Job Information
SMBC Senior Planning Specialist in New York, New York
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.
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.
The anticipated salary range for this role is between $143,000.00 and $185,000.00. 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.
Role Description
Reporting to the Group Head of Planning in Credit Department Americas Division (CDAD), as a Sr. Planning Specialist, the role is responsible for researching, analyzing, and discussing credit risk from Environmental and Social (“ES") factors for corporate and industrial clients within the investment and corporate banks.
This position will help form an ES Risk Review Team in the CDAD and act as the second line of defense (“2 LoD”). The team will be a part of cross-departmental working group for the bank’s Sustainability Risk management and will play an important role in reviewing ES and Governance (“ESG”) risk profile of borrowers and escalating to senior management leadership locally/globally as necessary.
Responsibilities:
Review and challenge Front Office (“1Lod”) judgement of ES Risk factors identified through deal/ monitoring application processes.
Contribute to the 2 LoD holistic decision making by providing analysis on ESG related risk for credit officers.
Work in close partnership with other business lines and functions in the Americas Division, the Head of Sustainability, Head of ES Model Risk and broader Risk organization in the Head Office in Tokyo. The role will be responsible for the successful implementation of SMBC’s sustainability risk management framework within the Americas for the 2nd LoD.
Ensure that potential sustainability regulations are identified and addressed in a timely manner. Collaborate with other subject experts and internal stakeholders to ensure that all sustainable finance/investing requirements and/or relevant environmental and social risks are addressed.
At this early stage of implementation, the role will focus on integrating Climate and ESG risks into the bank’s risk management processes and key policies to enable effective oversight by senior management, key risk committees, and the Board as well as managing the daily operations at the transaction level.
Additional Requirements (ESG Related)
Experience assessing ESG/Sustainability risks at the corporate level for financial decision-making purposes, preferably at a similar banking institution or investment manager.
Experience integrating ESG/Sustainability risks into financial models, preferably credit focused.
Experience developing ESG/Sustainability assessment tools.
Familiarity with ESG/Sustainability data sources such as Sustainalytics, MSCI, RepRisk, and others.
Preferrable: Be able to demonstrate knowledge and of ESG frameworks (such as the GHG Protocol Standards, SASB, GRI, CDP, SFDR etc.) in the context of regulatory, risk and control environment in the finance sector.
Qualifications and Skills
BS / BA Degree required + 7 years of experience in both financial services and sustainability.
Business fluency in English is required
Japanese language skill is preferable/plus
Excellent inter-personal, communication (written and verbal) and analytical skills
Willing to contribute to the cross-department working group
Flexible, collaborative, and eager to achieve a goal in complex and cross-organizational working environment.
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
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.
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 at accommodations@smbcgroup.com.