Capital Reporting & Analysis Vice President

Capital Reporting & Analysis Vice President

Job Level: Vice President Job Function: Business Operations Location: Jersey City, NJ, US, 07311 Employment Type: Full Time

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 $124,000.00 and $175,000.00. 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

SMBC is seeking a self-motivated and diligent professional for a full-time position in the Regulatory Reporting - Capital Analytics Department. This position is responsible for supporting calculation of Risk Weighted Assets "RWA", specifically RWA calculation relative to Basel Rule for both credit and market risk. The candidate will work closely with key partners leading the RWA transformation efforts such as calculation automation, changes related to Basel III Endgame readiness, CCAR, SA-CCR as well as work with regulatory policy to interpret rule changes. Experience with regulatory reports is preferred.

• Calculate quarterly capital ratios and credit and market risk weighted asset calculation for the Bank Holding Company.
• Support analysis of Basel RWA Reporting based on US Regulatory requirements.
• Assist in requirements gathering, test case reviews, user acceptance testing of the calculation engine automation.
• Works with IT on systems implementation.
• Document and maintain EUC procedures and ensure financial controls and validations are performed as expected.
• Build metrics reporting, impact assessments, and reporting of ongoing monitoring of any exceptions.
• Be involved in understanding and assessing impact of rule changes on the calculations and addition of new products.
• Focus on improving governance, efficiency and control through process optimization, and proactively identifying and remediating areas of regulatory deficiencies.
• Identify opportunities for automation, increased transparency, and enhancement of business processes.
• Work closely with key partners to ensure alignment with strategic goals.

Qualifications and Skills

The ideal candidate needs to have work experience in finance, accounting and/or risk in similar domain. RWA calculation experience necessary. Bachelor's degree in finance, accounting or similar discipline 8+ years of related work experience Advanced Microsoft Office Suite (e.g. Excel) skills required. Self-motivated with ability to make decisions and maintain a controlled environment. Strong interpersonal/communication skills (oral and written) Strong capability to manage complex projects independently, coordinating across multiple stakeholder groups. Ability to interact with all levels of management, work independently and in a team environment. Ability to be flexible and follow tight deadlines. Ability to multi-task, be proactive and collaborative. Significant knowledge of change/program management, financial operations and planning, risk and controls management, IT processes, and data management.

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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.