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.
Role Description SMBC Combined U.S. Operations ("CUSO") Corporate Treasury seeks a quantitatively oriented individual, with relevant industry experience for the position of Associate. The candidate will perform various Balance Sheet & Capital Optimization functions for ensuring effective and efficient use of the CUSO balance sheet with a goal of improving return on capital measures for the Americas Division.
This function will provide support to senior team leads and other business stakeholders in the Corporate Treasury Department Americas Division, which reports directly to the U.S. Chief Financial Officer ("U.S. CFO"). The ideal candidate will have a strong understanding of financial markets, instruments, US regulatory framework and risk management techniques.
This role will run various Balance Sheet Optimization initiatives including management of the comprehensive capital management framework that incorporates setting targets, monitoring/managing current capital levels, and performing SMBC AH testing in partnership with the risk management department, head-office stakeholders, and key front office personnel. These initiatives will span numerous areas including: (i) developing and enhancing balance sheet and capital forecasting methodologies across various scenarios and the stress continuum; (ii) collaborating with cross-functional stakeholders to enhance various funding and risk management processes and capabilities; (iii) managing related BAU processes such as subsidiary funding, new product approvals, management reporting; and (iv) various ad hoc, regulatory remediation initiatives, as required.
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 crucial for success.
Key benefits include the unique opportunity to lead initiatives from a firmwide perspective; experience building analytical processes that support decisions in a variety of settings; development of specialized Treasury knowledge; exposure to senior leadership; and the opportunity to work in a creative and dynamic team.
Role Responsibilities - Integrate balance sheet capital management and forecasting methodologies within the AD CFO/CUSO Treasury organization
- Develop PPNR and balance sheet forecasts across various business lines (investment banking, trading, commercial, consumer) for the purpose of CCAR stress testing and business planning processes
- Run processes and perform ad-hoc analyses to support BAU and strategic initiatives, including capital distribution, cost of capital, group policies and procedures, and analytics
- Analyze and interpret financial statements to develop forecasting processes to enable entity, business, and regional views of both local and global financial resource consumption and constraint
- Develop and enhance financial forecasts and perform detailed analyses to support capital management initiatives, including stress testing
- 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
