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 $143,000.00 and $185,000.00. 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.
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Sustainability and Climate Risk VP
Role Description
This position sits within the Enterprise Risk Management of SMBC’s Risk Management Department, which is the 2nd line of defense independent risk management function for the bank. As a Sustainability & Climate Risk VP, you will play an integral role in SMBC Sustainability Ecosystem and One Platform development and support the buildout of the regional Sustainability and Climate Risk Management program by developing and integrating into Ecosystem sustainability and climate risk models, metrics, analytics tools and achieving sustainability risk data requirement. This Ecosystem is to support the bank to measure and embed Sustainability and Climate risk considerations throughout the business. You will work with leaders across risk disciplines and business units to develop Sustainability and Climate risk measurement methodologies, analytic tools and their integration into business and One Platform. This role will involve close partnership with the firm’s Technology functions to achieve the goal of model development and integration.
Role Objectives:
- Support SMBC Sustainability Ecosystem and One Platform
- Support the development of climate risk models, metrics and their integration into Platform
- Develop integration methodology of climate risks into different risk stripes (e.g. credit, market, liquidity and operational, etc) thought qualitative assessment, quantitative metrics, scenarios analysis, etc.
- Support climate scenario analysis and stress testing methodology and their integration into business process
- Improve financed emission methodology and calculation
- Support sustainability and climate risk scorecard development and integration into Platform
- Work collaboratively with a range of stakeholders across SMBC to support the development, coordination, and implementation of enterprise-wide climate risk management framework elements
Qualifications and Skills
- BA/BS in business, finance, economics, and/or other quantitative fields, advanced degree a plus
- Minimum 3 years of relevant climate risk modeling experience within consulting, banking, investment management and ESG rating industries.
- Hands on experience of Python/R and SQL, experience of PowerBI is a plus.
- Good understanding of sustainability and climate Risk ID, taxonomy and risk mapping.
- Experience in climate risk transition scenario analysis and its integration into credit model including PD/LGD/ELs, OR climate physical scenario analysis, physical heat map and their integration into business process.
- Experience in climate risk assessment model scorecard
- Experience in sustainability and climate risk metrics development
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 accommodations@smbcgroup.com.
