Role Description

SMBC is seeking an experienced Audit Director to lead Market Risk audits from the 3LOD and partner with business stakeholders to strengthen governance, risk management, and internal controls related to market risk activities across SMBC Americas Division. The role will be based in Charlotte and will focus on trading and non trading market risk including risk measurement, stress testing, valuation, and regulatory capital frameworks.

Role Objectives: Delivery
• Support IAD Management Risk Stripe Lead in refining and executing the audit program covering market risk management framework audits and integrated front to back product audits, including trading risk, interest rate risk, valuation, and capital frameworks and new products.
• Assist the Risk Stripe Lead with delivery and execution of IAD's audit plan and assurance responsibilities, including preparation of management reports and regulatory presentations.
• Lead or execute internal audits as Auditor in Charge and perform validation activities in accordance with IIA Standards and IAD procedures within prescribed timeframes.
• Demonstrate strong understanding of internal audit techniques, internal controls, and application of audit methodology.
• Ensure written and verbal communication of audit reports (ACRs) conforms with IAD NY methodology, including clear articulation of key risks, root causes, and remediation actions.
• Oversee and participate in quarterly and annual continuous monitoring and risk assessment processes to identify business trends, emerging risks, and changes in the risk profile, and recommend updates to audit coverage as appropriate.
• Assess market risk measurement frameworks, including VaR, stress testing, scenario analysis, and sensitivities, and evaluate underlying assumptions, data inputs, and limitations.
• Evaluate limit frameworks, including design and calibration of risk limits, monitoring processes, breach management, and escalation protocols across trading activities.
• Evaluate data governance, aggregation, and reporting processes, including reliance on end user computing tools (e.g., spreadsheets, SQL based processes) and third party/vendor data sources.
• Identify business process improvement opportunities and propose practical, risk aligned corrective actions.

Role Objectives: Interpersonal
• Effectively communicate with stakeholders and senior management to articulate audit strategy, testing results, and remediation actions.
• Develop and maintain strong working relationships with Front Office, Risk Management, Finance, and Regulatory stakeholders.
• Provide coaching, guidance, and oversight to junior auditors and co sourced resources.
• Demonstrate accountability, ownership, and ability to lead audit activities with limited supervision.
• Strong communication, presentation, and stakeholder management skills, with the ability to convey complex technical matters to senior audiences.
• Understanding of applicable regulatory standards and supervisory expectations for market risk management.

Role Objectives: Expertise
• Strong experience and knowledge of:
o Market risk management frameworks (e.g., VaR, stress testing, sensitivities)
o Capital frameworks and regulatory requirements (e.g., Basel market risk rules, FRTB concepts)
• Understanding of banking and capital markets products, including derivatives and structured products, as well as new products and innovations.
• Ability to assess and challenge risk measurement methodologies, including stress scenarios, risk aggregation approaches, and underlying assumptions and proxies.
• Experience evaluating limit frameworks and risk appetite implementation, including alignment between limits, risk metrics, and business strategy.
• Experience evaluating data sourcing, data quality, and aggregation processes, including risks associated with manual processes.

Qualifications and Skills
• Minimum of 10+ years of experience in banking, financial services, or consulting, preferably within Market Risk, Capital Markets trading, or Internal Audit.
• At least 5-7 years of hands on audit experience, including familiarity with audit methodology, workpaper standards, and regulatory expectations.
• Experience with trading businesses, risk analytics, or quantitative risk management preferred.
• Bachelor's or advanced degree (Master's/Ph.D.) in Finance, Economics, Mathematics, or other quantitative discipline.
• Professional certifications (e.g., FRM, CFA, CPA, CIA) are advantageous

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.