Overview

The SMBC Japanese and Asian Corporate Banking Department (JDAD) Business Control Officer (BCO) is a business-aligned change agent and risk management individual contributor. The BCO provides the Business Unit with guidance on processes and control design, ensures effective assessment of risk across the transaction lifecycle, and supports Business Unit interaction with 2nd LoD functions including Risk Management and Compliance.

The SMBC Japanese and Asian Corporate Banking Department Business Control Officer (BCO) is primarily an individual contributor. The BCO is responsible for the full scope of SMBC Japanese and Asian Corporate Banking Department (JDAD) processes & controls. The SMBC Japanese and Asian Corporate Banking Department (JDAD) BCO has dual reporting into the Coverage and Capital Markets Vertical Business Control Officer and the SMBC Japanese and Asian Corporate Banking Department General Manager (GM) or designee.

The anticipated salary range for this role is between $190,000 and $231,000. 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.

Responsibilities

• Leads and provides expert guidance on assessment of processes and controls across the end-to-end transaction lifecycle, proactively assessing threats, vulnerabilities, and possibility of future incidents
• Performs process re-engineering to improve efficiency and strengthen controls within the SMBC Japanese and Asian Corporate Banking (JDAD) business.
• Coordinates SMBC Japanese and Asian Corporate Banking Department (JDAD) interactions with 2nd Line of Defense functions, Internal Audit, and Regulators pertaining to processes and controls.
• Coordinates management of risk appetite, limits and guideline setting & issue management for the SMBC Japanese and Asian Corporate Banking (JDAD) business.
• Performs risk management framework and related risk assessments of SMBC Japanese and Asian Corporate Banking Department (JDAD), supporting the Japanese and Asian Corporate Banking Department GM.
• Support 1st LoD via performance of issue management & root cause analysis
• Liaises between SMBC Japanese and Asian Corporate Banking Department (JDAD) and control functions to execute on 2nd Line of Defense risk assessments (e.g., RCSAs), as required
• Ensures the business unit is operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with the aforementioned requirements
• Provides education for SMBC Japanese and Asian Corporate Banking Department (JDAD) staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance
• Oversee 1st LoD activities and assist specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs within the SMBC Japanese and Asian Corporate Banking Department (JDAD) business.
• Assess business-unit level key metrics to ensure operational effectiveness, establish and manage SMBC Japanese and Asian Corporate Banking Department (JDAD) level metrics, supporting the Coverage and Capital Markets Vertical BCO's vertical level assessment
• Supports the head of the SMBC Japanese and Asian Corporate Banking Department (JDAD) strategy and product development (incl. new product development) through identification of risk & control considerations, as well as definition & operationalization of risk mitigants
• Ensure that risk management considerations are embedded in SMBC Japanese and Asian Corporate Banking Department (JDAD) processes and strategy

Qualifications

• Fluent in Japanese 
• Functional knowledge of process and control design, including process mapping and process reengineering
• Functional knowledge of risk assessment and issue management
• Functional knowledge of change management and continuous process improvement practices
• Functional knowledge of Corporate Lending processes
• Functional knowledge of banking and lending related compliance and risk management requirements & best practices
• Strong leadership and communication ability, inclusive of conflict resolution and project management abilities