Associate, Capital Management - Sumitomo Mitsui Banking Corporation : Job Details

Associate, Capital Management

Job Level: Associate

Job Function: Corporate Strategy

Location:

Jersey City, NJ, US, 07311 New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 4319

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 $80,000.00 and $130,000.00. 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.

Hybrid Arrangement:

The role requires a hybrid work arrangement with a current expectation of one day in-office per week (T-Th), subject to change in accordance with organizational needs.

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 Corporate Treasury Department Americas Division ( CTDAD ), which 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 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.

Summary:

The Balance Sheet and Capital Management Function seeks a qualitatively and quantitatively oriented individual for the position of Associate, Balance Sheet and Capital Management. The candidate will support and enhance Treasury's Capital Management Function. Projects will span numerous areas including: (i) developing and enhancing balance sheet and capital forecasting methodologies; (ii) collaborating with internal stakeholders to streamline processes / capabilities within the Capital Management Function; (iii) developing institutional Treasury policies; and (iv) general and ad-hoc workstreams associated with managing the bank's capital position.

This position involves cross-functional interaction and collaboration across teams within Treasury and the broader firm, including but not limited to Liquidity Management, Asset Liability Management, Regulatory Reporting, Financial Controllers, and Finance Change Management. The ability to assimilate knowledge, work efficiently, and communicate effectively across these functions will be key to success.

Key benefits include the unique opportunity to understand initiatives from a firmwide perspective; experience building analytical processes that support decisions in a variety of settings; development of specialized capital knowledge; exposure to senior leadership; and the opportunity to work in a creative and dynamic team.

Responsibilities

* Develop and enhance financial forecasts and perform detailed analyses to support capital management initiatives;

* Support end-to-end project management of routine and ad-hoc workstreams within Capital Management through minute-taking, artifact documentation and status reporting to senior leadership;

* Maintain an understanding of SMBC's regulatory capital requirements / processes and anticipated future capital regulatory rule changes;

* Perform research and ad-hoc analyses to support BAU and strategic initiatives, inclusive of capital stress testing, group policies and procedures, subsidiary funding, balance sheet management, and data analytics;

* Utilize spreadsheet software and analytics tools to analyze and interpret large datasets;

* Prepare high quality, well-structured presentations for senior leadership and other stakeholders;

* 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 support the drafting, review, and update of relevant policies relating to Treasury fields such as the Capital Management Policy and Capital Distribution Framework.

Key Competencies:

* 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;

* Project Management: Ability to maintain administrative workflows to support the ongoing needs of the broader team on a regular basis. Management of multiple initiatives simultaneously and the ability to plan / prioritize accordingly against deadlines;

* Learning Agility: Aptitude to assimilate broad-ranging information quickly, execute tasks, and meet targets;

* Analytical Mindset: Demonstrated ability to understand and derive relationships across complex subject matters in order to perform sophisticated, complex analyses;

* Organizational and Time Management Skills: Ability to manage a constantly evolving inflow of projects and plan / prioritize appropriately;

* 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; and

* Grasp of Finance / Accounting Knowledge: Ability to understand, analyze, interpret financial statements to develop forecasting processes that enable entity, business, and regional views of both local and global financial resource consumption and constraints.

Qualifications and Skills:

* 2+ years of working experience in financial industry in Finance, Treasury, or Risk departments - prior experience in CCAR/DFAST is preferred;

* Bachelor's degree in finance, accounting, mathematics, computer science or related field, Master's degree preferred;

* MBA/CFA/FRM/CPA or other professional qualification highly preferred;

* Proficiency with Word, Excel, PowerPoint, Power BI; and

* Strong writing skills, previous experience in drafting corporate policies.

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 [email protected].

Nearest Major Market: Jersey City

Nearest Secondary Market: New York City