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SMBC Transformation Portfolio Manager - Cyber Security - Executive Director in New York, New York

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 Rail Services LLC, Manufacturers Bank, 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 $205,000.00 and $275,000.00. 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.

Role Description

The Executive Director, Transformation Portfolio Manager (Cyber Security) partners with the divisional business manager and serves as portfolio oversight and governance lead to deliver an ambitious transformation agenda. Our primary focus is on ensuring a consistent operating model that is resilient, robust, and adaptive to local and global needs, ensuring that SMBC Americas, Combined U.S. Operations (CUSO), and Bank Holding Company (BHC) models have the flexibility to respond on a timely basis to regulatory, market, infrastructure, and client change. The Transformation Portfolio Manager (Cyber Security) will oversee and direct project/program selection, demand management, portfolio planning, portfolio governance, portfolio execution, and benefits realization of projects and programs of varying sizes and complexity. Additionally, the Transformation Portfolio Manager (Cyber Security) will partner with key stakeholders across the bank to ensure effective alignment of related portfolios, programs, and projects. The successful Transformation Portfolio Manager has a proven record of being an integral partner to senior management teams, possesses business / functional planning experience in a financial services context, and has considerable experience with bank operations.

Role Objectives: Delivery

• Planning the portfolio roadmap and ensuring successful project and program outcomes

• Partnering with Business Managers, other Transformation Portfolio Managers, and additional key stakeholders across the bank to create and manage project plans and dependencies

• Understanding business and cyber security themes to ensure that portfolio projects deliver critical business requirements

• Managing interdependencies between large-scale multi-functional transformation efforts

• Daily managing and providing oversight throughout the lifecycle of the Cyber Security portfolio

• Leading annual planning of transformation priorities to select projects and optimize the portfolio

• Working with senior stakeholders to drive cross-functional alignment on business priorities across 1st, 2nd, 3rd line

• Facilitating portfolio optimization and demand management to meet changing requirements and business priorities

• Coordinating with essential delivery partners, incl. Information Technology, Data Management, Operations, Compliance, Risk, Front Office/Middle Office etc.

• Adapting portfolio resource needs in partnership with delivery partners

• Ensuring monitoring and reporting of key portfolio metrics to a variety of stakeholder groups

• Identifying transformation priorities to define and present for approval business cases that align with strategic plans

• Facilitating divisional governance to oversee portfolio scope, delivery priorities, budgets, and schedules

• Instilling a strong culture of delivery discipline, standards, and best practices

• Ensuring that portfolio-wide scope and risks are properly managed by delivery teams

• As required, staffing and leading project and program teams in a matrix organization and managing personnel across projects

• Driving adoption of project standards to ensure quality execution, effective project controls, and reliable internal and external reporting

• Ensuring the transition of project’s deliverables, capabilities, and outcomes into ‘business-as-usual’ operations

• Monitoring of and reporting on portfolio benefits delivery

Qualifications and Skills

  • Previous or current responsibility for Project Portfolio Management (PPM) in a central Program Management Office (PMO) or in a Transformation Leadership capacity in Financial Services, or applicable Management Consulting experience

  • Deep knowledge of Information Technology Operations, Cyber Security, Data Security and Privacy, and Bank Operations

  • Skilled at handling and optimizing complex project portfolios

  • Hands-on experience with project, program, and portfolio management methodologies and techniques

  • Ability to work with senior management stakeholders to define the wider objectives of projects and portfolios

  • Excellent ability to negotiate internally, often at a senior level

  • Strong leadership, management, and communications skills with proven ability to influence at all levels of the bank and across divisions

  • Ability to find innovative ways to solve problems

  • 10 years experience in Financial Services, with significant experience managing business-led transformations

  • Degree in Information Technology, Cyber Security, Management, Finance, Economics, or related discipline required

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 accommodations@smbcgroup.com.

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