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 $115,000.00 and $142,000.00. 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

Sumitomo Mitsui Banking Corporation (SMBC) is hiring for a US Cash Management Liquidity Manager position.

 

This role will be directly responsible for driving and growing SMBC’s US Cash Management liquidity and deposits business, overseeing all aspects of client liquidity management including client deposit gathering strategies, account structuring & solutioning and optimizing the liquidity needs of clients across time zones and geographies. Taking a client-centric approach, additional responsibilities will include developing and implementing strategies for clients to optimize cash flow, improve liquidity forecasting, and ensure bank compliance with both US and international regulatory requirements. This role will partner and collaborate closely with multiple internal teams including Sales, Corporate Banking, Treasury, Finance and Operations, as well as other various departments, to provide comprehensive cash management solutions while driving innovation in liquidity management to deliver for our clients. This role will report into the Head of Cash Management Deposits for the US.

 

Role Objectives: Delivery

Develop and execute a liquidity strategy to drive deposit growth, accelerate business profitability and deliver bespoke liquidity solutions for clients.

Optimize SMBC client cash flows and liquidity positions based on client input and needs.

Oversee the management of liquidity products, including sweeps, pooling, forecasting, and short-term investments.

Lead and support project teams in the design and delivery of new products and enhancements.

Analyze customer, product, and competitive data to deliver on client needs while driving increased business optimization and P&L growth.

Collaborate with corporate clients to enhance cash forecasting and liquidity management capabilities through a client-backed approach.

Optimize SMBC’s balance sheet through deep analysis and understanding of liquidity stress testing and regulatory constraints.

Partner with the US Cash Management Product Management team, along with Technology and Operations teams, as well as the US Treasury team to deliver innovative and client-backed solutions.

Closely manage financial planning ensuring goals and targets are exceeded.

Serve as subject matter expert on liquidity management and solutions.

Role Objectives: Expertise

Apply an in-depth understanding of the Transaction Banking sector, including internal and competitor offerings, to provide subject matter expertise and proactively recommend new products and services to clients that can meet their needs. Demonstrate a strong understanding of the firm's risk framework to identify and mitigate unwanted exposures. Adapt processes as required by changes to regulations or risk appetite. Use outstanding verbal and written communication skills to interface with clients, keeping messaging clear and concise. Display exceptional project management skills to facilitate coordination between multiple parties to execute on transactions and track completion of key work-items.

Qualifications and Skills

Minimum 4-7 years in liquidity management, cash management, and treasury functions, preferably within a multinational bank.

Experience in working in an agile environment with client-backed design based and modern approaches to product conception, design and delivery.

Experience working in a matrixed business organization.

Experience working with global multinational corporations and clients.

Experience in managing P&Ls.

Understanding of new technologies such as machine learning and artificial intelligence and their potential applications to cash management.

Strong understanding of liquidity products, cash management processes, and global market trends.

Expertise in liquidity accuracy, balance sheet management regulatory compliance, and liquidity stress testing.

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

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.