Audit Executive Director - Risk Team Lead

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SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance.

The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc.

SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE : SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients.

It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp.

SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc.

Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $202,000.00 and $255,000.00. 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

SMBC is seeking an experienced Audit Executive Director with a minimum of 12 years’ experience in the banking and finance industry to lead audit coverage of Risk Management related activities within the Internal Audit Department.

Reporting to the Risk and Lending Business Function Head, the Risk Team Lead will be responsible for overseeing various large scale complicated audits with minimal supervision by the Business Function Head, ensuring work is performed in accordance with IIA standards and IAD policies and procedures, conducting audits requiring risk management related subject matter expertise, and supporting the Business Function Head in the execution of their duties.

Role Responsibilities : Delivery

• Support IAD Management team in planning, development, implementation, and maintenance of an internal audit program that addresses management of risks across the Americas Division.
• Manage a team of auditors to execute high quality reviews of Credit, Market, Liquidity, Operational, Data, Third-Party, and Enterprise Risk related processes and controls within a prescribed timeframe.
• Directs and Oversees audits as a Team Leader in accordance with the Bank's policies and procedures, with limited supervision and support by the Business Functional Head.
• Provide support, coaching, and feedback to audit team which may include internal or co-sourced internal audit professionals.

Role Objectives : Expertise

• Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results and corrective measures.
• Oversee quarterly and annual continuous monitoring / risk assessment process to identify business trends and emerging risks, and when necessary, propose updates to the audit plan to reflect them.
• Lead and assist with the delivery and execution of IAD's broader annual audit risk assessment and assurance planning activities and responsibilities.
• As needed, assist with special projects related to business process improvements or departmental strategic initiatives.
• As needed lead and conduct validation of remediation for regulatory findings.
• Track and validate closure of issues raised by the department and regulators.
• Develop, promote, and maintain a collaborative and strong working relationship with AD business heads, external auditors, and regulators.
• Recommends continuous improvement practices based on new regulatory requirements.

Qualifications and Skills

• Minimum of 12 years of risk / audit experience in the banking and finance industry.
• Expert knowledge of financial and non-financial risk management and banking / capital markets products.
• Expert knowledge of risk related regulatory expectations (Leveraged Lending (SR 13-3), Counterparty Credit Risk (SR 11-10), Market Risk Rule (SR 09-01).

Risk Management Program (CFR 23.600), Third-Party Relationships : Risk Management (SR 23-04) etc.).

• Expert knowledge of audit techniques, risk and internal controls assessment, and workpaper standards.
• Strong strategic thinking skills including the ability to identify and assess emerging risks.
• Ability to act as trusted advisor to senior management using discretion and sound judgment in identifying, analyzing, and reporting problems.
• Excellent communication, presentation and professional skills including the ability to interact effectively at all levels within the organization.
• Ability to lead teams; strong leadership skills; able to gain respect and cooperation.
• Bachelor’s Degree in Accounting, Finance, or related field. Advanced degree preferred.

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at [email protected].

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