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Accounting / Finance
Sumitomo Mitsui Banking Corporation (SMBC) Looking for Fixed Income Compliance Advisory at New York, NY Full Time
Job Description
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.
The anticipated salary range for this role is between $161,000.00and $231,000.00. 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.
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.
Role Description
Manage a variety of compliance delivery areas across business advisory, surveillance, investigations, training and control design. Advise business leadership on compliance matters, including new products and strategy, employee misconduct and regulatory interpretation. Engage with regulators to understand business requirements and incorporate findings into internal compliance strategy.
Role Objectives: Delivery
Manage a variety of compliance delivery areas across business advisory, surveillance, investigations, training and control design. Advise business leadership on a range of compliance matters, including new products / strategy, employee misconduct and regulatory interpretation. Act as first-level approver on compliance matters escalated by business stakeholders. Continuously evaluate adequacy and effectiveness of internal controls relating to regulatory risk, particularly during periods of transformation or in the undertaking of new business ventures. Engage with regulators to understand business requirements and incorporate findings into internal compliance strategy.
Role Objectives: Interpersonal
Foster strong relationships with business stakeholders through timely and value-added handling of regulatory issues and requests. Establish internal network across adjacent control functions including legal, HR, risk management and audit. Leverage relationships to provide holistic compliance coverage to business stakeholders. Participate in industry roundtables and other forums to stay current on latest developments in the regulatory landscape and deepen network of external counterparts and regulators. Align with counterparts in other regions or business verticals to identify emerging themes and to share best practice.
Role Objectives: Expertise
Demonstrate an awareness of the regulatory landscape by providing timely and value-added guidance to business stakeholders. Apply subject matter expertise to ongoing impact analysis of new business initiatives and opportunities; provide expert guidance to business stakeholders on balancing regulatory risks against commercial opportunities. Monitor briefings and other communications from key regulators on a continuous basis to understand emerging themes on new regulations, and clarifications on existing regulations. Leverage network of internal colleagues, counterparts at competitors and regulatory contacts to stay current on the latest interpretations and precedents of regulations.
Qualifications and Skills
Recommended years of experience: 10
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
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.
SMBC is an EO employer – M/F/Veteran/Disability. 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 [email protected].
