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Director, Finance Transformation & Optimization

Sumitomo Mitsui Banking Corporation (SMBC)
remote work
United States, New York, New York
277 Park Avenue (Show on map)
Nov 13, 2024

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 $165,000.00and $215,000.00. 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

We are seeking an experienced finance Director with strong communication and analytical skills to transform and drive transparency in SMBC Americas Division's financial operations. This position provides support to senior management and other business stakeholders for the FP&A (Financial Planning and Analysis) Team in Finance and Strategic Planning Department, Americas Division (FSPDAD), and under supervision of our Chief Financial Officer (CFO). The individual should be skilled in driver-based reporting, forecasting, financial data analysis, and scenario modelling to drive actionable insight. This function requires strong influencing and negotiation skills and provides the opportunity to demonstrate thought leadership to senior management.

Scope of responsibility includes, but not limited to: process automation, system integration, architecture design, and automation for financial analysis and planning purposes. This role also focuses on providing both business and technical support through measuring, evaluating, and improving financial data analysis, planning, and forecasting processes, managing reporting of our financial results, analyzing key business drivers, and evaluating strategic initiatives. This role will contribute to major areas of the FP&A Team, which includes financial resource optimization, management and regulatory reporting, and coordination with various stakeholders of the organization from Head Office to our bank's back office, middle office, and front office.

Role Objectives
  • Provide system integration solution for management and regulatory reporting.
  • Architect and develop a strategic architecture framework for enhancing and streamlining our daily, monthly, quarterly, and yearly reporting processes.
  • Establish data and process architecture to support end to end reporting processes and key points of data integration across management reporting, financial reporting, and client reporting.
  • Automate current management reporting through R, Python, VBA or PowerBi.
  • Define and establish processes and governance standards to ensure data quality, consistency, and accuracy.
  • Identify and leverage regulatory reporting platform to build more integrated financial resource management reporting, including ROE, NIM, etc.
  • Deliver frequent reporting at the aggregate regional level and granular business level to enable business management.
  • Identify, challenge, and communicate risks and impacts to management team while considering business implications and dependencies.
  • Innovate and improve existing processes around management reporting.
  • Collaborate to develop forecasting processes to enable entity, business, and regional views of both local and global financial resource consumption and constraints.
  • Drive critical continuous improvement initiatives, as needed, including performing gap assessment, critical analysis, setting up projects/initiatives to drive results.
  • Develop constructive relationships within and outside the team, including communication of key messages and updates to relevant stakeholders in a timely manner and managing client expectations and determining actions to improve services, as necessary.
Qualifications and Skills
  • 10+ years of working experience in financial industry in Finance, Risk, or Technology departments.
  • Strong conceptual knowledge of Business Intelligence, data and process architecture to support end to end reporting processes and key points of data integration across management reporting, financial reporting, and client reporting.
  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of support and business partners.
  • Drive process efficiencies through automation and delivery of data pipelines to enable self-service reporting and analytics
  • Working experience on financial reporting, business analysis, data analysis and/or project management is preferred.
  • Ability to manage multiple initiatives simultaneously and plan/prioritize appropriately.
  • Ability to lead and drive initiatives through creative thinking and pragmatism.
  • Working knowledge of financial services industry (finance, banking, accounting, and business management, etc.)
  • Proficient level of programming skills in Python, SQL Scripts, VBA, and/or R.
  • Hands on experience on System Integration with Oracle Database, Tableau, and Power BI, etc.
  • Proficiency with Word, Excel, PowerPoint, along with ability to quickly learn new programs and applications.
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. 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.

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.

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