Director, Market Risk Audit

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

SMBC is seeking an experienced Audit Director to lead Market Risk audits from the 3

LOD and partner with business stakeholders to strengthen governance, risk management, and internal controls related to market risk activities across SMBC Americas Division. The role will be based in Charlotte and will focus on trading and non trading market risk including risk measurement, stress testing, valuation, and regulatory capital frameworks.

• Support IAD Management Risk Stripe Lead in refining and executing the audit program covering market risk management framework audits and integrated front to back product audits, including trading risk, interest rate risk, valuation, and capital frameworks and new products.
• Assist the Risk Stripe Lead with delivery and execution of IAD's audit plan and assurance responsibilities, including preparation of management reports and regulatory presentations.
• Lead or execute internal audits as Auditor in Charge and perform validation activities in accordance with IIA Standards and IAD procedures within prescribed time frames.
• Demonstrate strong understanding of internal audit techniques, internal controls, and application of audit methodology.
• Ensure written and verbal communication of audit reports (ACRs) conforms with IAD NY methodology, including clear articulation of key risks, root causes, and remediation actions.
• Oversee and participate in quarterly and annual continuous monitoring and risk assessment processes to identify business trends, emerging risks, and changes in the risk profile, and recommend updates to audit coverage as appropriate.
• Assess market risk measurement frameworks, including VaR, stress testing, scenario analysis, and sensitivities, and evaluate underlying assumptions, data inputs, and limitations.
• Evaluate limit frameworks, including design and calibration of risk limits, monitoring processes, breach management, and escalation protocols across trading activities.
• Evaluate data governance, aggregation, and reporting processes, including reliance on end user computing tools (e.g., spreadsheets, SQL based processes) and third party/vendor data sources.
• Identify business process improvement opportunities and propose practical, risk aligned corrective actions.

• Effectively communicate with stakeholders and senior management to articulate audit strategy, testing results, and remediation actions.
• Develop and maintain strong working relationships with Front Office, Risk Management, Finance, and Regulatory stakeholders.
• Provide coaching, guidance, and oversight to junior auditors and co sourced resources.
• Demonstrate accountability, ownership, and ability to lead audit activities with limited supervision.
• Strong communication, presentation, and stakeholder management skills, with the ability to convey complex technical matters to senior…