TPRM Risk Governance Lead

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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 Rail Services LLC, Manufacturers Bank, 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 $188,000.00 and $220,000.00. 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.

JOB SUMMARY:

The Third-Party Risk Management Governance Lead will have second line risk management oversight of the Third-Party/ Vendor management program across both our digital bank (Jenius Bank) and commercial banking business at SMBC MANUBANK. This position will guide business stakeholders and senior management to ensure activities meet and adhere to company policies/ guidelines and are within the risk appetite of the bank, while collaborating with the parent company to ensure harmony in risk plans and processes.

JOB DUTIES & RESPONSIBILITIES:

• Implement a robust third-party risk assessment process with a scope that emphasizes the stages of the Third-Party Relationship Risk Management Life Cycle (due diligence and third-party selection, contract negotiation, ongoing monitoring, termination, and planning).
• Providing subject (risk) matter expertise for the Third Party Risk Management Program - attending working groups, providing effective challenge of assigned risk ratings, monitoring key risk indicators to ensure appropriate oversight of 1LoD activities and ongoing reporting of risks and current state evaluations to key stakeholders and board members.
• Partnering with the parent companies' Third Party Risk Management team to determine applicability to the SMBC MANUBANK processes and associated frameworks.
• Identifying and defining minimum requirements within policies and collaborating with the business to ensure procedures and processes adhere to minimum policy requirements and are within the risk appetite of the bank.
• Supporting the on-going development and improvement of the Third Party Risk Management and Oversight Program, through collaboration with stakeholders, process, technology and automation.
• Reviewing incoming third party engagement requests, performing quality checks of risk profile information for completeness and accuracy and following up with business requestors as needed.
• Keep apprised of emerging risks, regulatory changes, and industry best practices related to third-party risk management.

POSITION SPECIFICATIONS:

Education: Bachelor's or equivalent

Skills/ Qualifications:

• Minimum of 7 years of experience in a risk management or compliance role within the financial services industry, with a focus on third-party risk management.
• In-depth knowledge of FRB regulations, OCC, and FDIC guidance related to third-party risk management.
• Strong understanding of industry best practices for third-party risk management.
• Self-directed with ability to work independently, as well as leading or participating in a cross-functional team environment.
• Strong attention to detail with leadership, problem solving and organizational skills.
• Excellent communication and interpersonal skills, with the ability to effectively engage with stakeholders at all levels of the organization.

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 [email protected].