Director, Funds Transfer Pricing Manager
4 weeks ago
Sumitomo Mitsui Financial Group, Inc. is a leading global financial institution with a rich history dating back 400 years. Headquartered in Tokyo, the Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. With over 130 offices and 80,000 employees worldwide in nearly 40 countries, SMBC Group is one of the three largest banking groups in Japan.
Role OverviewThe Director, Funds Transfer Pricing Manager will play a critical role in leading the development and enhancement of Fund Transfer Pricing (FTP) methodologies and governance. This individual will partner with business SMEs to validate FTP models against unit results and forecasted needs, implement model adjustments, and manage FTP allocations across the organizations.
Key Responsibilities- Lead the FTP methodologies and governance, and maintain the related policy and standard.
- Validate FTP models against unit results and forecasted needs.
- Suggest and implement model adjustments.
- Analyze liquidity and investment needs over various scenarios taking into account market / economic / industry trends, and client business cycles.
- Prepare position reports, reconciliations, and other accounting support.
- Ensure that limits set, underwriting guidelines, and pricing are consistent with risk tolerances and optimize capital usage across all business lines.
- Ensure unit results take into account risk-adjusted returns for comparison to FTP model and established hurdle rates.
- Ensure that unit results are consistent with budgeted results and with control thresholds.
- Manage FTP allocations across the organizations.
- Manage natural hedges between units and create hedging strategies for exposures outside organizational risk tolerances.
- Supervise hedging book and periodically adjust positions.
- Evaluate foreign currency exposures and strategy and compare budget results to actual to validate outcomes.
- Prepare performance reporting against established benchmarks.
- Act as SME and play lead role in the rollout of local FTP platform by engaging with vendor of requirement setting, overseeing CUSO Treasury partners in new feature buildout, and communicating features and impacts to business partners across entities.
- 10+ years of experience in funds transfer pricing, risk management, or a related field.
- Deep understanding of funding needs, product structures, and profitability of businesses.
- Practical hands-on knowledge of transfer pricing mechanisms and capital allocations.
- Proficiency with information technology to gather and manage data.
- Advanced analytical / quantitative skills to optimize financial results.
SMBC provides a competitive portfolio of benefits to its employees, including a hybrid workforce model that allows for remote work options. We are an equal employment opportunity employer and welcome applications from diverse candidates. If you need a reasonable accommodation during the application process, please let us know.
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Director of Fund Transfer Pricing
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Director of Fund Transfer Pricing
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