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About the Role

SMBC is seeking an experienced Audit Executive Director Financial Risk and Lending to lead audit coverage of Financial Risk Management related activities within Internal Audit and/or Risk Management. The role reports to the Risk, Lending, and Models Business Function Head and involves overseeing complex audits, conducting audits requiring risk management expertise, and supporting the Business Function Head.

Responsibilities

Support IAD Management in planning, developing, implementing, and maintaining an internal audit program for financial risks across the Americas Division.
Direct and oversee audits as Team Leader in accordance with IIA standards, IAD policies and procedures, and Bank policies, with limited supervision.
Develop and oversee audit coverage of complex lending portfolios and emerging risk areas, including corporate banking, private credit, non-bank financial institution (NBFI) lending, and credit risk management.
Coordinate with regulators, second line functions, and business stakeholders on audit planning, issue assessment, and regulatory examination support.
Lead audits of financial risk management functions, including credit risk, liquidity risk, risk appetite, stress testing, enterprise risk, and related risk governance frameworks.
Provide independent assurance over the effectiveness of risk management practices and internal controls.
Lead and oversee risk-based audits of lending businesses and credit lifecycle processes, including loan origination, credit administration, collateral management, portfolio monitoring, problem loan management, leasing, and related governance and control frameworks.
Oversee audits of enterprise financial risk reporting, risk aggregation, management and board governance, and strategic risk initiatives.
Assess whether financial risks are identified, measured, monitored, and escalated in accordance with regulatory expectations and internal policies.
Manage and develop a team of auditors to execute high-quality reviews of financial risk, enterprise risk, and lending-related processes and controls within prescribed timeframes.
Provide coaching, feedback, and professional development to internal and co-sourced audit professionals.
Oversee quarterly and annual continuous monitoring and risk assessment activities across assigned risk stripes, including credit risk, market risk, liquidity risk, and capital management.
Identify emerging risks, changes in risk profile, regulatory developments, and control environment trends that may require adjustments to audit coverage or the audit plan.
Direct ongoing monitoring of key risk indicators, management reporting, committee materials, regulatory developments, audit and regulatory issues, significant incidents, and strategic initiatives.
Assess whether developments warrant additional audit coverage, issue escalation, risk reassessment, or updates to the audit universe.
Lead engagement with business and risk management stakeholders through governance forums, continuous monitoring meetings, and periodic reviews.
Maintain awareness of emerging risks, control changes, and regulatory expectations impacting the financial risk framework.
Evaluate the impact of continuous monitoring results on audit strategy and recommend risk-based changes to audit coverage, audit frequency, audit scope, and assurance activities.
Recommend continuous improvement practices in response to regulatory developments and changes in the risk environment.
Lead and conduct validation of remediation for regulatory findings.
Track and validate closure of issues raised by Internal Audit and regulators.
Lead or support special projects related to business process improvements, departmental strategic initiatives, and other priorities as assigned.
Recommends continuous improvement practices based on new regulatory requirements.

Requirements

Minimum of 15 years of risk/audit experience in the banking and finance industry.
Ability to act as trusted advisor to senior management using discretion and sound judgment in identifying, analyzing, and reporting problems.
Ability to lead teams; strong leadership skills; able to gain respect and cooperation.

Skills

Expert knowledge of financial and non-financial risk management and banking / capital markets products.
Expert knowledge of risk related regulatory expectations Regulation YY, Leveraged Lending (SR 13-3), Counterparty Credit Risk (SR 11-10), and Risk Management Program (CFR 23.600).
Expert knowledge of audit techniques, risk and internal controls assessment, and workpaper standards.
Strong strategic thinking skills including the ability to identify and assess emerging risks.
Excellent communication, presentation and professional skills including the ability to interact effectively at all levels within the organization.

Location

Americas Division

Work Type

Hybrid workforce model

Experience Level

Minimum of 15 years’ experience

Education Level

Bachelor’s Degree in Accounting, Finance, or related field.
Advanced degree preferred

Salary/Compensations

$206,000.00 - $255,000.00
May be eligible for an annual discretionary incentive award.

Benefits

Competitive portfolio of benefits

About the Company

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history.
Offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance.
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, 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.
Offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients.
Connects a diverse client base to local markets and the organization’s extensive global network.

Equal Opportunity

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.