Associate, Operational Risk

Sumitomo Mitsui Financial Group, Inc. • $79K — $112K *
Jersey City, NJ 07305In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Statistics, Mathematics, or a related field
  • 2 years of relevant experience
  • Specialized skills in Applied Data Visualization
  • Experience in Information Technology Operations & Service Management (ITSM)
  • Project Coordination and Management expertise
  • Strong foundation in Risk Management

Responsibilities

  • Perform operational risk reviews for frameworks and policies
  • Collaborate with first-line functions on risk evaluations
  • Conduct oversight of business area programs and functions
  • Provide expertise in control design and evaluation
  • Review and assess risk mitigation action plans
  • Maintain and enhance risk control data
  • Develop risk dashboards and key risk indicators

Benefits

  • Annual discretionary incentive award
  • Hybrid remote work model
  • Competitive benefits portfolio
  • Access to ongoing training and development opportunities
  • Opportunities for career advancement within the firm
Full Job Description
Role Descrpition

  • Perform domain specific review and challenge of first-line operational risk functions covering frameworks, policies, methodologies, people, processes, systems, regulation, and external factors relating to operations, resilience, and business continuity management to provide required risk oversight and governance. Collaborate with first-line functions (e.g., Operational Resilience, Business Continuity, IT, Business Control Operations) on risk evaluation and control effectiveness.
  • Review risk mitigation strategies and controls aligned with the firm's risk appetite, control taxonomies, and residual risk tolerances.
  • Conduct second-line oversight reviews of business area programs and functions, including process assessments and risk/control self-assessments of operational risks associated with technology, business continuity, and resilience.
  • Provide subject matter expertise in the design and evaluation of controls within assigned risk domain.
  • Review risk mitigation action plans to reduce residual risk as identified through the review and challenge process.
  • Maintain and enhance risk and control data using historical data and forward-looking scenarios.
  • Develop and evaluate risk dashboards and key risk indicators for accuracy and completeness utilizing applied analytical analysis.
  • Develop meaningful risk metrics, themes, and trends and reporting through modeling and analytical techniques.
  • Produce summaries and reports that quantify current risk levels in support of reporting to risk committees.
  • Plan and manage project tasks and deliverables from start to finish by setting project goals, organizing tasks, coordinating meetings, and ensuring projects are completed on time with issues are raised and addressed.
  • Strong in communication and keeping stakeholders informed. Support management in regulatory exam activities (preparation, information gathering, presentations).

*Hybrid remote work permitted.

Qualifications and Skills

  • Bachelor's degree in Statistics, Mathematics or a related field plus 2 years of experience.
  • Special skills: Applied Data Visualization; Applied Analytical Analysis; Information Technology Operations & Service Management (ITSM); Project Coordination and Management; Risk Management.
  • The required skill set does not need to be maintained over the full term of the required experience and may be gained through employment or education.


The role is eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

For benefit information, please see the Careers page

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. 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.

About Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial Group, Inc. Careers

There has never been a more opportune time to join the dynamic team at Sumitomo Mitsui Financial Group, Inc. (SMFG)—a leading force in the financial services industry recognized for its leadership in innovation and diversity.

Explore Job Opportunities

Sumitomo Mitsui Financial Group, Inc. offers a plethora of job opportunities that cater to a variety of skills and interests. The company is renowned for its commitment to professional growth and leadership development, making it an ideal environment for ambitious individuals looking to advance their careers.

Experience Professional Growth

At SMFG, career advancement is not just a possibility but a priority. The company supports its team members with extensive training programs, including leadership development and diversity training, ensuring that every employee has the tools and knowledge necessary to succeed.

Join a Diverse and Inclusive Team

Diversity and inclusion are at the core of the company culture at Sumitomo Mitsui Financial Group, Inc. With a global team that values unique perspectives and fosters a collaborative and inclusive environment, SMFG is a place where everyone can thrive.

Internship Programs

For those starting their career journey, SMFG offers internship programs that provide a robust foundation in the financial sector. Interns gain invaluable experience, working alongside seasoned professionals and engaging in projects that offer real-world applications of their studies.

Benefits and Culture

Sumitomo Mitsui Financial Group, Inc. is dedicated to not only attracting but also retaining top talent by offering competitive benefits that enhance both personal and professional life. The company culture promotes work-life balance, employee well-being, and continuous learning.

Innovative Work Environment

Innovation is a key driver of SMFG’s success. Employees are encouraged to bring forward-thinking ideas to the table and are provided with the resources to transform these ideas into actionable solutions that drive the financial industry forward.

Networking and Career Development

Networking opportunities within SMFG are abundant. Employees are encouraged to connect with colleagues and industry leaders through various platforms and events, enhancing their professional network and opening doors to myriad career opportunities.

Apply for a Position

Sumitomo Mitsui Financial Group, Inc. is actively hiring and looking for talented individuals who are passionate, curious, and driven. Explore open positions that match your skills and interests on the SMFG careers page.

Stay Connected with SMFG Careers

Keep up to date with the latest career tips, industry insights, and company news from Sumitomo Mitsui Financial Group, Inc. Subscribe to receive updates and stay informed about new job openings and employment trends.

Prepare for Your Interview

Aspiring to join SMFG? Prepare your resume to reflect your best self and gear up for the interview process where you can showcase your skills and passion for finance and innovation.

Career Opportunities Await

At Sumitomo Mitsui Financial Group, Inc., the potential for professional development and personal growth is limitless. Discover the exciting and rewarding career opportunities that await at SMFG, where every position contributes to the company’s global success and leadership in the financial industry.
Learn more about Sumitomo Mitsui Financial Group, Inc.
Industry
Finance & Insurance
* Ladders Estimates

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