Vice President, Control Design and Monitoring

$123,000 - $180,000/Yr

Sumitomo Mitsui Financial Group - Jersey City, NJ

Full-time - Senior

Remote - Jersey City, NJ

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Vice President, Control Design and Monitoring at Sumitomo Mitsui Banking Corporation (SMBC) is responsible for overseeing the implementation of risk control frameworks and ensuring efficient risk controls across the Americas Division. This role involves developing and executing control testing and monitoring programs, enhancing controls through process analysis, and collaborating with various business units to identify and remediate control gaps. The position requires strong analytical skills and effective communication to maintain a robust control environment.

Responsibilities

• Review and evaluate internal key controls in Banking, Capital Markets, and Sales and Trading risk areas to ensure compliance with internal policies and applicable rules, laws, and regulations.
• Develop Control Monitoring/Testing routines with detailed documentation, walkthroughs, analysis, and evaluation of the current processes.
• Assess the effectiveness of the controls and make recommendations for enhancement and strengthening of the control environment.
• Prepare detailed work-papers and Monitoring results reports summarizing scope, methodology, and significant conclusions of testing/monitoring performed within prescribed time frames.
• Clearly communicate the Program requirements and the results with stakeholders and drive remediation where needed.
• Assist in the reporting and tracking of identified issues and corrective action plans to validate remediation efforts.
• Perform deep dives of Front Office processes to identify areas of control weaknesses and process inefficiencies that may need enhancement.

Requirements

• 5+ years experience in Audit/Operational Risk/First Line Control Testing with strong understanding of the financial services industry including Corporate Lending, Capital Markets, and Sales and Trading business.
• Detail-oriented with proven ability to question the status quo and apply risk management principles to enhance processes.
• Ability to document Control testing findings and perform trend analysis and report production.
• Expertise in control frameworks, control assessment, and control monitoring programs.
• Expertise in process and control design, including process mapping and process reengineering.
• Exceptional communication (both written and verbal) and time management ability.
• Proactive self-starter with ability to prioritize efforts across multiple projects and manage competing deadlines.
• Experience interacting with senior management within a business environment.
• Strong critical thinking, analytical, and organizational skills.
• Expertise in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint).

Benefits

• Competitive salary range between $123,000 and $180,000.
• Annual discretionary incentive award eligibility.
• Hybrid work model allowing work from home and office.
• Comprehensive benefits package.