New York, NY, 10176, USA
15 days ago
Director, CUSO Treasury
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 $200,000.00 and $225,000.00. 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 CUSO Corporate Treasury seeks a strategic, critical thinking, detailed oriented individual, with relevant industry experience for the position of Director, within CUSO Treasury. The candidate will lead various Balance Sheet Optimization initiatives for ensuring effective and efficient use of SMBC Combined U.S. Operations (“CUSO”) balance sheet with a goal of improving return on capital measures for the Americas Division. The ideal candidate will have a strong understanding of financial markets, instruments, US regulatory framework and risk management techniques. **General Department Description** This role will be within the Capital Management Function of CUSO Treasury. This role leads various Balance Sheet Optimization initiatives including management of the comprehensive capital management framework that incorporates setting targets, monitoring/managing current capital levels, and performing SMBC AH testing in partnership with risk management department, head-office stakeholders, and key front office personnel. Additionally, the Balance Sheet and Capital Management Team is responsible for ensuring effective and efficient use of SMBC Combined U.S. Operations (“CUSO”) balance sheet with a goal of improving return on capital measures for the Americas Division. This function also provides support to senior management and other business stakeholders in the Corporate Treasury Department Americas Division”), which reports directly to the U.S. Chief Financial Officer (“U.S. CFO”). **Summary** + Lead a team to run processes and perform ad-hoc analyses to support BAU and strategic initiatives, including capital distribution, cost of capital, group policies and procedures, and analytics; + Support various process improvement and optimization projects, including New Product Approval and Sub Funding process, from ideation through planning and implementation and standardization as a BAU process. + Prepare high quality, well-structured presentations for senior leadership and other stakeholders; + Maintain an understanding of SMBC’s regulatory capital and funding processes and anticipated future regulatory rule changes; + Collaborate cross-functionally across Risk, Finance, and Treasury teams and maintain foundational knowledge across Treasury disciplines, inclusive of liquidity management, funds transfer pricing, and asset / liability management; and + Actively participate in the training and development of team members **Key Competencies** + **Self-Starter:** Demonstrates motivation to understand processes, has the confidence to question the status-quo and resilience to find creative solutions in a complex work environment. + **Partnership and Collaboration Skills:** Strong communication skills required to work effectively with stakeholders at all levels in the organization. Strong ability to influence without authority to guide and convince others, including members of own team and colleagues in other areas of the bank. + **Improvement Mindset:** Demonstrated ability to understand and derive relationships across complex subject matters in order to perform sophisticated, complex analyses to achieve efficiencies. + **Organizational and Time Management Skills:** Ability to manage a constantly evolving inflow of projects and meet targets. + **Adaptability to Change:** Thrives on challenges in a fluid and dynamic working environment. + **Presentation Skills:** Ability to produce senior management ready reoccurring and ad-hoc packages for CUSO Treasurer, U.S. CFO and other key stakeholders inclusive of financial results, peer comparisons, what-if analyses with regards to new initiatives and/or new business. **Qualifications and Skills** + 8+ years of working experience implementing large projects and managing teams, in financial industry in Finance, Treasury, or Risk departments; + Bachelor’s degree in finance, accounting, mathematics, computer science or related field, Master’s degree preferred; + Exposure to various Liquidity, Interest Rate Risk, Capital Regulations. Experience in Regulatory remediation and / or CCAR implementation is a plus + Proficiency with Word, Excel, PowerPoint, Power BI; and + Strong presentation and inter-personal skills **Hybrid Arrangement** The role requires a hybrid work arrangement with a current expectation of two days in-office per week (M-Th), subject to change in accordance with organizational needs. 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.
Confirm your E-mail: Send Email