Risk & Control Advisory - Vice President

Risk & Control Advisory - Vice President

This Finance Control Oversight Vice President (VP) role will support the review and completion of Finance wide operational risk management activities, including Risk and Controls Self-Assessments (RCSAs), Operational Loss Events (ORE), Key Risk Indicators (KRIs), Risk and Controls Taxonomy, Controls Testing, and Issues Management in accordance with SMBC's methodology. The position is located at 200 Hudson Street, Jersey City. The position may require some travel domestically between 200 Hudson Street, Jersey City, 277 Park Avenue, New York, NY 10172 and 1 North Lexington Avenue, White Plains, NY 10601 but it is expected to be minimal (less than 10%).

Responsibilities

• Collaborate with Finance cross-functional teams to facilitate the execution of operational RCSAs.
• Participate in the design, enhancement, and execution of the RCSA program to provide support in identifying, assessing, monitoring, and escalating significant risks, issues, and concerns as part of risk assessments performed by the first and second lines of defense.
• Analyze and document existing, or new, processes and controls, and identify opportunities for improvement.
• Support the bank-wide coordination of the RCSA process in close collaboration with front line units to validate consistency with sound risk management standards, internal policy, and procedures.
• Review and challenge risk assessments conducted by the Finance first line and Operational Risk Management (ORM) second lines of defense.
• Conduct training sessions to increase awareness of risk management principles and practices.
• Promote a sound operational risk management culture across SMBC by supporting and providing oversight to the Finance functions.
• Develop a timely and efficient remediation plan for RCSA issues, and partner with the Finance issue management team to monitor the remediation process.
• Support the development, implementation, and maintenance of Finance-wide Key Risk indicators (KRIs) in collaboration with each Finance function.
• Work closely with stakeholders to verify accurate and timely collection of risk-related data for RCSA analysis.
• Support Finance functions to maintain all associated process documentation, risk taxonomies, policies, and procedures.
• Stay informed about industry best practices, regulatory requirements, and emerging trends in risk management to enhance the effectiveness of the RCSA program.
• Collaborate with Internal Audit, Compliance, and other relevant functions to verify alignment of risk management initiatives.
• Support management reporting, including ad-hoc tasks as needed.

Qualifications and Skills

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. 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.