Risk Identification Specialist - SMBC : Job Details

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 $143,000.00 and $185,000.00. 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 Risk Identification role plays a critical part in supporting the bank's capital planning and stress testing framework. This position is responsible for leading the identification, assessment, and documentation of material risks across the enterprise to ensure alignment with CCAR regulatory expectations. The role involves close collaboration with business units, risk stripes, and scenario design teams to ensure comprehensive risk coverage and integration into capital adequacy processes.

Role Responsibilities:

• Support the Risk Identification process in alignment with regulatory requirements.
• Partner with business lines and risk teams to identify material and emerging risks.
• Develop and maintain risk inventories and ensure traceability to scenario design and capital impact assessments.
• Facilitate and support workshops and interviews with senior stakeholders to validate risk identification outputs.
• Collaborate with Scenario Design and Risk Assessment teams to ensure risks are appropriately captured in stress scenarios.
• Prepare documentation and presentations for senior management, internal governance committees, and regulatory submissions.
• Monitor changes in the risk landscape and update risk inventories accordingly.
• Support regulatory exams and internal audits related to CCAR and enterprise risk management.

Preferred Skills:

• Experience working with cross-functional teams in a matrixed environment.
• Knowledge of macroeconomic trends and their impact on financial institutions.
• Ability to translate complex risk concepts into actionable insights for senior leadership.

Qualifications and Skills

• Bachelor's degree
• 7+ years of experience in risk management, stress testing, or CCAR-related roles within financial services.
• Excellent analytical, communication, and stakeholder engagement skills.
• Experience with risk identification frameworks and scenario analysis methodologies.
• Experience in developing policy/governance materials.
• Proficiency in Excel, PowerPoint, and risk management systems; familiarity with data visualization tools is a plus.

SMBC's employees participate in a hybrid workforce model that offers opportunities to work from home and from an SMBC office. Candidates will learn more about their specific hybrid schedule during the interview. Hybrid work may not be permitted for certain roles, including some FINRA-registered roles requiring in-office attendance for the entire workweek.

SMBC provides reasonable accommodations during the application process for applicants with disabilities in accordance with applicable laws. If needed, please contact us at [email protected].