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 $125,000.00 and $170,000.00. 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.

General Department Description

The Balance Sheet and Capital Management Function manages the U.S. capital position of SMBC Americas Holding and its major subsidiaries. This function provides support to senior management and other business stakeholders in the Strategic Planning Department, Americas Division (“SPDAD)”. U.S. Treasury reports directly to the U.S. Chief Financial Officer (“U.S. CFO”). 

 

The function is responsible for a 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 an effective and efficient use of SMBC U.S. Operations balance sheet with a goal of improving return on capital measures for the Americas Division.  

Hybrid Arrangements

The role requires a hybrid work arrangement with a current expectation of two days in-office per week, subject to change in accordance with organizational needs. 

In this Role you will:

The Balance Sheet and Capital Management Function seeks a quantitatively oriented individual for the position of VP, Balance Sheet and Capital Management. Projects and the associated management of those projects will span numerous areas including: 

Develop statistical models for the bank’s balance sheet and income statement (PPNR)  Build interest rate risk models (e.g. deposit attrition/pricing, loan and MBS prepayment) for asset and liability management (ALM)  Collaborate with cross-functional teams, including ALM, liquidity management, model validation, risk and front-line businesses  Liaise with internal stakeholders to manage quantitative modeling items on QRM platform for ALM platform  Provide analytical solutions that help senior management to prioritize, initiate and execute strategic decisions   Responsibilities: Integrate ALM and balance sheet forecasting methodologies within the Treasury organization  Conduct statistical analysis and build models to forecast PPNR and balance sheet line items   Conduct back-testing, sensitivity analysis and attribution analyses along with other modeling and analytical tests to provide robust quantitative solutions   Communicate key analytical findings, conclusions, and recommendations to senior leadership  Maintain project management reporting for balance sheet and capital management initiatives including primary objectives, timelines, status, dependencies, and issues  Qualifications: 5+ years of working experience in financial industry in Finance, Treasury, or Risk departments – prior experience in CCAR/DFAST or Treasury modeling is preferred  3+ years experience in performing quantitative modeling and/or credit risk analysis  Bachelor’s degree in mathematics, statistics, computer science, finance or related fields; Master’s degree preferred  Lead and drive initiatives through creative thinking and pragmatism  Strong analytical and problem solving skills  Coding experience in Python, R, or SAS  Proficiency with Word, Excel, PowerPoint, Tableau  Previous experience with QRM is preferred 

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.