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Operational Risk Officer (VP)

Company: Sumitomo Mitsui Banking Corporation (SMBC)
Location: White Plains
Posted on: September 21, 2022

Job Description:

Operational Risk Officer (VP)

Job Locations

US-NY-White Plains

Posting Date

7 months ago(2/11/2022 11:57 AM)

Career Category

Risk Management



Corporate Title



Fulltime-Regular (Exempt/Non-Exempt)


Reporting to the Head of Operational Risks the Risk Officer provides the 2nd LOD review and challenge over Operational Risk for the Combined U.S. Operations (CUSO) in accordance with US Regulations, Home Office policies and industry practices for Risk Management. The Risk Management Department is the second line of defense charged with the role of developing and maintaining SMBC America's Risk Appetite Statement (subject to Board approval) and independent monitoring, assessment and recommendations for mitigation of the risks generated by business practices. relative to SMBC's risk appetite framework. Within the department, the Operational and Other Risk Group creates and ensures maintenance and appropriate evolution of the Americas Division non-financial and operational risks framework The Risk Officer is responsible for executing on operational risk framework controls and continued enhancement of the non-financial risks.


  • Provide 2nd Line oversight over the Operational Risk including: 1st Line risk policies and procedures, the risk identification and assessment performed by the 1st LOD, the results of the 1st Line risk identification, assessment and mitigating activities such as RCSA and control testing
  • Partner with the areas of coverage to identify, assess, and drive mitigation of operational risks
  • Carry out RCSA and develop in-depth understanding of the business and operational risk within the coverage area
  • Review and challenge 1st Line RCSA output
  • Monitor the operational risk incidents and issues and review and challenge the root cause analysis and remediation actions
  • Monitor and review the KRIs, Limits and Guidelines and Operational Risk tolerances, review and challenge the breaches and remediation actions
  • Conduct the review and approval of new products from Operational Risk perspective
  • Conduct Operational Risk training across 1st and 2nd line
  • Assist with the ongoing projects to enhance the Operational Risk Management Framework


    • Well-versed in operational risk methods and practices with the ability to connect and align the firm's operational risk management processes with the operational resilience framework
    • 7+ years of direct work experience with risk or audit or management of Fraud Risk
    • Strong communication skills and gravitas in working with the business to convey risk management assessment and build mitigation consensus
    • Bachelor's degree in finance or related field
    • Master's degree in Risk Management, IT or finance preferred
    • Consultant and financial firm operations background welcome

Keywords: Sumitomo Mitsui Banking Corporation (SMBC), White Plains , Operational Risk Officer (VP), Executive , White Plains, New York

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