Data business control officer

Location

White Plains, NY | United States

Job description

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 $144,000.00 and $178,000.00. 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

SMBC is searching for a VP - Business Control Officer (BCO) for their Chief Data Office (CDO). The Data BCO is a business-aligned change agent and a risk & controls manager. The Data BCO provides the CDO Team with guidance on processes, risks and controls design, ensures effective assessment of data risk across the Americas enterprise, and supports CDO's interaction with 2nd & 3LoD functions including Risk Management, Compliance & Audit.

Role Objectives

• Leads and provides expert guidance on assessment of risk and controls across the data stripe throughout the Americas Division. Proactively assessing data risks, vulnerabilities, and raising enterprise data issues where applicable (Management Self-Identified Issues (MSIIs)).
• Design data specific controls and controls test scripts aligning to the CDO's Policies and Standards for enterprise adoption and execution.
• Coordinates CDO's interactions with 2nd Line of Defense functions, Internal Audit, and Regulators pertaining to data processes, risks and controls.
• Coordinates, reviews and manages CDO's Policies, Standards and Procedures annual refresh/review cycles. Authoring edits and new standard requirements aligning to other firmwide policies/standards (e.g., Tech, Data & Cyber Policy)
• Performs risk management framework and related risk assessments of CDO, supporting the Data Functions and the Business Control Office
• Support 1st LoD - Data via performance of enterprise issue management & root cause analysis.
• Liaises between Chief Data Office and control functions to execute on 2nd Line of Defense risk assessments (e.g., RCSAs)
• Ensures that the Data Office is operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with the aformentioned requirements.
• Provides education for CDO staff to ensure awareness of adherence to policies, standards, and procedures, disseminating best-practice guidance.
• Oversee 1st LoD activities and assist specialized domain SMEs (e.g., IT Risk, Business Continuity) in the implementation of their programs within the Chief Data Office
• Assess business-unit level key metrics to ensure operational effectiveness, establish and manage CDO level metrics such as Key Risk Indicators (KRIs)
• Ensure that risk management considerations are embedded in CDO processes and strategy such as aligning with Data Management Frameworks with RCSA Frameworks, Business Resiliency Frameworks etc.

Qualifications and Skills

• 5-7 years of specialized experience in Financial Services
• 5-7 years of experience in a similar role in Controls Office, Internal Audit, Compliance or a closely related area at a major global financial institution
• Functional knowledge of process and control design, including process mapping and process reengineering
• Deep knowledge of risk assessments, RCSAs and enterprise issue management
• Functional knowledge of change management and continuous process improvement practices
• Knowledge of data governance, data management, ADS/SORs and Records Management/Retention preferred
• Strong leadership communication ability, inclusive of conflict resolution and project management abilities
• Strong policy, standard and procedural writing skills
• Prior experience in conducting internal audits preferred
• Experience in identifying gaps, risks and findings within a process and raising such findings to senior management by way of enterprise issue management process

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 [email protected].

Job tags

Salary