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 MANUBANK, 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 $80,000.00 and $120,000.00. 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

The Finance Control Oversight (FCO) Issues Management Associate is an important role within the SMBC Finance Americas Division. This experienced staff assist key business stakeholders to document, assess and remediate financial reporting, regulatory reporting, and other finance related issues (i.e. data, controls, technology, process). 

 

A key aspect of this role will be to help manage self-identified issues (MSIIs) to identify, report and remediate deficiencies across the 1st line and respective Business Process Owners. This role will also be responsible for reviewing, challenging, and validating action plans through review of evidence submitted for issue closure. The incumbent will work with the key business, operations, and technology stakeholders to ensure adherence to the FCO Issue Management Procedures and registration of identified issues in the SMBC proprietary application in a timely manner.

Responsibilities Champion a strong culture for the identification, reporting and remediation of issues as part of the firm’s culture. Monitor and provide status reporting on issues related to internal control deficiencies identified by both the Financial Reporting (ICFR”), Regulatory Reporting Quality Assurance (“RRQA") and FCO IT teams. Ensure adherence to the Issue Management Policy and Procedures. Evolve and update FCO Issue Management Procedures as needed. Assist in the production of monthly summary and detailed reporting on issues to senior management. Drive horizontal issue review and identification to identify broader issue themes that resulted from an isolated or individual finding. Drive consistency on how issues are identified, captured, risk rated and addressed, including review of inherent and residual risk factors. Provide 1st LOD effective review and challenge on issue remediation efforts and closure packages spanning across MSIIs, internal/external audit issues, and Regulatory Findings. Support process improvements to increase/improve efficiency on the overall end-to-end issue management framework. Support design, production and automation of Issues Management dashboard and KPIs/KRIs. Qualifications and Skills Must have prior experience with Financial Reporting/Regulatory Reporting Issue Management and an understanding of Issue Management best practices. Strong relationship management and influencing skills to build enduring and productive alliances across matrix organizations. Strong team player with excellent listening, interpersonal, facilitation, written, oral and communication skills; ability to effectively communicate concepts in both technical and user-friendly language to management, peers, staff, and other employees so that issues and solutions are understood. Demonstrated ability to work independently and successfully manage multiple priorities and stakeholders under pressure.   Strong analytical and problem-solving skills and the ability to multi-task. Work Experience: 3 to 7 years of specialized experience in Financial Services Proven skills in MS Office suite, MS Excel, MS Project and PowerPoint. Proficiency in leveraging technologies and tools to streamline and automate data collection and reporting workflows. 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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

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.