<p>Associate, Treasury IRRBB</p> <p>Job Level: Associate</p> <p>Job Function: Reporting & Analytics</p> <p>Location:</p> <p>Jersey City, NJ, US, 07311</p> <p>Employment Type: Full Time</p> <p>Requisition ID: 5053</p> <p>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.</p> <p>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.</p> <p>The anticipated salary range for this role is between $80,000.00 and $120,000.00. 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.</p> <p>Role Description</p> <p>As an IRRBB Associate you will be responsible for managing and reporting interest rate risk within the banking book. This role involves analyzing and monitoring risk metrics, ensuring compliance with regulatory requirements, and supporting the development of risk management strategies.</p> <p>Role Objectives: Delivery</p> <ul> <li>Risk Analysis and Reporting: Conduct detailed analysis of interest rate risk metrics and prepare internal and regulatory reports. </li><li>Compliance: Ensure adherence to governance and control standards, and compliance with regulatory requirements. </li><li>Stakeholder Collaboration: Work closely with Treasury, Finance, Risk, and Technology teams to deliver accurate and timely reports. </li><li>Data Management: Maintain data quality and manage the delivery of reports within given timeframes </li><li>Strategy Development: Contribute to the development and implementation of strategies for managing interest rate risk. </li><li>Process Improvement: Identify and implement improvements in risk management processes and reporting systems. </li></ul> <p>Role Objectives: Interpersonal</p> <ul> <li>Effective Communication: Clearly communicate complex risk concepts to stakeholders across various departments. </li><li>Team Collaboration: Foster a collaborative environment within the team and with other departments. </li><li>Problem-Solving: Demonstrate strong analytical and problem-solving skills to address risk management challenges. </li><li>Adaptability: Show flexibility in adapting to changing regulatory requirements and market conditions. </li><li>Stakeholder Engagement: Build and maintain strong relationships with internal and external stakeholders. </li></ul> <p>Qualifications and Skills</p> <ul> <li>Educational Background: Bachelor's degree in finance, Economics, or a related field. Advanced degrees or certifications (e.g., CFA, FRM) are advantageous. </li><li>Experience: Minimum of 1-3 years of experience in risk management, with specific experience in IRRBB preferred. </li><li>Technical Skills: Proficiency in risk management tools and software (e.g., Python, Excel, SQL, Bloomberg, PowerBI). Knowledge of balance sheet management systems like Moody's, Oracle, or QRM is beneficial. </li><li>Analytical Skills: Strong analytical skills with the ability to interpret complex data and develop actionable insights. </li><li>Communication Skills: Excellent written and verbal communication skills. </li><li>Interpersonal Skills: Ability to work effectively in a team and engage with stakeholders at all levels. </li></ul> <p>Additional Requirements</p> <p>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.</p> <p>SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.</p> <p>Nearest Major Market: Jersey City</p> <p>Nearest Secondary Market: New York City</p>