Associate, Risk Management

**Position Overview**:
**Key Responsibilities**:

- ** Risk & Control Self-Assessments (RCSA)**:

- Facilitate the Risk and Control Self-Assessment (RCSA) process, ensuring comprehensive identification and assessment of risks and controls across business units.
- Participate in the review and challenge of control design and effectiveness assessments.
- **
Risk Identification & Analysis**:

- Collaborate with stakeholders to identify and assess operational and non-financial risks across processes, systems, and activities.
- Assist in conducting gap assessments and provide recommendations for addressing deficiencies in risk management practices.
- **
Key Risk Indicators (KRI) & Reporting**:

- Monitor and report on Key Risk Indicators (KRIs) to provide actionable insights into emerging risks.
- Keep abreast of developing global financial and economic trends and emerging risks relating reputational risk and operational risk that may impact the Bank.
- Assist in preparing of bi-weekly and monthly management and committee materials.
- **
New Product/Initiative Risk Assessments**:

- Participate in independent challenge and oversight for new product and initiative risk assessments, ensuring thorough evaluation of potential risks.
- Ensure appropriate risk mitigation strategies are embedded before approval and implementation.
- **
Operational Resilience**:

- Support oversight of operational resilience frameworks, including business continuity, incident management, and recovery plans.
- Review and challenge the adequacy of resilience testing and risk mitigation strategies.
- **
Policy Governance & Implementation**:

- Contribute to the development and enhancement of risk management policies, standards, and frameworks.
- Ensure policies are effectively communicated and implemented across business lines.
- Assist in the annual review and update of risk management related policies, frameworks, procedures and desktop manuals.
- **
Regulatory Affairs**:

- Familiarity with regulatory requirements and expectations related to risk management and operational resilience in financial institutions (e.g. OSFI B-10, B-13, E-21, E-4, Integrity & Security, etc.).

**Qualifications**:

- Experience: Minimum of 3-5 years of experience in non-financial risk management, operational resilience, or a related field within the financial services industry.
- Application skills: Strong experience with Excel VBA
- Technical Skills: Experience in RCSA, risk identification, gap assessments, KRIs, and management reporting.
- Analytical Skills: Strong analytical and problem-solving skills with the ability to identify, assess, and mitigate risks effectively.
- Communication: Excellent written and verbal communication skills, with experience presenting to senior management and other stakeholders.
- Education: Bachelor’s degree in Finance, Business, Risk Management, or a related field; advanced degree or certifications (e.g., CFA, FRM, PRM) are a plus.

**Preferred Qualifications**:

- Strong project management and organizational skills.
- Experience with Integrated GRC Platforms (e.g. RSA Archer, MetricStream, ServiceNow, SAP, RCM, etc.), and business analytic services (e.g. PowerBI, Tableau, SQL, Python, SAS, etc.).

**Key Competencies**:

- Independence and objectivity in oversight and challenge roles.
- Ability to manage multiple priorities in a fast-paced environment.
- Collaborative mindset with the ability to influence and drive change.

**About SMBC**:
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 Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

SMBC is an EO employer - M/F/Veteran/Disability