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SMBC Business Continuity Manager / Resilience / Third Party Risk Management - Vice President in White Plains, New York

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 $122,000.00 and $170,000.00. 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

  • In partnership with the assigned business areas and their Business Continuity Coordinators (BCC) and Plan Owners, create, maintain/refresh and improve Business Impact Analysis (BIAs) and Business Recovery Plans (BRPs).

  • Help the business coordinate with IT their critical technology requirements.

  • Upon completion of the BRPs, assist and facilitate the testing of ITDR and business recovery strategies.

  • Deliver regular BCM training for staff.

  • Ensure coverage area(s) are compliant with all BCM Policy, Standards and Procedure requirements.

  • Act as liaison to assigned business area for BCM topics and in the event of an actual disaster or continuity event.

  • Additionally, in this role you will work with a team supporting business units within SMBC in the performance of risk management activities as defined by the

  • Third-Party Risk Management (TPRM) framework and lifecycle.

  • This entails working closely with the BCM TPRM lead, Third Party Management Operations, the Third Party Oversight second line of defense function and Business and Technology representatives to ensure the Firm’s Third Party Risk Management program is effectively identifying and managing the BCM risks facing the organization through its extensive use of third-party service providers.

  • The ideal candidate is a highly motivated individual, with strong project management, communication and relationship-building skills as well as a demonstrated record of ongoing accomplishments and commitment to excellence.

Role Objectives: Delivery

  • Timely delivery of BIAs and BRPs. Assist the Business Continuity Coordinators (BCC) and Plan Owners with the creation and/or review/refresh of both the business impact analysis and business continuity plan within the Fusion BCM tool.

  • Recovery Strategy Testing. Facilitate the business testing of the recovery strategies for all four impact types, Loss of Staff, Premises, IT and Critical Vendors.

  • BCM business liaison. Working closely with the assigned business coverage area in all matters related to the BCM Life Cycle.

  • Responsible for completing and providing support for BCM-aligned risk assessments for engagements under the Third-Party Portfolio, including the review of the applicable Initial Risk Assessment (IRA) and BCM Due Diligence Questionnaires (DDQs).

  • Ensures that all Third-Party Risk Management (TPRM) Policies & Procedures are adhered to in the execution of the program throughout the full TPRM Lifecycle. Interface with second line of defense review and challenge and Internal Audit.

  • Provides project management expertise in supporting BCM and TPMO Policy, procedures, program design and enhancements.

  • Support BCM-aligned TPRM metrics & reporting; providing insight into third party activity and performance for business unit executives and management committees.

  • Responsible for ensuring BCM-aligned issues and risks in the TPRM program are appropriately remediated or escalation protocols are followed.

Role Objectives: Interpersonal

  • Meet regularly with business leadership to review and sign-off business continuity plans.

  • Foster internal relationships with support partners in corporate security, technology and corporate real estate services (CRES).

  • Align with counterparts in adjacent business units or regions to drive consistency and economies of scale where practical.

  • Work closely with Third Party Management Operations, Business and Technology representatives to ensure the Firm’s Third Party Risk Management program is effectively identifying and managing the BCM risks facing the organization through its use of third-party service providers.

Role Objectives: Expertise

  • Stay abreast of new and evolving business processes that may require modifications to business continuity strategy.

  • Leverage relationships with counterparts in other business units or regions, as well as support partners in corporate security, technology and corporate real estate services, to identify best practices and incorporate where appropriate.

  • Demonstrate expertise in BCM software functionality to drive efficiencies.

  • Understand and maintain proficiency in Industry Standards for BCM and Third Party Risk Management (including OCC, FBR, FDIC, SEC, FFIEC, FINRA) and apply this knowledge to both BAU and strategic actions.

Qualifications and Skills

Recommended years of experience: 7

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 accommodations@smbcgroup.com.

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