Analyst - Third-Party Risk Management, Planning Department

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region.   SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network.  We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

Working in conjunction with the Head of Planning, this position will support the Third-Party Risk Management (TPRM) team to execute the Branch’s TPRM Framework and ensure service provider compliance with relevant laws, prudential standards, rules and guidelines and codes of practice across all risk domains.  

This position will be responsible for:

• Coordinate the documentation of all company contracts including outsourcing, vendors and service providers. 
• First Line of defence in implementing company framework for third party service providers including assessment of each vendor’s risk profile, periodic monitoring.
• Supporting contract owners on the completion of due diligence checks including guidance on appropriate documentary evidence from service providers.
• Maintain onboarding and periodic review documentation for service providers.
• Prepare quarterly monitoring and submission of reports to regional office. 
• Aiding in annual reviews of Outsourcing PPM, Local Administration of Agreements PPM and local Vendor Management PPM in line with any changes to HO PPM’s and regulatory requirements e.g., APRA CPS 230 and CPG 230 effective 1 July 2025.
• Guiding stakeholders on the branch’s approved TPRM methodology which is required to address regulatory requirements. 
• Supporting the preparation of third-party risk management KRI’s and other monitoring activities.
• Assist VP, TPRM and Head of Planning to establish and maintain effective communication and co-operation with Head Office and regional compliance policies and initiatives.

To succeed in this role, you will have:
Essential:

• Minimum 2 years’ experience in a relevant risk management role.
• Basic understanding of banking environment and Australian regulatory framework.
• Sound business communication skills, both written and verbal.
• Sophisticated finance and accounting knowledge both local and international.
• Competent time management skills, good organisational skills and ability to meet deadlines.
• High-level accuracy and attention to detail.
• Undergraduate degree in business, finance or relevant field.

Desirable:

• Exposure to outsourcing / vendor management / service provider arrangements and including negotiation of agreements, with ability to understand terms and conditions.
• Experience with matrix organisation structure.
• Experience in handling and balancing local, regional and Head Office requirements relating to TPRM.