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 Rail Services LLC, Manufacturers Bank, 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 $69,000.00 and $85,000.00. 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

Measure gross and net exposures across differing types of third-party services and vendors. Model expected business impact from vendor risks on the current, expected, and future exposures. Establish threshold for vendor risk across several elements including operational impact, sensitivity of information shared, scope of partnership, alternative resources, etc., depending on risk appetite. Monitor threshold and suggest remedial actions. Establish procedures for accepting vendors and establishing transaction terms, limits, and net exposure.

Role Objectives: Delivery

Compare current position to thresholds for vendor risk across several elements including operational impact, sensitivity of information shared, scope of partnership, alternative resources, etc. and highlight exceptions. Update model for changes in transaction levels, market conditions and risk appetite. Calculate vendor exposures and potential losses for regulatory reporting including capital adequacy. Perform testing / due diligence to ensure individual vendor transactions and dependencies conform to exposure limits, collateral requirements, and transaction terms.

Role Objectives: Interpersonal

Develop relationships with client-facing units to better understand the risks in their businesses, the instruments they handle, and their vendor relationships. Develop relationships with other units such as finance, compliance, legal and IT to improve workflows and data gathering / sharing. Begin to network within industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.

Role Objectives: Expertise

Demonstrate a basic knowledge of the market and risk policies to ensure that all vendor agreements are viable and contain adequate safeguards to meet risk management objectives. Demonstrate a fundamental understanding vendor risk and current practices in the market. Have a general understanding of information technology and project management to best partner with colleagues in the ongoing tracking of vendor risks for new and existing clients / products and to create meaningful modeling and analysis. Apply modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Communicate analytical data effectively.

Qualifications and Skills

Recommended years of experience: 1-3 years

Additional Requirements

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.