Risk Data Management Associate

Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of experience in Financial Services, focusing on data governance and risk management.
  • Credit and/or Market Risk reporting experience is essential.
  • Demonstrated proficiency in SQL required; Python experience is a plus.
  • Bachelor's degree in Computer Science, Information Management, or related field; advanced degrees are preferred.
  • Strong communication and presentation skills are a must.

Responsibilities

  • Execute data governance processes to enhance operational data quality.
  • Act as a data steward, providing guidance on best practices and regulatory compliance.
  • Promote the use of standardized data definitions and common reference data.
  • Monitor and maintain the risk department's data assets and quality controls.
  • Identify and resolve data quality issues by collaborating with internal stakeholders.

Benefits

  • Hybrid work model allowing for flexibility between office and remote work locations.
  • Opportunity to engage in cross-functional collaboration within a global team.
  • Exposure to advanced banking data systems and cloud platforms.
  • Focus on professional development through experience with regulatory compliance and data governance initiatives.
Full Job Description
Role Description

The Associate - Risk Data Management role will be within the Risk Department (RMDAD), reporting to the Director - Risk Data Management.

Role Objectives:

Execute data governance, improve operational data quality, and implement BCBS 239 compliance. Ensure timely, accurate and complete collection and aggregation of risk data.
Act as a data steward, providing guidance and ensuring best practices are followed. Ensure data stewardship processes are aligned with regulatory requirements and SMBC CDO policies and guidance. Promote the use of accepted data definitions, common reference data and sound data usage practices.
Define, monitor, and maintain the risk department's data assets. Establish inventories of key data outputs, and key data elements. Document data lineage, define and monitor data quality controls. Establish key performance indicators for data quality and regularly report on metrics by producing data quality scorecards. Leverage the data governance platform (Collibra) to capture data governance artifacts.
Identify data quality issues, and work with the CDO team and other stakeholders to resolve these issues, improving overall data quality within the risk function. Participate in initiatives to resolve data quality issues. Ensure risk reporting is accurate, clear and complete, and presented to the right stakeholders timely.
Collaborate with other internal stakeholders to ensure appropriate awareness and escalation of issues as they arise.
This job description is not designed to cover or contain an all-inclusive list of duties and responsibilities that are required of the position. Duties and responsibilities may change as SMBC deems necessary, including other duties and responsibilities assigned at any time with or without notice. At any given juncture, certain of the duties and responsibilities listed in the job description may constitute essential functions of the job.

Qualifications and Skills

Recommended total years of experience: 3 - 5
Preferably 2 - 3 years of specialized experience as a data practitioner in Financial Services, preferably in the risk domain.
Credit Risk and/or Market Risk reports production experience (Risk reporting implementation and Data Quality checks and remediation) required

SQL experience required, Python experience preferred
Education: BS/BA Required, preferred majors: computer science, information / data / system management; MBA or MS / PhD in information science
Strong communication (oral and written) and presentation skills
Previous experience with data governance and data quality issue management. Demonstrated experience working on key data elements and data lineage establishment.
Experience in risk reporting preferred.
Ability to communicate business ideas and topics to technical and nontechnical audience
Ability to influence people outside the immediate span of control, negotiate and resolve conflicts, and work with stakeholders in various departments of the firm, or across lines of defense
Preferably knowledge of banking data systems (including SQL, NoSQL) and cloud data platforms (e.g. Azure) and related services.
Ability to work under pressure, operate comfortably in a fast-paced, demanding environment, and manage a significant workload with minimal supervision
Ability to collaborate with and successfully contribute to cross-functional teams and work with people from regions around the world
Advanced skills in MS Office products (PowerPoint, Excel, Word, etc.)

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.

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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

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