Junior Risk Manager (F/M), Agent level position, Risk Management Department

Location: Luxembourg

Department: Risk Management

Vacancy type: Permanent, Full-time

Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of

the three largest banking groups in Japan.

Built upon a foundation that leverages the perspective of more than 400 years of history, our Japanese

heritage affirms a sense of honor and commitment that is increasingly rare in the financial world. Our

deeply-held values of service, respect, and integrity are present in everything we do.

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 our corporate, institutional, and municipal

clients.

At Luxembourg, our expertise and knowledge allow us to serve clients through variety of services such as

Fund Administration, Custody business, Securities Management, FX... brokerage.

Why SMBC?

At SMBC, we connect the diversity of our employees to the resilience of our firm. We strongly encourage an inclusive environment so that our staff can be their authentic selves and fully thrive in their roles. It is our belief that diversity is not only about demographic differences but also of thought, knowledge, skills, and culture. The acceptance of such diversity strengthens each one of us and is essential to the success of our firm. We are deeply committed to attracting and retaining a high-performing, talented, and diverse workforce.

Our corporate relationships are built on trust. To successfully navigate an uncertain economy while also capitalizing on the opportunities that rise, clients count on SMBC to take a long-term view that emphasizes stability and attention to the numbers. This approach has served our clients well.

Role / Job Description

Team introduction:

The Risk Management Department is the second line of defense in its role of monitoring and assessing business practices as related to the risk appetite framework for SMBC. Within the department, you will primarily support the Chief Risk Officer in maintaining second line oversight of the risk management function. Additionally, you will support internal control processes, including independent review, and assist in ensuring the firm is in compliance with applicable rules and regulations. This work will require you to have extensive engagement across different functions within the Firm. In addition, you will also be a key participant in regulatory exams and inquiries

Main purpose of the role

Ensuring the continuous improvement and quality of risk management processes and controls in line with both regulatory and internal requirements while monitoring daily controls and the production of periodical reports within the risk framework.

Developing projects in line with ECB, EBA and CSSF expectations.

Main responsibilities

As a Junior Risk Management Agent, you will:
• Manage and monitor risks on a daily basis by analyzing a combination of automated reports as well as manual reports such as credit, operational and market risk;
• Calculate and monitor collateral on a daily basis based on the development of the forex market;
• Ensure the Bank's daily second level control by analyzing and validating reports of internal controls related to all operations of the Bank;
• Regulatory watch on risk management topics such as Basel IV, ICAAP, funds industry;
• Assist in the production of periodical risk reports such as operational risk report, annual risk report and other internal reports;
• Prepare and develop stress testing;
• Assist the Chief Risk Officer in various risk management and fund compliance topics ;
• Constantly review the existing risk framework (regulatory and internal requirements) in close cooperation with other department, .

Education, experiences and competencies
• Strong communication skills, leadership and relationship-building skills to work with internal departments, Headquarter and regulatory bodies
• Strong ability to work collaboratively with internal risk management colleagues and risk management leaders across all subsidiaries and globally
• Demonstrates sound judgement in handling complex and highly confidential matters with integrity and professionalism
• Professional approach to taking a firm position on risk in the absence of broad-based support; understands impact of downstream policy implementation
• Strong reasoning ability understands complex situations, people and systems needs against backdrop of implementing a risk management environment
• Stays current on new risk concerns and best practices policy recommendations and implementation
• Expert written and oral communications skills; strong ability to write policy; excellent presentation skills
• Master’s degree in Economics or Finance
• 0 to 2 years experience in risk management is a plus
• Good knowledge of local regulations, Basel requirements and financial products are a plus
• Funds industry knowledge is a plus
• Fluent in English and a sound knowledge of French

What’s in it for you

By joining SMBC Nikko Luxembourg, you would join an international Bank with a human size environment and be able to impact the design and execution of its operations, business risk management and program.

You would be exposed to a myriad of interesting and complex issues and learn firsthand about the execution of your colleague’s responsibilities in Risk, Finance and Operations in a way that can only be obtained working in a human size environment where you will be asked to deep dive into requirements and your advice will be relied upon.

We will offer you a competitive salary package and benefits suite, as well as a collaborative working environment and learning opportunity
Luxembourg

Salary Criteria