Enterprise Data Management

The Risk Enterprise Data Management Director ("REDMD") for Market Risk candidate will assist the Enterprise Data Executive in implementing the organization's data governance strategy by advocating for the solutions aligned to our data principles, policies and standards and educate key stakeholders within Risk Management on purpose and value of data governance and importance of data quality. The REDMD role will support the RMDAD organization business data needs across various RM verticals (e.g., Market Risk, Credit Risk, Liquidity Risk, Counterparty Credit; Market, Distribution Risk, Operational Risk, Model Risk, Enterprise Risk Management (ERM). The REDMD will partner with Risk Management Americas Division Market Risk experts to identify key data elements, historical data, data proxies and gaps, analyze the end-to-end process fo rmarket and regulatory reporting to clearly articulate inefficiencies, inaccuracies, data quality and control issues. The REDMD for Market Risk will drive improvements in the quality of information used in regulatory filings in the U.S., market risk, capital related market risk models, including VaR/SVaR and FRTB, scenario simulation choices (e.g., parametric, historical, Monte-Carlo), P&L generation choices and attribution. The REDMD will ensure that all stakeholders adhere and comply with SMC's Data Management Policy, frameworks, processes, procedures & standards of a Federated Operating model structure for corporate and business policies, regulations, supervisory requirements and expectations.

The REDMD role is part of a team established by the Enterprise Data Governance Program. It focuses on agreed upon enterprise data scope ensuring that the data governance lifecycle aspects are methodically adopted and functioning to fulfill related requirements. The REDMD role will support the Risk Managemnt organization's data needs and will ensure that all stakeholders adhere to SMBC's data management as well as key corporate policies. The REDMD will maintain alignment with the overall data governance frameworks, processes, procedures, standards, frameworks, reporting requirements and ensure that the risk management area verticals and domains (e.g., market, credit, liquidity, counterparty credit; distribution, operational, model risks and reporting) are compliant with the corporate & regulatory requirements and expectations. The REDMD will act as the key liaison contact on all things data and will help run data management activities, prioritize and centrally coordinate tactical and strategic efforts, key projects and maintain data documentation for the processes oversee. Ensure that data quality issues and exceptions are promptly and accurately captured and documented, prioritized, root causes are identified, and fixes are timely implemented and supported by adequate supporting documentations and approvals as per procedures and standards. The REDMD will provide critical information necessary to identify trends in the data quality issues/exceptions captured and prepare analysis reports for management and senior management.

A successful REDMD candidate for this position must possess both a deep and wide background in the risk desciplines specifically around market risk, capital related market risk models, including VaR/SVaR and FRTB, scenario simulation choices (e.g., parametric, historical, Monte-Carlo), P&L generation choices and attribution, historical data filling and proxy, and their key processes methodologies, adjustments, data flows and reporting requirements (e.g., FFIEC 102). In addition, the REDMD canditate should demonstrate understanding of the respective risk and regulatory reporting rules, requirements and supervisory letters and guidances, operations and data governance, transactional, market and master & reference data, experience in data quality validation and attestations, lineage tools, project management methods and posess ability to guide and develop remediation plans for specific regulatory, internal audit and management issues related to data, data related processes and technologies.

• Manages and leads a cross functional team of data analysts and/or contractors in implementing and maimtaing a robust data governance structure to bolster the risk management framework
• Prioritizes data requirements, performs project planning activities and seeks diverse points of view for optimal data solutions
• Works with business to define key data elements used in products, risk activities and reports (e.g., FFIEC 102). Collect required business and technical metadata, document data flows, data profiling, develop and implement data quality rules.
• Comprehensive analysis of data or new requirements for the preparation of risk reports and efforts to consolidate data into centralized data warehouses and pinpoint risk trends
• Drives issue remediation and coordinates with the business to remediate data quality, regulatory, internal audit and management self-identified issues
• Works with our technology partners to implement best practices and innovative techonology solutions necessary to support the data governance program
• Stays updated on changes in regulations (e.g., Basel II/II.5/III, Risk-Based Capital Guidelines: Market Risk) and industry best practices related to risk management and reporting and helps translate regulatory rules & requirements into data policies, rules and standards
• Ensure that all risk reporting activities comply with relevant regulatory requirements and industry standards
• Understands all aspects of data governance policy, framework(s) and other key data governance standards and procedures
• Develops key metrics, scorecards, dashboards and visualization tools to effectively communicate risk information to Chief Data Office and senior management
• Works with risk and technology partners to implements best practices and innovative solutions to improve the efficiency and effectiveness of risk reporting
• Possesses strong communication (oral and written) and presentation skills and delivers presentations & related materials to business, technical and executive teams

• BS/BA, Master's degree preferred: MBA or MA/MS in Risk Management, Finance, Economics, Accounting, Management Information Systems or related field from an accredited university
• Proven 10+ years of relevant experience in risk management verticals such as market, credit, liquidity and market risk reporting, product control, financial analysis and reporting. Understanding of data management & governance, needed for a robust risk management data program. Strong analytical and and problem-solving skills, with the ability to interpret complex data and identify key insights, acting as a visionary on data management. Experience in market risk data requirements, reporting platforms, historical data,data gap remediation and adjustments, capital related market risk models, including VaR/SVaR and FRTB related risk rating methodologies, data quality rules, metrics & dashboards. Proficiency in data analysis tools and software, such as Excel, SQL, and risk management platforms.
• Broad understanding of current regulatory environment covering BCBS 239, Part 30, market risk, Fundamental Review of Trading Book (FRTB), counterparty credit, liquidity, stress testing, collateral managemnt, Basel (III/IV), RWA reporting requirements, credit and distribution risk, loan originations & syndication, portfolio management, allowance for loan & lease losses (ALLL); current expected credit loss (CECL) and capital models & measuremnts, risk appetites, and limit structure measurements.
• Expertise and knowledge of project management methodology/SDLC/Agile etc., processes in IT or financial services environments and data governance tools such as Collibra
• Data analysis skills with the capability of identifying data quality issues, risks, root causes and correlating those issues with data specifications, rules and offer/facilitate recommendation for remediation plan solutions
• Strong communication skills with theability to communicate information to technical and non-technical audiences
• Possesses a results-oriented attitude and can lead in an independent and collaborative manner
• Team-oriented player with excellent listening, interpersonal and written communication skills. Ability to work in a cross-functional, fast paced Risk & Finance environment.

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.