SMBC
Director, Securitized Products & Capital Solutions - Business Control Officer
SMBC, New York, New York, us, 10261
Role Description
The Securitized Products and Capital Solutions Business Control Officer is primarily an individual contributor. The Securitized Products and Capital Solutions BCO is responsible for the full scope of Securitized Products and Capital Solutions processes & controls. The Securitized Products and Capital Solutions BCO reports directly to the Coverage and Capital Markets/Structured Finance Solutions Vertical Business Control Officer.
Role Responsibilities
Leads and provides expert guidance on assessment of processes and controls across the end-to-end transaction lifecycle, proactively assessing threats, vulnerabilities, and possibility of future incidents
Performs process re-engineering to improve efficiency and strengthen controls within Securitized Products and Capital Solutions
Coordinates Securitized Products and Capital Solutions interactions with 2nd Line of Defense functions, Internal Audit, and Regulators pertaining to processes and controls
Coordinates management of risk appetite, limits and guideline setting & issue management for Securitized Products and Capital Solutions
Performs risk management framework and related risk assessments of Securitized Products and Capital Solutions, supporting the Coverage and Capital Markets/Structured Finance Solutions Vertical BCO
Support 1st LoD via performance of issue management & root cause analysis
Liaises between Securitized Products and Capital Solutions and control functions to execute on 2nd Line of Defense risk assessments (e.g., RCSAs), as required
Ensures the business unit is operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with the requirements
Provides education for Securitized Products and Capital Solutions staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance
Oversee 1st LoD activities and assist specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs within the Securitized Products and Capital Solutions
Assess business-unit level key metrics to ensure operational effectiveness, establish and manage Capital Solutions Group level metrics, supporting the Coverage and Capital Markets/Structured Finance Solutions Vertical BCO's vertical level assessment
Supports the head of the Securitized and Capital Solutions strategy and product development (incl. new product development) through identification of risk & control considerations, as well as definition & operationalization of risk mitigants
Ensure that risk management considerations are embedded in Securitized Products and Capital Solutions processes and strategy
Qualifications and Skills
Process and control design, including process mapping and process reengineering
Experiece with of risk assessment, issue management and change management and continuous process improvement practices
Prior knowledge with underwriting and syndication processes of Collateralized Loan Obligations issuance process
Knowledge of Capital Markets, CLO, Loans compliance and risk management requirements & best practices
Strong leadership and communication ability, inclusive of conflict resolution and project management abilities
5-7 years of specialized experience in Financial Services
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.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
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Role Responsibilities
Leads and provides expert guidance on assessment of processes and controls across the end-to-end transaction lifecycle, proactively assessing threats, vulnerabilities, and possibility of future incidents
Performs process re-engineering to improve efficiency and strengthen controls within Securitized Products and Capital Solutions
Coordinates Securitized Products and Capital Solutions interactions with 2nd Line of Defense functions, Internal Audit, and Regulators pertaining to processes and controls
Coordinates management of risk appetite, limits and guideline setting & issue management for Securitized Products and Capital Solutions
Performs risk management framework and related risk assessments of Securitized Products and Capital Solutions, supporting the Coverage and Capital Markets/Structured Finance Solutions Vertical BCO
Support 1st LoD via performance of issue management & root cause analysis
Liaises between Securitized Products and Capital Solutions and control functions to execute on 2nd Line of Defense risk assessments (e.g., RCSAs), as required
Ensures the business unit is operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with the requirements
Provides education for Securitized Products and Capital Solutions staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance
Oversee 1st LoD activities and assist specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs within the Securitized Products and Capital Solutions
Assess business-unit level key metrics to ensure operational effectiveness, establish and manage Capital Solutions Group level metrics, supporting the Coverage and Capital Markets/Structured Finance Solutions Vertical BCO's vertical level assessment
Supports the head of the Securitized and Capital Solutions strategy and product development (incl. new product development) through identification of risk & control considerations, as well as definition & operationalization of risk mitigants
Ensure that risk management considerations are embedded in Securitized Products and Capital Solutions processes and strategy
Qualifications and Skills
Process and control design, including process mapping and process reengineering
Experiece with of risk assessment, issue management and change management and continuous process improvement practices
Prior knowledge with underwriting and syndication processes of Collateralized Loan Obligations issuance process
Knowledge of Capital Markets, CLO, Loans compliance and risk management requirements & best practices
Strong leadership and communication ability, inclusive of conflict resolution and project management abilities
5-7 years of specialized experience in Financial Services
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.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
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