Head of Liquidity Management

Sumitomo Mitsui Financial Group, Inc. • $299K — $306K *

Jersey City, NJ 07305In-Person

Finance & Insurance

11 - 15 years of experience

3 days ago

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Job Overview by Ladders

Qualifications

Bachelor's degree in business administration, finance, economics, or related field.
12 years of progressively responsible experience in liquidity management.
Expertise in U.S. and Cayman Islands regulatory requirements for liquidity management and funds transfer pricing.
Familiarity with Enhanced Prudential Standards (Reg YY) and Supervisory Guidance on Stress Testing (SR 10-7).
Strong understanding of liquidity metrics, cashflow forecasting, and risk assessment methodologies.

Responsibilities

Lead a team to establish a liquidity framework for SMBC Americas and Cayman Branch.
Develop a liquidity stress testing framework to assess market conditions.
Create tools to monitor liquidity risks and support forecasting capabilities.
Communicate effectively with senior stakeholders, including the Board and Regulators.
Establish processes and controls for timely liquidity reporting.
Develop funds transfer pricing methodologies to assess liquidity costs.
Collaborate with business lines and Treasury stakeholders for strategic liquidity management.

Benefits

Hybrid remote work options available.
Eligibility for an annual discretionary incentive award.
Competitive benefits package including health and wellness programs.
Opportunities for professional development and career growth.

Full Job Description

Role Objectives

Lead a team of liquidity management professionals and establish a liquidity framework to support the liquidity management of SMBC Americas Division and SMBC Cayman Branch.
Develop a liquidity stress testing framework to identify the potential impacts to SMBC's liquidity position under a range of stress market conditions.
Develop set of tools and capabilities such as cashflow forecasting, intraday liquidity framework, liquidity metrics and indicators to support risk identification and risk monitoring for SMBC. Collaborate with risk, model validation and internal audit teams to effectively review and validate tools and models.
Develop strategic forecasting capabilities to provide forward looking liquidity impacts measured using liquidity stress testing and liquidity coverage ratio.
Provide clear communication to Senior stakeholders including SMBC Board and Regulators.
Establish robust processes, documentation and strong controls to enable timely and efficient execution of liquidity management reporting.
Develop Funds Transfer Pricing methodologies to appropriately measure and incorporate liquidity costs in products and business activities that drive firms' use of liquidity resources.
Establish strong partnership with lines of business and other Treasury stakeholders to support strategic balance sheet management around liquidity constraints.
Integrate liquidity, funds transfer pricing and asset liability management methodologies across treasury to lead the treasury integration efforts and strengthen treasury capabilities.

*Hybrid remote work is permitted.

Qualifications and Skills

Bachelor's degree in business administration, financial, economics, or a related field plus
12 years of progressively responsible experience.
Experience must include the following:
U.S. regulatory requirements for liquidity management, including Enhanced Prudential Standards (Reg YY), Reg WW, and the Supervisory Guidance on Stress Testing for Banking Organizations (SR 10-7); Cayman Islands regulatory requirements for liquidity management, including the Cayman Islands Monetary Authority's (CIMA) liquidity rules; and U.S. regulatory requirements for funds transfer pricing, including the Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks (SR 16-3).
The required skills do not need to be maintained over the full term of required experience.

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.

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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.

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