Vice President, Asset and Liability Management

3 days ago


New York, New York, United States Sumitomo Mitsui Banking Corporation Full time
Job Summary

We are seeking a highly skilled Vice President, Asset and Liability Management to join our team at Sumitomo Mitsui Banking Corporation. As a key member of our Asset and Liability Management (ALM) function, you will be responsible for supporting the Bank's ALM activities, including forecasting, interest rate risk modeling, funds transfer pricing, liquidity stress testing, and ALCO package preparation.

Key Responsibilities
  • Coordinate with all levels of management and other departments to gather, analyze, summarize, and prepare IRRBB reports and other Corporate Treasury related reports.
  • Work with FPA, Businesses, Liquidity, and other teams to understand the business reasons for risk exposure changes.
  • Develop risk analysis tools and conduct variance analysis to gain a deeper understanding of risk drivers and changes.
  • Summarize findings, prepare ALCO package, and present to senior management.
  • Monitor activities and exposures to ensure adherence to approved policies and limits. Regularly review existing policies and limits, proposing updates and revisions where necessary.
  • Adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of ALM and/or provide input into policy and procedure amendments.
  • Responsible for managing the product modeling methodology changes and supporting annual model validation process.
  • Responsible for maintaining, updating, and improving, where possible and appropriate, the analytics that support the assumptions recalibration process for the ALM model.
Requirements
  • Minimum 5 years of experience in Financial Services Industry in areas such as Treasury, Market Risk, Capital Management and Finance.
  • Experience with Interest Rate Risk models such as, QRM or BancWare preferred.
  • Proficiency with programming languages such as Python, R, Java, MATLAT, and SQL preferred.
  • Understanding of banking concepts, accounting, finance, and economic principles.
  • Knowledge of bank operations, products, and services.
  • Ability to work under limited supervision and direction while managing multiple priorities.
  • Detail-oriented with excellent organizational, interpersonal, verbal, and communication skills.
  • Advanced analytical and problem-solving skills.
  • Advanced knowledge of Microsoft Office Suite, particularly Excel.
  • Bachelor's degree in finance, accounting, mathematics, computer science or related field, Graduate degree in finance, economics, or math; MBA, CFA, FRM, PRM and/or specialized degree in financial engineering or similar discipline preferred.
Additional Requirements

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.



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