Director, Capital Markets Business Control Officer

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 $190,000.00 and $240,000.00. 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
The SMBC Capital Markets, Inc. Capital Market Business Control Officer is a business-aligned change agent and risk management individual contributor. The BCO provides the Business Unit, Front, Middle and Back Office functions in Capital Markets. Candidate provides guidance on processes and control design, ensures effective assessment of risk across the transaction lifecycle, and supports Business Unit interaction with 2nd Line of defense functions including Risk Management and Compliance.

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 Capital Markets, Inc. (CM) business.
Coordinates SMBC Capital Markets, Inc. (CM) 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 Capital Markets, Inc. (CM) business.
Performs risk management framework and related risk assessments (RCSAs) of SMBC Capital Markets, Inc. (CM) supporting the Sales & Trading Vertical BCO
Support Middle and Back office functions via performance of issue management & root cause analysis
Liaises between SMBC Capital Markets, Inc. (CM) 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 Capital Markets, Inc. (CM) to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance
Oversee Middle and Back office activities and assist specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs within the SMBC Capital Markets, Inc. (CM).
Assess business-unit level key metrics to ensure operational effectiveness, establish and manage SMBC Capital Markets, Inc. (CM), supporting the Sales & Trading Vertical BCO's vertical level assessment
Supports the head of the SMBC Capital Markets, Inc. (CM) 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 Capital Markets, Inc. (CM) processes and strategy
Qualifications and Skills
Functional knowledge of process and control design, including process mapping and process reengineering
Experience with risk assessment (RCSAs) and issue management
Functional knowledge of change management and continuous process improvement practices with Middle and Back office processes specific to derivatives, fixed income and FX
Prior banking, Swap Dealer related compliance and risk management requirements & best practices experience
Strong communication ability, inclusive of conflict resolution and project management abilities
5 to 7 years of experience in a similar role in a Operations/Middle Office function or a closely related area at a major global financial institution
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.


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.

United States
New York Show on map Get directions