Director, Commercial Financial Services Senior Markets

2 weeks ago


Old Toronto, Canada Sumitomo Mitsui Banking Corporation Full time
h3>Role Overview

Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution renowned for its commitment to excellence, innovation, and integrity. As part of our strategic expansion and growth, we are seeking a highly experienced Director of Financial Risk to join our dynamic team in Toronto, Canada.


We are looking for an exceptional leader to fill the role of Director of Financial Risk. Reporting directly to the Chief Risk Officer, the successful candidate will be responsible for overseeing the financial risk management function, with a primary focus on portfolio management. This is a pivotal role that offers the opportunity to shape and drive the financial risk management strategy of SMBC's operations in Toronto.

  1. Lead and manage the financial risk management function - credit risk with a particular emphasis on portfolio management.
  2. Develop and implement robust risk management policies, procedures, and frameworks in alignment with regulatory requirements and industry best practices.
  3. Perform portfolio deep dives and analysis & assessment of risk exposures along with identifying emerging risks and opportunities.
  4. Collaborate closely with senior management, Front office / Coverage bankers business units, and other stakeholders to optimize risk-return trade-offs and support strategic decision-making.
  5. Participate in annual risk appetite refresh specifically with regards to establishing, back testing and calibrating Credit & portfolio Metrics, Limits and KRIs.
  6. Ensure the timely and accurate reporting of risk metrics, key risk indicators (KRIs), and risk appetite metrics to senior management and relevant committees.
  7. Lead the development and implementation of stress testing, scenario analysis, and sensitivity testing frameworks to assess the resilience of the bank's portfolios under various economic scenarios.
  8. Support long- and short-term planning, new product development, Credit Portfolio Committee and risk management meetings.
  9. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends and credit products.
  10. Stay abreast of market developments, regulatory changes, and industry trends impacting financial risk management, providing insights and recommendations to senior leadership.
  11. Provide strategic guidance and direction to the Front office / Coverage bankers, fostering a culture of excellence, collaboration, and continuous improvement.
  12. Build and maintain effective relationships with regulators, auditors, and external partners, ensuring compliance with regulatory requirements and audit standards.
Requirements:
  1. Bachelor's degree in Finance, Economics, Mathematics, or a related field. li>
  2. Over 10 years of progressive experience in financial risk management, portfolio management, or related roles within a major bank or management consultancy.
  3. Demonstrated expertise in quantitative analysis, statistical modeling, and risk assessment methodologies, with a strong focus on portfolio risk management.
  4. Display an advanced understanding of credit markets and risk analysis to create models, risk ratings, loss estimates and risk management strategies. li>
  5. Proven leadership experience, with the ability to inspire and motivate teams, drive strategic initiatives, and foster a culture of risk management excellence.
  6. Deep understanding of financial markets, products, and regulatory requirements, with the ability to translate complex concepts into actionable insights and strategies.
  7. Strong analytical and problem-solving skills, with a track record of delivering innovative solutions to complex risk management challenges.
  8. Proficiency in risk management software and tools, as well as advanced Microsoft Excel skills.

Why Join SMBC


Opportunity to lead and shape the financial risk management function of a leading global financial institution.


Collaborative and inclusive work culture that values diversity, integrity, and excellence.



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