Budget Management

Budget Management

Job Level: Vice President Job Function:
Reporting & Analytics

Location:

Charlotte, NC, US

Employment Type:

Full Time Requisition  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.

Role Description We are seeking a driven, detail-oriented Vice President with a strong sense of ownership to join the Office of the CRO within the Americas Division Risk organization. The Office of the CRO operates across all risk verticals and partners closely with the business, control functions, and Head Office. While the team's remit is broad, a core responsibility is overseeing the operations of the Risk organization, including budget management, and providing direct support to the Chief Risk Officer.

This role will play a critical part in managing and enhancing budget governance, financial planning, and expense oversight for the CRO organization, encompassing 500+ staff. This position requires strong analytical capabilities, a deep understanding of budget frameworks, and the ability to collaborate effectively across risk verticals, Finance, and Head Office stakeholders. This is a strategic role within the Risk function and instrumental in linking risk strategy, operating model, and execution, and offers insight into key initiatives and investment priorities across risk verticals.

This is a hybrid position based in Charlotte, North Carolina.

• Budget Planning
  • Play a key role in consolidating budget requirements across risk verticals and developing annual and multi-year budget plans
  • Partner with Finance and Head Office on budget submissions, negotiations, and approvals
  • Drive forward-looking forecasts, including personnel and non-personnel expenses
• Expense Management
  • Track actual expenses against budget and monitor overall budget utilization
  • Perform variance analysis and identify key drivers of deviations
  • Ensure alignment with internal budget policies and approval frameworks
• Reporting & Senior Management Support
  • Prepare and present financial performance insights, trends, and risks to budget execution to senior stakeholders, including the CRO
  • Lead development of materials for management meetings and C-suite forums
• Budget Governance & Process Improvement
  • Embrace a transformational mindset and strengthen forward-looking governance, including detailed budget reviews by category, structured approval processes, and tighter controls.
  • Drive continuous improvement in budget processes through automation, enhanced reporting, and data visualization
• Strategic Planning & Executive Support
  • Assist with annual planning activities, including goal setting and progress monitoring, first line performance evaluation, and CRO organizational activities.
  • Prepare executive presentations, risk reporting materials, and Board/Committee/Regulatory updates.
  • Assist with special projects and strategic initiatives.

Qualifications and Skills Bachelor's degree in Finance, Business Administration, Accounting, or a related field Minimum of 7 years of relevant experience, including budget management. Strong analytical and data analysis and reporting capabilities Highly organized with excellent written and verbal communication abilities across all levels of the organization. Proficiency in Microsoft Word, Excel, and PowerPoint; ability to quickly learn new systems and applications.