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SMBC Risk Data Management Director in New York, New York

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 $179,000.00 and $221,000.00. 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.

Role Description

The Director – Risk Data Management role will be within the Risk Department (RMDAD), reporting to the Executive Director – Risk Data Management.

Role Objectives: Delivery

  • Execute data governance, improve operational data quality, lead data related projects, and implement BCBS 239 compliance. Ensure timely, accurate and complete collection and aggregation of risk data.

  • Act as a data steward, providing guidance and ensuring best practices are followed. Ensure data stewardship processes are aligned with regulatory requirements and SMBC CDO policies and guidance. Promote the use of accepted data definitions, common reference data and sound data usage practices.

  • Define, monitor, and maintain the risk department’s data assets. Establish inventories of key data outputs, and key data elements. Document data lineage, define and monitor data quality controls. Establish key performance indicators for data quality and regularly report on metrics by producing data quality scorecards. Leverage the data governance platform (Collibra) to capture data governance artifacts. Provide executive level summaries of quality status to senior stakeholders.

Role Objectives: Interpersonal

  • Identify data quality issues, and work with the CDO team and other stakeholders to resolve these issues, improving overall data quality within the risk function. Lead initiatives to resolve data quality issues. Ensure risk reporting is accurate, clear and complete, and presented to the right stakeholders timely.

  • Collaborate with other internal stakeholders to ensure appropriate awareness and escalation of issues as they arise.

  • Maintain excellent team-wide subject matter expertise in risk data, keep up to date with data capabilities in the market, including cloud, artificial intelligence/machine learning, fintech, etc. Provide data expertise to technology, regulatory and other change projects (new development and enhancement).

Role Objectives: Expertise

  • Work with technology partners to implement the technology necessary to support the risk data governance program, including the adoption of bank wide master data management tools (e.g. counterparty master)

  • This job description is not designed to cover or contain an all-inclusive list of duties and responsibilities that are required of the position. Duties and responsibilities may change as SMBC deems necessary, including other duties and responsibilities assigned at any time with or without notice. At any given juncture, certain of the duties and responsibilities listed in the job description may constitute essential functions of the job

Qualifications and Skills

  • Recommended total years of experience: 8 – 12

  • Preferably 4 - 5 years of specialized experience as a data practitioner in Financial Services, preferably in the risk domain.

  • Education: BS/BA Required, preferred majors: computer science, information / data / system management; MBA or MS / PhD in information science

  • Strong communication (oral and written) and presentation skills

  • Demonstrated ability to lead a team of 2 - 4 people

  • Strong ability to lead in data governance and data quality issue management. Demonstrated experience working on key data elements and data lineage establishment. Experience with working with industry standard data governance tooling, e.g. Collibra. Experience in working with BCBS 239 assessments and remediation projects.

  • Experience in risk reporting preferred.

  • Strong ability to communicate business ideas and topics to technical and nontechnical audience

  • Ability to influence people outside the immediate span of control, negotiate and resolve conflicts, and work with stakeholders in various departments of the firm, or across lines of defense

  • Extensive knowledge of banking data systems (including SQL, NoSQL) and cloud data platforms (e.g. Azure) and related services.

  • Ability to work under pressure, operate comfortably in a fast-paced, demanding environment, and manage a significant workload with minimal supervision

  • Ability to collaborate with and successfully contribute to cross-functional teams and work with people from regions around the world

  • Advanced skills in MS Office products (PowerPoint, Excel, Word, etc.)

  • Ability to manage several projects with competing deadlines

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.

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.

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