Business Control Officer - Global Financial Institutions Group (GFIG)

Overview

The SMBC NY Global Financial Institutions Group (GFIG) Business Control Officer (BCO) is a business-aligned change agent and risk management individual contributor. The BCO provides the Business Unit with guidance on processes and control design, ensures effective assessment of risk across the transaction lifecycle, and supports Business Unit interaction with 2nd LoD functions including Risk Management and Compliance.

The SMBC NY Global Financial Institutions Group (GFIG) Business Control Officer (BCO) is primarily an individual contributor. The BCO is responsible for the full scope of SMBC NY GFIG processes & controls. The SMBC NY GFIG BCO has dual reporting into the Coverage and Capital Markets Vertical Business Control Officer and NY GFIG General Manager (GM).

Responsibilities

Leads and provides expert guidance on assessment of processes and controls across the end-to-end transaction lifecycle, proactively assessing threats, vulnerabilities, and possibility of future incidents.

Performs process re-engineering to improve efficiency and strengthen controls within the SMBC NY Global Financial Institutions Group (GFIG) business.

Coordinates SMBC NY Global Financial Institutions Group (GFIG) interactions with 2nd Line of Defense functions, Internal Audit, and Regulators pertaining to processes and controls.

Coordinates management of risk appetite, limits and guideline setting & issue management for the SMBC NY Global Financial Institutions Group (GFIG) business.

Performs risk management framework and related risk assessments of SMBC NY Global Financial Institutions Group (GFIG), supporting the NY Global Financial Institutions Group (GFIG) GM.

Support 1st LoD via performance of issue management & root cause analysis.

Liaises between SMBC NY Global Financial Institutions Group (GFIG) and control functions to execute on 2nd Line of Defense risk assessments (e.g., RCSAs), as required.

Ensures the business unit is operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with the aforementioned requirements.

Provides education for SMBC NY Global Financial Institutions Group (GFIG) staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance.

Oversee 1st LoD activities and assist specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs within the SMBC NY Global Financial Institutions Group (GFIG) business.

Assess business-unit level key metrics to ensure operational effectiveness, establish and manage SMBC NY Global Financial Institutions Group (GFIG) level metrics, supporting the Coverage and Capital Markets Vertical BCO's vertical level assessment.

Supports the head of the SMBC NY Global Financial Institutions Group (GFIG) strategy and product development (incl. new product development) through identification of risk & control considerations, as well as definition & operationalization of risk mitigants.

Ensure that risk management considerations are embedded in SMBC NY Global Financial Institutions Group (GFIG) processes and strategy.

Qualifications

Functional knowledge of process and control design, including process mapping and process reengineering

Functional knowledge of risk assessment and issue management

Functional knowledge of change management and continuous process improvement practices

Functional knowledge of Corporate Lending processes

Functional knowledge of banking and lending related compliance and risk management requirements & best practices

Strong leadership and communication ability, inclusive of conflict resolution and project management abilities