Vice President

Sumitomo Mitsui Financial Group, Inc. • $113K — $140K *
Jersey City, NJ 07305In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree in enterprise risk management, finance, or related field with 1 year of experience.
  • Experience with operational risk frameworks, including loss data, key risk indicators, and risk self-assessments.
  • Proficient in risk modeling, scenario design, and stress testing methodologies.
  • Knowledge of U.S. regulatory standards for operational risk, including Dodd-Frank Act principles.
  • Familiarity with quantitative techniques and programming languages such as Python and SQL.

Responsibilities

  • Design and enhance the Operational Risk Scenario Design and Stress Testing framework.
  • Lead the Scenario Design and Stress Testing program, developing risk scenarios and calibrating models.
  • Conduct SME workshops for scenario development, risk assessment, and capital processes.
  • Build and improve risk models and methodologies supporting operational risk measurement.
  • Collaborate with teams to ensure accurate risk exposure validation and analysis.
  • Develop AI/ML-driven tools to automate risk analysis and data collection.
  • Prepare presentations and reports for management and board communication on stress testing outcomes.

Benefits

  • Annual discretionary incentive award eligibility.
  • Hybrid work model allowing for both remote and in-office work.
  • Competitive benefits portfolio available to employees.
Full Job Description


Role Objectives

  • Design, develop, and enhance the firm's Operational Risk Scenario Design and Stress Testing framework, integrating multiple risk programs including Internal Loss Data, External Loss Data, Key Risk Indicators, Risk and Control Self Assessments, Control Testing, and Risk Appetite. Lead the Scenario Design and Stress Testing program, including development of risk scenarios, calibration of models, and quantification of stress capital in line with regulatory expectations.
  • Conduct and facilitate Subject Matter Expert (SME) workshops, guiding participants through scenario development, risk assessment, estimation methodologies, and capital determination processes.
  • Build and continuously enhance risk models, processes, methodologies, policies and procedures to support operational risk measurement, capital adequacy, and regulatory submissions,
  • Design, develop, and enhance the firm's Operational Risk Scenario Design and Stress Testing framework, integrating multiple risk programs including Internal Loss Data, External Loss Data, Key Risk Indicators, Risk and Control Self Assessments, Control Testing, and Risk Appetite. Lead the Scenario Design and Stress Testing program, including development of risk scenarios, calibration of models, and quantification of stress capital in line with regulatory expectations.
  • Conduct and facilitate Subject Matter Expert (SME) workshops, guiding participants through scenario development, risk assessment, estimation methodologies, and capital determination processes.
  • Build and continuously enhance risk models, processes, methodologies, policies and procedures to support operational risk measurement, capital adequacy, and regulatory submissions, particularly in preparation for the Comprehensive Capital Analysis and Review (CCAR) bank requirements. Collaborate with stakeholders across front office, back office, and risk management teams to ensure accurate capture, validation, and analysis of operational risk exposures. Develop and implement AI/ML-based predictive and analytical tools to automate and streamline data collection, risk analysis, and stress testing processes. Ensure compliance with U.S. regulatory standards for operational risk (Federal Reserve Bank, Office of the Comptroller of the Currency, and Dodd-Frank Act stress testing principles) including governance, documentation, validation, and reporting requirements.
  • Manage and oversee the Operational Risk Appetite program, ensuring that risk tolerance metrics (measures and limits) are aligned with the firm's strategic objectives and regulatory guidance.
  • Prepare senior management and board-level presentations, reports, and recommendations to communicate stress testing outcomes, risk appetite metrics, and capital implications.
  • Drive annual enhancements to operational risk programs, leveraging data insights and regulatory feedback to ensure the framework remains robust, scalable, and compliant.
  • *Hybrid remote work permitted.


Qualifications and Skills

  • Master's degree in enterprise risk management, finance, or a related field plus 1 year of experience.
  • Experience must include the following: operational risk frameworks such as internal loss data, external loss data, key risk indicators, risk and control self-assessments, control testing and risk appetite; risk modeling; scenario design and stress testing methodologies; U.S. regulatory standards such as Federal Reserve Bank, Office of the Comptroller of the Currency, and Dodd-Frank Act stress testing principles; quantitative, statistical, and machine learning techniques such as , data automation; data analysis tools and programming languages such as Python, and SQL.
  • 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.

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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