United States
Visit company websiteSalary
💰 $135,000 - $180,000 per year
Job Level
Mid-LevelSenior
About the role
- Support all market risk governance obligations under CFTC Swap Dealer rules, including Risk Management Program (23.600), Supervision (23.602), and overall NFA compliance.
- Ensure governance compliance with SR11-7, Heightened Standards, and internal Risk Appetite.
- Maintain governance linkages between swap dealer programs and broader CUSO frameworks.
- Track regulatory developments and interpret implications for swap dealer governance, reporting, and risk controls.
- Serve as risk governance lead for new business initiatives across SMBC Capital Markets and Nikko including, new products and cross-entity initiatives.
- Strengthen and maintain the risk issue management framework across CUSO Market Risk, the swap dealer, and Nikko Risk.
- Lead issue governance, tracking, and compile closure packs of regulatory, audit, and internal risk findings for Market Risk.
- Ensure root cause analyses, action plans, remediation evidence, and validation align with regulatory and internal standards.
- Produce timely and accurate dashboards, metrics, and reporting for senior management and governance committees.
- Provide strategic insight and support on business growth plans, infrastructure changes, and regulatory driven initiatives.
- Drive continuous improvement of governance processes, templates, risk reporting and cross-entity and cross-regional coordination.
Requirements
- 5–10 years of experience in market risk, counterparty risk, risk governance, broker-dealer risk, or swap dealer oversight in a large financial institution.
- Strong writing, communication, and relationship building skills
- Proven ability to partner across functions and drive complex issue remediation efforts.
- Required: Bachelor’s degree (BA/BS).
- Preferred: Advanced degree such as MBA or MS in Finance or Risk Management.
Benefits
- SMBC offers a competitive portfolio of benefits to its employees.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
risk managementrisk governanceregulatory complianceroot cause analysismetrics reportingdashboardsissue trackingremediationrisk reportingfinancial analysis
Soft skills
communicationrelationship buildingstrategic insightcollaborationproblem solvingleadershiporganizational skillswritinginterpersonal skillscontinuous improvement
Certifications
Bachelor’s degreeMBAMS in FinanceMS in Risk Management