Strategy & Transformation Associate
Full Time
New York, NY 11205
$81,000 - $116,000 a year
Posted
Job description
Overview:
The Strategy Associate will engage with stakeholders across multiple business divisions to ensure alignment and participation and agree on target end state and ownership, as well as monitor delivery throughout the life of the transformation effort and assess outcomes to ensure completeness and sustainability. The Strategy Associate will primarily interface with front office and front office adjacent functions. The Strategy Associate will be a key contributor to provision of strategic insight and will apply critical thinking to organizational change.
The anticipated salary range for this role is between $81,000 and $116,000. 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. Responsibilities:
On a day-to-day basis, the Strategy & Transformation Associate may engage in tasks such as:
As part of SMBC Americas' strategy to build a commercially competitive, U.S. regulatory-based Commercial and Investment Bank, SMBC Americas Division has launched an organizational transformation initiative to be executed through a 5-pillar program aligning all end-to-end efforts across the organization (the "Transformation Project"). A key requirement of the Transformation Project is the review of all current operating models across front-to-back functions of the legal entities comprising the SMBC Group Americas Division.
The Strategy Associate will engage with stakeholders across multiple business divisions to ensure alignment and participation and agree on target end state and ownership, as well as monitor delivery throughout the life of the transformation effort and assess outcomes to ensure completeness and sustainability. The Strategy Associate will primarily interface with front office and front office adjacent functions. The Strategy Associate will be a key contributor to provision of strategic insight and will apply critical thinking to organizational change.
The anticipated salary range for this role is between $81,000 and $116,000. 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.
The Strategy & Transformation Associate’s scope is management, support, and tracking of end-to-end delivery against programs of varying scale. Programs may include organizational design, new products, process optimization, and strategy development. Subject matter will primary be related to front office and front office-adjacent functions.
On a day-to-day basis, the Strategy & Transformation Associate may engage in tasks such as:
- Preparation of operating model, process, and organizational design proposals/materials
- Collection and analysis of internal & external information, including recommendation of operational enhancements based on industry practice & regulatory guidance
- Strategic analysis and benchmarking
- Coordination and support of discussions among stakeholders at varying levels of seniority
- 3-4 years of work experience in consulting, in a financial institution, in financial institution supervision, or in related role(s) in other industries
- Experience in leading projects
- Interest in banking & financial services industry and strategy
- Ability to partner and leverage inter-departmental resources to achieve goals.
- Ability to be a self-starter by working independently to identify and/or complete tasks, and successfully engage in multiple initiatives simultaneously while interacting professionally with a diverse group of executives, managers, and subject matter experts.
- Excellent verbal and written communication skills, including strong Excel and PowerPoint skill
- Demonstrate initiative, results oriented, and able to work as part of a team
- Ability to conduct research and analysis, with direction & support
- Ability to create and support delivery of presentation materials to varying levels of audiences
- Ability to prioritize work by setting and meeting realistic deadlines, forecasting and communicating changes resulting from risks and issues
Preferred Qualifications:
- 4 years of experience in management consulting or in a similar role in a financial institution
- Deep understanding of at least one of the following areas: Corporate Banking, Investment Banking, Capital Markets, Sales & Trading, Treasury, Risk Management (any sub-discipline)
- Ability to understand complex and highly technical concepts, and ability to easily explain/translate them to peers.
- Experience in matrixed project management structures
- Strong relationship management, collaboration and influencing skills.
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