Risk Manager

**Risk Manager (F/M)**:
**Internship level position, Risk Management Department**

Location: Luxembourg

Department: Risk Management

Vacancy type: Internship, Full-time, 6-Months minimum.

Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan.

Built upon a foundation that leverages the perspective of more than 400 years of history, our Japanese heritage affirms a sense of honor and commitment that is increasingly rare in the financial world. Our deeply-held values of service, respect, and integrity are present in everything we do.

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 our corporate, institutional, and municipal clients.

At Luxembourg, our expertise and knowledge allow us to serve clients through variety of services such as Transfer Agent business, Custody business, Securities Management, Fund accounting, FX brokerage.

**Why SMBC?**

At SMBC, we connect the diversity of our employees to the resilience of our firm. We strongly encourage an inclusive environment so that our staff can be their authentic selves and fully thrive in their roles. It is our belief that diversity is not only about demographic differences but also of thought, knowledge, skills, and culture. The acceptance of such diversity strengthens each one of us and is essential to the success of our firm. We are deeply committed to attracting and retaining a high-performing, talented, and diverse workforce.

Our corporate relationships are built on trust. To successfully navigate an uncertain economy while also capitalizing on the opportunities that rise, clients count on SMBC to take a long-term view that emphasizes stability and attention to the numbers. This approach has served our clients well.

**Role / Job Description**

The Risk Management Department is the second line of defense in its role of monitoring and assessing business practices as related to the risk appetite framework for SMBC. Within the department, you will primarily support the Chief Risk Officer in maintaining second line oversight of the risk management function. Additionally, you will support internal control processes, including independent review, and assist in ensuring the firm is in compliance with applicable rules and regulations. This work will require you to have extensive engagement across different functions within the Firm. In addition, you will also be a key participant in regulatory exams and inquiries.

You will (dis)cover all types of risks, such as Credit Risk, Market Risk, Operational Risk, Climate Risk, Derivatives Risk.

**Main purpose**

Support the Chief Risk Officer and the Risk Management team in daily tasks

Contribute to develop projects in line with ECB, EBA and CSSF expectations.

**Main responsibilities**
- Manage and monitor risks on a daily basis by analyzing a combination of automated reports as well as manual reports such as credit, operational and market risk;
- Calculate and monitor collateral on a daily basis based on the development of the forex market;
- Ensure the Bank's daily second level control by analyzing reports of internal controls related to all operations of the Bank;
- Assist in the production of periodical risk reports such as operational risk report, annual risk report and other internal reports;

**Education, experiences and competencies**
- Ability to work collaboratively with internal risk management colleagues
- Demonstrates sound judgement in handling complex and highly confidential matters with integrity and professionalism
- Good written and oral communications skills; presentation skills
- Bachelor’s or preferably Master’s degree in Economics, Finance
- Advance level in English

**What’s in it for you**

Join an international Bank and impact the design and execution of its operations, business risk management and program.

Be exposed to a myriad of interesting and complex issues and learn firsthand about the execution of your colleague’s responsibilities in Risk, Finance and Operations in a way that can only be obtained working in a human size environment where you will be asked to deep dive into requirements and your advice will be relied upon.