What are the responsibilities and job description for the Operational Risk Analyst position at SMBC Group?
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.
Role Description
Reporting to the Operational Risk Officer, Director of Operational Risk, the position supports the Second Line of Defense Risk Management Department Americas Division’s (RMDAD) Non- Financial Risk (NFR) Operational Risk Framework – Key Risk Indicators (KRI) Program.
Role Responsibilities
Support the ongoing management of the KRI Program activities as per framework requirements.
Provide timely and accurate reporting of KRIs inventory and KRIs values to meet governance forums and internal stakeholders’ requirements.
Monitor and track Key Risk Indicators (KRIs) value submission by KRI areas and analyze KRIs values to identify trends and other insights for reporting and escalation purposes.
Maintain and track timely updates to KRI inventory and process execution trackers. Support KRI process execution activities like reconciliations etc., and report status, including any escalations.
Assist in managing KRI activities, preparing meeting materials, maintaining documentation, and tracking actions.
Support KRI identification and review process including review and challenge of KRI’s, KRI results and threshold breaches.
Support projects and initiatives for enhancement of the Operational Risk Management Framework including GRC tool implementation and audit, regulatory requirements.
Assist in KRI program training delivery.
Collaborate with internal stakeholders, KRI areas, risk officers to facilitate implementation of KRI program requirements.
Qualifications And Skills
1-3 years of direct work experience preferably in risk management.
High level proficiency in data and presentation tools such as Excel, PowerBI, PowerPoint
Bachelor’s degree required.
Strong project management skills, with ability to successfully manage multiple concurrent priorities.
GRC Tool Knowledge And User Experience Is Preferred.
Strong written and verbal communication skills.
Detail-oriented with proactive approach for management of various activities.
Foundational knowledge of Operational Risk Management 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.
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.
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.
Role Description
Reporting to the Operational Risk Officer, Director of Operational Risk, the position supports the Second Line of Defense Risk Management Department Americas Division’s (RMDAD) Non- Financial Risk (NFR) Operational Risk Framework – Key Risk Indicators (KRI) Program.
Role Responsibilities
Support the ongoing management of the KRI Program activities as per framework requirements.
Provide timely and accurate reporting of KRIs inventory and KRIs values to meet governance forums and internal stakeholders’ requirements.
Monitor and track Key Risk Indicators (KRIs) value submission by KRI areas and analyze KRIs values to identify trends and other insights for reporting and escalation purposes.
Maintain and track timely updates to KRI inventory and process execution trackers. Support KRI process execution activities like reconciliations etc., and report status, including any escalations.
Assist in managing KRI activities, preparing meeting materials, maintaining documentation, and tracking actions.
Support KRI identification and review process including review and challenge of KRI’s, KRI results and threshold breaches.
Support projects and initiatives for enhancement of the Operational Risk Management Framework including GRC tool implementation and audit, regulatory requirements.
Assist in KRI program training delivery.
Collaborate with internal stakeholders, KRI areas, risk officers to facilitate implementation of KRI program requirements.
Qualifications And Skills
1-3 years of direct work experience preferably in risk management.
High level proficiency in data and presentation tools such as Excel, PowerBI, PowerPoint
Bachelor’s degree required.
Strong project management skills, with ability to successfully manage multiple concurrent priorities.
GRC Tool Knowledge And User Experience Is Preferred.
Strong written and verbal communication skills.
Detail-oriented with proactive approach for management of various activities.
Foundational knowledge of Operational Risk Management 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.
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.