Operational Risk Associate
Job Location:
Charlotte, VT - USA
Monthly Salary:
Posted on:
Vacancies:
Job Summary
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 80000 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. SMFGs 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 organizations extensive global network. The Groups 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
The Operational & Regulatory Risk Management Associate reports to head of Control Testing Risk Appetite and Stress Test team within the Non-Financial Risk Management Group in the Risk Management Department. The roles primary function is to support the execution of the Stress Test Risk Appetite and Control Testing programs as well as the design and subsequent execution of the new and CCAR compliant Stress Testing program.
Role Responsibilities
Assist in the execution of Operational Risk Stress Testing program
Perform the data analysis for the identification and quantification of scenarios for Stress Testing program
Support scenario development and refinement
Create information packs for the workshops in the Stress Testing program
Assist in the execution of the workshops including documentation minuting and follow-ups
Support the redesign of the stress testing program as part of the CCAR readiness initiative
Support the recalibration of risk appetite metrics by analyzing internal losses and control environment to ensure alignment with the firms risk profile
Assist in the execution of Control Testing program
Create and monitor Control Testing campaigns in the GRC system
Responsible for Control Testing reporting and data analysis
Assist in the review and challenge of Control Testing Scripts and Results
Assist in updating Control Testing Policy and Procedures as and when they are required
Act as point person for Control Testing GRC system enhancements and perform UAT
Qualifications and Skills
1-3 years of relevant Finance experience
In-depth knowledge of U.S. non-U.S. and international banking laws and specifically Risk Management frameworks and regulatory CCAR requirements
Excellent communication skills leadership and relationship-building skills to work with internal departments affiliates Head Office and regulatory bodies.
Strong reasoning ability; understands complex situations people and system needs against backdrop of managing a risk management environment.
Strong analytical skills; great attention to detail and ability to work independently.
Expert communication and presentation skills.
Expert ability to work collaboratively with internal risk management colleagues across multiple risk stripes Front Office and Middle & Back Office personnel across all subsidiaries and globally.
Experience with Python for analyzing datasets
Working knowledge of Agentic AI
Experience with data visualization tools (e.g. Tableau Power BI Looker or similar)
Proficiency in Microsoft Excel (pivot tables formulas lookups)
SMBCs 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
Required Experience:
IC
