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Job Title


Vice President, Finance Change (Data Strategy Lead)


Company : Sumitomo Mitsui Banking Corp


Location : jersey city, NJ


Created : 2024-11-02


Job Type : Full Time


Job Description

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 $179,000.00and $230,000.00. 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. Overview To support SMBC Americas' business growth strategy, SMBC Finance is executing a major initiative to review and enhance critical Finance processes within its US operations, including financial planning, reporting, and data management. Working with core Finance teams and other key colleagues (Technology, Risk, Compliance, etc.). Finance Change is primarily responsible for establishing and managing large-scale programs focused on implementation of processes, methodologies, and systems that meet regulatory requirements and industry best practices. Within the larger Finance Change team, Data Strategy team is focused on developing and executing on a long-term vision of Data Management capabilities (Data Sourcing and Governance) across all finance functions (e.g., Treasury, FP&A, Controllers etc.). The Vice President will be responsible for rigorously executing upon and managing a portfolio of prioritized finance data strategy and data management (including setting up adequate data governance), working closely with senior stakeholders across SMBC Americas, as well as guiding junior staff. Responsibilities Manage a portfolio of prioritized finance data strategy and data management initiatives / workstreams and produce executive management updates and presentations. Lead the data sourcing and data discovery initiative as it pertains to reference data which includes determining requirements across the finance function Drive adoption of various strategic technological solutions and manage transformation of related finance business processes Contribute to the overall design and implementation of programs and/or technology strategy to establish projects that deliver sustainable, scalable solutions. Lead all phases on finance data management and governance cycle, including identification of data elements and critical data elements Lead gap assessments against data policies and standards and reporting (management or regulatory) requirements to identify gaps and determine remediation plans Partner with finance SMEs, Chief Data Office, IT, and other stakeholders in implementing target state data controls and data governance framework Analyze business and functions stakeholders' data management and governance processes and controls, identify gaps, and propose enhancements in line with SMBC's strategic data strategy vision Set overall objectives and targets to measure project execution delivery and success criteria of critical milestones and deliverables. Perform ongoing monitoring and provide transparent reporting to impacted stakeholders and senior management. Build relationships with key internal/external stakeholders centered on collaboration, flexibility, and thoughtfulness Support other finance transformation programs under the Finance Change team inclusive of stakeholder assessment, impact analysis, and the development and execution of key strategies and plans Qualifications Minimum of 3-5 years experience in controllers, regulatory reporting, data office, data management, change management, finance team at a financial services firm, or related experience. Experience with data projects involving concepts and processes related to reference data, data management, such as critical data elements, data architecture, data models, data lineage, data quality, data dictionary etc. Comfortable working with ambiguity and skillset to understand and define the "problem statement"; ability to think strategically and execute tactically, be solutions focused, and solve problems. Strong capability to manage complex projects independently, coordinating across multiple stakeholder groups, with a rigorous attention to detail. Significant knowledge of financial operations and planning, risk and controls management, IT processes, and data management. Ability to strategically develop and implement complex process and technology change management initiatives. Ability to prioritize efforts across multiple projects and manage competing deadlines with stakeholders. Excellent interpersonal skills; ability to successfully influence and build effective partnerships with all levels of team members and colleagues. Ability to manage a team of resources and monitor a large book of work comprised of multiple initiatives. Ability to work independently in ambiguous environments that are not clearly defined. Ability to be flexible and follow tight deadlines. Excellent verbal and written communication and presentation skills commensurate with production and presentation of management-ready materials. Proficiency in Word, PowerPoint, and Excel applications. 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 .