Job Information
SMBC Transformation Project Manager - Associate 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 Rail Services LLC, Manufacturers Bank, 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 $92,000.00 and $140,000.00. 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
As part of SMBC Americas' strategy to build a commercially competitive, U.S. regulatory-based Commercial and Investment Bank, SMBC Americas Division has launched an organizational Strategy and Transformation team to align end-to-end efforts across the organization (the "Transformation Project"). A key requirement of the Transformation Project is the review of all current operating models across front-to-back functions of the legal entities comprising the SMBC Group Americas Division.
The Strategy Associate will be part of the Strategy and Transformation team, within the Target Operating Model Pillar. They will engage with stakeholders across multiple business divisions to ensure alignment and participation and agree on target end state and ownership, as well as monitor delivery throughout the life of the transformation effort and assess outcomes to ensure completeness and sustainability. The Strategy Associate will primarily interface with front office and front office adjacent functions. The Strategy Associate will be a key contributor to provision of strategic insight and will apply critical thinking to organizational change.
Role Objectives: Delivery
The Strategy & Transformation Associate’s scope is management, support, and tracking of end-to-end delivery against programs of varying scale. Programs may include organizational design, new products, process optimization, and strategy development. Subject matter will primary be related to front office and front office-adjacent functions.
On a day-to-day basis, the Strategy & Transformation Associate may engage in tasks such as:
Preparation of operating model, process, and organizational design proposals/materials
Collection and analysis of internal & external information, including recommendation of operational enhancements based on industry practice & regulatory guidance
Preparation of executive level communication materials
Strategic analysis and benchmarking
Coordination and support of discussions among stakeholders at varying levels of seniority
Qualifications and Skills
2-5 years of work experience in consulting, in a financial institution, in financial institution supervision, or in related role(s) in other industries
Experience in leading projects
Interest in banking & financial services industry and strategy
Ability to partner and leverage inter-departmental resources to achieve goals.
Ability to be a self-starter by working independently to identify and/or complete tasks, and successfully engage in multiple initiatives simultaneously while interacting professionally with a diverse group of executives, managers, and subject matter experts.
Excellent verbal and written communication skills, including strong Excel and PowerPoint skill
Demonstrate initiative, results oriented, and able to work as part of a team
Ability to conduct research and analysis, with direction & support
Ability to create and support delivery of presentation materials to varying levels of audiences
Ability to prioritize work by setting and meeting realistic deadlines, forecasting and communicating changes resulting from risks and issues
Additional Requirements
Preferred Qualifications
4 years of experience in management consulting or in a similar role in a financial institution
Deep understanding of at least one of the following areas: Corporate Banking, Investment Banking, Capital Markets, Sales & Trading, Treasury, Risk Management (any sub-discipline)
Ability to understand complex and highly technical concepts, and ability to easily explain/translate them to peers.
Experience in matrixed project management structures
Strong relationship management, collaboration and influencing skills.
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.
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.