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SMBC Planning & Execution Associate in Jersey City, New Jersey

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 $82,000.00 and $112,000.00. 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

As a member of the SMBC Americas Sourcing & Procurement team, which sits within the Finance organization, the Planning & Execution Associate will have diverse responsibilities for supporting end-to-end delivery of strategic planning efforts, specifically in support of Sourcing & Procurement’s transformation to a new target operating model. These responsibilities will include supporting project management for key initiatives, delivering change management efforts in collaboration with Business partners and other stakeholders, and providing a range of ongoing status reporting within the Bank, leveraging standardized templates and communication channels.

As a key member of a small team, a successful candidate will have excellent communication, analytical, and project management skills. This person must have the flexibility to respond to dynamic priorities, the ability to work independently, and strong collaboration skills. This Associate will be an individual contributor reporting to the Director, Procurement Strategy &Governance, within the Sourcing & Procurement team.

Role Objectives

Key responsibilities will include, but not be limited to, the following:

  • Partnering with key business stakeholders, technology teams, and other procurement partners to gather requirements, assess current state and future state processes, perform gap analyses, and thoroughly document business requirements

  • Supporting planning and project management for key Sourcing & Procurement strategy and governance initiatives

  • Coordinating internal audit responses and executing other control environment initiatives, as needed

  • Delivering change management efforts in collaboration with Business partners and other stakeholders

  • Delivering a range of ongoing status reporting within the Bank, leveraging standardized templates and communication channels

  • Supporting appropriate planning, training, and stakeholder engagement to facilitate effective adoption of new processes, procedures, operational tools, and/or technology while driving continuous improvement

  • Supporting the preparation of strategic business analyses, including preparing presentations and reporting materials for senior management

  • Supporting other Sourcing & Procurement priorities, as needed

Qualifications and Skills

• Three to five years of experience in one of the following industries or focus areas: Sourcing & Procurement, Banking, Financial Services, Project Management, Management Consulting, Business Management

• Sourcing & Procurement knowledge and experience strongly preferred

• Banking/Financial Services industry experience strongly preferred, including exposure to audit and regulatory compliance requirements

• Knowledge of third-party risk and procurement/buy-side strategy a plus

• Corporate planning, execution, business management, and change management experience

• Experience supporting and improving operational processes

• Self-starter who demonstrates initiative and the ability to learn quickly to work independently to complete tasks

• Highly results-oriented with a record of successful accomplishments

• Excellent verbal and written communication skills with the ability to build trust across the organization

• Strong relationship management, collaboration, and influencing skills and ability to work successfully as part of a team

• Ability to partner and leverage resources across the team and cross-collaborate with other departments to achieve goals and deliver results

• Flexibility to respond to evolving requirements and dynamic priorities in a fast-paced work environment

• Ability to successfully work on multiple tasks simultaneously while interacting professionally with a diverse group of executives, managers, and subject matter experts

• Ability to prioritize work by setting and meeting realistic deadlines, forecasting and communicating changes resulting from risks, issues, and other challenges

• Keen attention to detail, including ability to quality check own work and the work of others.

• Fluency working with Microsoft Office applications (Excel, PowerPoint, Word)

• Management consulting, business management, strategic planning, or similar experience a plus

Additional Requirements

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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