Look at the man pages for "renice" but if the application itself is written to be memory consuming, there's not much you can do, besides adding more memory and increasing the swap.
If it is starting at boot time, then look under /etc/init.d/ for that script and run /etc/init.d/snmpe-scritp.sh restart or stop it first and then start it again.
If you are running RedHat or SuSE and you have this process registered as a service, then you can run: service <service-name> restart.
But this is what I do on my servers:
If a process is taking too much memory or keeps acquiring memory as time goes by, I usually ask the developer or the package maintainer why it is doing this and ask them to debug it and correct the issue.