Financial Risk Oversight Manager (Remote)

ABOUT THE ORGANIZATION

SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.

The anticipated salary range for this role is between $188,000.00 and $220,000.00. 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.

Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.

To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.

Specialties:

Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services

JOB SUMMARY:

The SMBC MANUBANK Chief Risk Office is looking for an experienced risk manager specializing in market and liquidity risk management to lead the build out of the financial risk oversight function within the bank's second line of defense.

We're in a build mode at SMBC MANUBANK which makes for a highly rewarding atmosphere as we create solutions from the ground up while at the same time establishing a foundation which will support our growth in the years to come. We're looking for a specific combination of knowledge, skills, and character attributes we believe will thrive on our team.

In addition to robust experience managing financial risk, the ideal candidate will bring an entrepreneurial mindset which drives their desire to build something from scratch, an energy for solving new problems and building new processes, and a desire to be a part of a truly collaborative team environment which calls on them to expand their reach into new areas and leverage the strength of the team to be successful.

Responsibilities

• Evaluate, design, and implement comprehensive risk frameworks in partnership with key stakeholders for effective liquidity and market risk management.
• Support enterprise risk processes including risk appetite, risk identification, risk monitoring, reporting, and stress testing.
• Conduct in-depth risk assessments, identifying vulnerabilities, and proposing proactive solutions.
• Evaluate risk scenarios and employ stress testing methodologies to assess the resilience of risk management strategies under adverse conditions.
• Collaborate closely with cross-functional teams, integrating risk considerations into strategic decision-making processes.
• Partner with leaders throughout the various lines of defense within Manu Bank and engage with the holding company's leadership.
• Provide strategic guidance to senior management, translating intricate risk concepts into actionable insights.
• Develop and implement risk policies aligning with regulatory requirements and industry best practices.

JOB SPECIFICATIONS:

Experience

• Minimum of 10 years in progressively responsible roles within liquidity and market risk management.
• Strong technical and analytical skills for assessing complex risk scenarios including analysis and modeling of cash flow and funding gaps, balance sheet forecasting, interest rate sensitivity, stress testing, net interest margin analysis.
• Understanding of both consumer and commercial balance sheets (loans and deposits), products, and customer behaviors which influence funding and profitability.
• Experience with investment portfolios and associated risks including the risk associated with returns as well as broader balance sheet and profitability considerations.
• Proven track record in designing and implementing effective risk management frameworks including the development and implementation of processes supporting risk appetite, risk identification, monitoring and stress testing.
• Leadership experience, showcasing the ability to guide and influence teams.
• In-depth knowledge of regulatory requirements with a proactive approach to compliance.
• Hands-on experience in evaluating risk scenarios and implementing stress testing methodologies (e.g. CCAR).

Preferred Education, Certifications, and Technical Skills

• Bachelor's degree in finance, economics, mathematics, engineering or other quantitative.
• Chartered Financial Analyst (CFA) designation or Financial Risk Manager (FRM) designation.
• Highly proficient and robust experience with Python, R, Bloomberg, Excel, and Power BI.

Location: Remote

EOE STATEMENT

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.

CCPA DISCLOSURE

Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.manufacturersbank.com/CCPA-Privacy. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.