New York, NY, 10176, USA
24 hours ago
Vice President, Liquidity Specialist
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 $130,000.00 and $165,000.00. 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. **JOB SUMMARY** This role will be in the Liquidity Management Function, which is part of the Corporate Treasury within the SMBC Americas Division. The candidate will be part of an ongoing Treasury transformation, and drive efforts related to Position Management & Analytics across the Consolidated U.S. Operations (CUSO). Reporting to the head of Position Management and Analytics, the candidate will be expected to build strategies to manage the liquidity positions, collaborate with Markets Treasury, Operations, Technology, Risk, and Business lines, and monitor the end-of-day liquidity position on a daily basis. The candidate will become a core member of the group and operate in an exciting, fast-paced team environment. **SCOPE** The Liquidity Management function sits in the Treasury Function of the New York Branch within the SMBC Americas division. The incumbent will support the Director as an independent, critical thinker and drive various initiatives. Additionally, the candidate will be expected to effectively collaborate with cross-functional teams, drive change, and conduct activity with a risk-owner mindset. **PRIMARY RESPONSIBILITIES** The job responsibilities are described herein: + Own liquidity monitoring/management framework and escalation protocols for liquidity metrics breaches. Develop strong partnerships with key stakeholders to adequately understand the liquidity position, continuously identify trends/risks, and collaborate with funding desks to manage liquidity positions. Conduct annual recalibration of liquidity metrics thresholds/limits for effective liquidity management. + Maintain the Contingency Funding Plan (CFP) for CUSO. Execute the annual CFP test by collaborating with the Markets Treasury, Business, and Risk, as well as engaging senior management and Head Office. + Conduct a full scope assessment of the CUSO-wide intercompany framework, and evaluate cross-entity frictions that could impede the flow of liquidity. Document known frictions and leverage analysis for Resolution Planning. + Develop the firm's reporting capabilities required for Resolution Planning, while collaborating with various stakeholders within CUSO Treasury and Risk Management. + Participate in the New Products Process from a Treasury perspective by interacting with the business and clearly communicating downstream impacts on funding/liquidity. + Prepare materials for senior management committees on liquidity position updates, liquidity metrics framework / governance, funding strategies, CFP, etc. Respond to regulatory inquiries/exams and provide information on the aforementioned areas. + Collaborate with other pillars in Liquidity Management such as methodology development and intraday liquidity management as needed. + Support SMBC in any exams or requests from the Federal Reserve Bank and/or other regulators and serve as the SME as it pertains to Position Management & Analytics from a first line standpoint; and address internal findings issued by lines of defense. + Compliance with the firm's code of conduct and adhere to proper controls policies and procedures which are applicable. **CRITICAL JOB KNOWLEDGE AND CORE COMPETENCIES/SKILLS** + Proven ability to drive initiatives from start to finish in a fast-paced environment and to deliver quality results that can withstand regulatory scrutiny + Experiences and knowledge in liquidity metrics framework, Contingency Funding Plan, and Resolution Planning preferred + Intellectually curious with strong analytical skills and functional knowledge of financial market products. Experiences with data analysis is a plus + Prior mentorship experience; ability to manage projects where effective cross collaboration with individuals with different skillsets is required + Ability to build engagement by consulting with and involving others across SMBC + Proactively identifies process improvements and develops meaningful solutions to achieve improvements + Familiarity with Regulation YY, BCBS 248; and prior experience in Liquidity Management or Core Treasury function at financial institution preferred **REQUIREMENTS** + Work Experience: 5 to 7 years of comparable or relevant experience; Banking, Money Markets a plus + Preferred Education: BA / BS (or equivalent experience) + Business fluency in the following language(s): English + Percentage of travel required: 0-10% **WORK ENVIRONMENT** SMBC's "5 Values" guide the overall culture of the work environment - Customer First; Proactive/Innovative; Speed; Quality; and Team SMFG. This job is performed in a secured bench seating office environment, using standard office equipment (i.e., desktops, phone, etc.) The role may regularly require long hours and occasional weekend work, as job duties and team priorities demand. **PHYSICAL DEMANDS** The physical demands described here are representative of those that must be met by an employee to successfully perform this job: Standard SMBC office environment. **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. 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.
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