Sumitomo Mitsui Banking Corporation – SMBC Group

Head of Liquidity Risk Oversight

Sumitomo Mitsui Banking Corporation – SMBC Group

full-time

Posted on:

Location Type: Hybrid

Location: New York City • New York • United States

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Salary

💰 $223,000 - $248,000 per year

Job Level

Lead

About the role

  • Lead a team of risk management professionals specialized in liquidity risk. Set the vision and strategic direction of the team, establish ambitious goals, and manage the team to ensure execution.
  • Perform ongoing independent oversight of the funding and liquidity position of SMBC branches and legal entities in the Americas region.
  • Execute ongoing review and challenge of the liquidity risk management framework. Execute a comprehensive annual review of the framework and perform ad-hoc reviews when elements of the framework change or when required by changes in market or internal conditions.
  • Identify enhancement areas in the liquidity risk framework and ensure enhancement plans are defined and implemented.
  • Participate in regional liquidity risk committees and governance forums.
  • Prepare and present liquidity risk analyses and reports to senior management, regional boards, and global risk committees, as required.
  • Ensure timely escalation of liquidity risk issues and limit breaches to appropriate stakeholders.
  • Promote continuous enhancement of the oversight framework established by the independent second line risk function.
  • Act as the primary point of contact for regional regulators on liquidity risk matters related to the second line function.
  • Ensure proper set up and documentation of the team’s processes. Strive for process automation and ensure efficiencies in the team’s operations.
  • Establish collaborative relationship with the first line Treasury functions; provide support and risk advice while maintaining independence.
  • Build and maintain relationships with business partners and foster a risk culture through the organization.
  • Interact with colleagues in Tokyo Head Office and in other regions (i.e., EMEA, APAC) to ensure coordination of methodologies and approaches for liquidity risk management.

Requirements

  • 10+ years of liquidity risk experience in the first- or second-line groups of large U.S. banks or FBOs
  • Strong background in financial markets and products
  • Extensive understanding of balance sheet products and risks, including the products’ impact on funding and liquidity risk
  • Deep knowledge and understanding of U.S. regulatory requirement for liquidity risk (e.g., Reg YY, SR 10-6, Reg WW); familiarity with other bank regulations (e.g., Reg W, Reg A, SR 12-7, SR 16-3)
  • Extensive experience in interacting with U.S. supervisors is required
  • In-depth expertise on regulatory metrics for liquidity risk such as LCR and NSFR; familiarity with 2052a report requirements
  • Deep knowledge of methods and approaches used for the quantification of liquidity risk. These include but are not limited to cash flow forecasting, liquidity risk metrics, liquidity stress testing, sensitivity analyses, and operational deposit modeling
  • Familiarity with Contingency Funding Plan requirements and liquidity elements of recovery and resolution planning, including RLAP and RLEN metrics and related frameworks
  • Experience in setting or assessing adequacy of funding and liquidity risk limits
  • Proven experience in leading risk management teams, defining the team vision, and achieving strategic goals
  • Strong leadership and interpersonal skills are required. Strategic thinking with ability to influence at senior levels
  • Extremely organized and structured with strong project planning skills and ability to deliver under tight deadlines
  • Excellent verbal and written communication skills with the ability to manage a variety of projects simultaneously.
Benefits
  • competitive portfolio of benefits

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
liquidity risk managementfinancial marketsbalance sheet productsU.S. regulatory requirementsregulatory metricscash flow forecastingliquidity stress testingsensitivity analysesoperational deposit modelingContingency Funding Plan
Soft skills
leadershipinterpersonal skillsstrategic thinkingproject planningorganizational skillscommunication skillsinfluencing skillsteam vision definitiongoal achievementprocess automation