Risk & Control Advisory - Finance Control Oversight Vice President

The anticipated salary range for this role is between $130,000.00 and $175,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire.

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

Role Description

This Finance Control Oversight Vice President (VP) role will support the review and completion of Finance wide operational risk management activitiesincluding Risk and Controls Self-Assessments (RCSAs), Key Risk Indicators (KRIs), Risk and Controls Taxonomy, Controls Testing, and Issues Management in accordance with SMBC’s methodology.

The position is located at 200 Hudson Street, Jersey City. The position may require some travel domestically between 200 Hudson Street, Jersey City, 277 Park Avenue, New York, NY 10172 and 1 North Lexington Avenue, White Plains, NY 10601 but it is expected to be minimal (less than 10%).

Role Responsibilities

• Collaborate with Finance cross-functional teams to facilitate the execution of operational RCSAs.
• Participate in the design, enhancement, and execution of the RCSA program to provide support in identifying, assessing, monitoring, and escalating significant risks, issues, and concerns as part of risk assessments performed by the first and second lines of defense.
• Analyze and document existing, or new, processes and controls, and identify opportunities for improvement.
• Support the bank-wide coordination of the RCSA process in close collaboration with front line units to validate consistency with sound risk management standards, internal policy, and procedures.
• Review and challenge risk assessments conducted by the Finance first line and Operational Risk Management (ORM) second lines of defense.
• Conduct training sessions to increase awareness of risk management principles and practices.
• Promote a sound operational risk management culture across SMBC by supporting and providing oversight to the Finance functions.
• Develop a timely and efficient remediation plan for RCSA issues, and partner with the Finance issue management team to monitor the remediation process.
• Support the development, implementation, and maintenance of Finance-wide Key Risk indicators (KRIs) in collaboration with each Finance function.
• Work closely with stakeholders to verify accurate and timely collection of risk-related data for RCSA analysis.
• Support Finance functions to maintain all associated process documentation, risk taxonomies, policies, and procedures.
• Stay informed about industry best practices, regulatory requirements, and emerging trends in risk management to enhance the effectiveness of the RCSA program.
• Collaborate with Internal Audit, Compliance, and other relevant functions to verify alignment of risk management initiatives.
• Support management reporting, including ad-hoc tasks as needed.

Qualifications and Skills

• Bachelor’s degree in finance, business, or a related field.
• 10+ years of experience related to risk management, internal audit, or compliance in the financial services industry.
• Extensive knowledge / experience of process and control design and execution, risk assessment, and issue management.
• Strong analytical skills and attention to detail.
• Excellent communication (both oral and written) and interpersonal skills, proficiency in Microsoft Office suite, especially Excel, Visio, and PowerPoint.
18 days ago