SMBC • Jersey City, NJ 07308
Job #2789890517
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 $158,000.00 and $198,000.00. 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 Finance Data Steward (FDS) in the Data Management Team (part of the Enterprise Data Management Function) assists the Enterprise Finance Data Management Executive in implementing the organization's data governance strategy by advocating for the solutions aligned to our data principles, policies and standards and educate key stakeholders within Finance on purpose and value of data governance and importance of data quality. As a FDS, you will partner with Finance experts to identify key data elements, analyze the end-to-end process for financial and regulatory reporting to clearly articulate inefficiencies, inaccuracies, data quality and control issues. The FDS work will drive improvements in the quality of information used in regulatory filings in the U.S., liquidity, treasury, financial statements, disclosures and financial metric calculations. The FDs also will be responsible for documentation and maintenance of meta data related to Finance Processes data. The FDS will lead efforts to perform root cause analysis of identified issues and map out tactical and strategic solutions for process and control improvement, as well as front to back teams across the Americas Divsion as well globe to agree solutions, prioritize the delivery, and oversee the implementation.
Scope
The role of Finance Data Steward (FDS) in the Data Management Team will assist in implementing the organization's data governance strategy by advocating for the solutions aligned to our data principles, policies and standards and educate key stakeholders within Finance on purpose and value of data governance and importance of data quality. The FDS partners with Finance experts to identify key data elements, analyze the end-to-end process for financial and regulatory reporting to clearly articulate inefficiencies, inaccuracies, data quality and control issues. The FDS work will drive improvements in the quality of information used in regulatory filings in the U.S., liquidity, treasury, financial statements, disclosures and financial metric calculations. The FDS also will be responsible for documentation and maintenance of meta data related to Finance Processes data. The FDS will lead efforts to perform root cause analysis of identified issues and map out tactical and strategic solutions for process and control improvement, as well as front to back teams across the Americas Divsion as well globe to agree solutions, prioritize the delivery, and oversee the implementation.
A successful FDS candidate for this position must possess both a deep and wide background exposure in the finance, products and finance data (e.g., key data elements identification, data traceability/lineage & Data quality & issue management), treasury, liquidity & reporting, stress testing, capital management, product control and managerial & regulatory reporting areas specifically around (e.g., FRY-9C, FFIEC 009, FRY-11, FRY-15, FFIEC 002, FR 2052a, CCAR FRY-14s reports (M/Q/A) , Basel (FFIEC 101/102), Volcker etc.).
Role Objectives
Promote the enterprise data strategy by advocating for the solutions aligned to SMBC's data principles, policies and standards and educate key stakeholders within Finance on purpose and value of data governance and importance of data quality
Support the definition and maintenance of metadata, business terms, data ownership, Key Data Elements (KDE's), producer/consumer listing, data quailty validation rules, data flow diagrams and lineage
Manage the execution our Data Quality Issues management process (analysis issues, design solutions, prioritize implementation, plan, and track execution) for the Finance domain
Support on-going operation of data quality management across the Finance data domain by defining and reporting on processes and metrics to measure the quality of the data used in Finance including leveraging the Bank's BCBS239 Compliance Framework
Supports Finance Domain to establish strong regulatory interaction. Coordinates and works with the business to remediate, regulatory, internal audit, self-identified management and data quality issues
Knowledge regulatory reporting (e.g., FRY-9C, FFIEC 009, FRY-11, FRY-15, FFIEC 002, FR 2052a, CCAR FRY-14s reports (M/Q/A), Basel (FFIEC 101/102), Volcker etc.), treasury & capital management and liquidity (i.e., stress testing, intraday liquidity reporting etc.)
Expertise in finance and treasury process-related data, with the ability to fluently communicate with Finance verticals professionals to gather and understand requirements and solve problems
Identify opportunities for continuous improvement within data management processes and tools (e.g., key data elements, lineage, control documentation, data quality measurement), while translating business strategy into practical operational action plans with clear objectives
Strong communication, project management, writing and presentation skills
Qualifications and Skills
BS/ master's degree preferred: MBA or MS in Finance or Financial Engineering or Computer Science or related degree from an accredited university.
5-7 years of experience years' experience in program data governance, finance, regulatory reporting, product control with proven success in project execution.
Knowledge of data governance tools and platforms such as Collibra
Experience with BI / data analytics tools, (e.g., Tableau, QlikView, Alteryx) and Experience working with large data sets and Advanced Relational Database Experience (RDBMS) in one or more of the following:
Microsoft SQL Server; Oracle; MySQL.
Experience in developing data standards, processes, and policies, as well as developing and implementing enterprise data strategies, operational data stores and data quality tools
Strong and deep understanding and direct experience with Finance, Regulatory Reporting and Treasury
Experience in business and data analysis, process improvement and project management
Possess a results-oriented attitude and can lead and drive towards results in an independent and collaborative manner
Ability to build relationships, team-oriented player with interpersonal and facilitation Skills
Excellent listening, written and verbal communication skills
Ability to work in a cross-functional, fast paced finance environment under pressure
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.
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 ~~~.
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