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 $122,000.00 and $170,000.00. 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

Responsible for effective Regulatory reporting training operations for the US Branch, including training on the production of high quality financial regulatory reports, training on the regulatory reporting platforms, and internal control frameworks designed to mitigate risk, enhance the accuracy of regulatory reporting by supporting the training needs on technical matters pertaining to the reports and ensure the compliance to applicable US regulatory reporting requirements.   

 

Reporting to the Director, Regulatory Reporting Controller, of PDAD FAD Controllers, the VP is responsible for ensuring a sound training function under a strong internal control framework, ensuring proper training to various individuals in the team and across the bank. Acting as a subject matter expert and providing leadership to the team by setting the direction, defining accountabilities and assignments, articulating goals and objectives, and performing various training courses related to BHC reporting. This position also has close interactions with other finance, risk, data governance and IT leaderships in the bank. 

 

Managing and directing all regulatory reporting training processes, internal control activities linked to training like MI and statistics, management reports, external regulatory examination, internal audit, resource planning and emergent changes and guidance related to Bank Holding Company required reports of the Federal Reserve Bank, SEC, FINRA and other regulatory agencies. 

Responsibilities Oversees the training for the regulatory reports including the FFIEC 002, FRY-9C, FFIEC 009, FR Y-15, Focus, SSOI, OBS, SIS, FRB’s TIC reports and all other US Department of Commerce reports.  Support the team’s technical development over Regulatory Reporting including US GAAP by holding training sessions. Support/participate in regulatory reporting examinations, internal and external audits.  Keeping abreast of all the regulatory changes related to regulations that is impacting BHC regulatory reports and ensure that is reflected in the training updates.  Managing the development of training course objectives for the Regulatory reporting team  Ensuring that the training team assists the Regulatory Reporting leadership to achieve training goals and requirements as committed to the regulators.  Assessment of the training needs for the Regulatory Reporting team and ownership of the annual Training Needs analysis (TNA) process and development of the annual training plan.  Evaluating training effectiveness by projecting the impacts of the training courses on the reduction in items such as errors, manual adjustments, control failures and other parts of the control’s framework.   Overseeing maintenance of training records and resource library and assist in evaluating training and development programs.  Schedules, coordinates, and oversees master schedule of training programs, courses, and the use of equipment and facilities.  Managing the preparation of appropriate forms, correspondence, memoranda, and records regarding course attendance, feedback on programs, instructors, etc. Oversees preparation of reports and statistical summaries.  Identifying, tracking, and managing Third-Party training offerings.   Managing MI to report audience participation details and earned professional credits and generate training statistics for Key Risk Indicator (KRI) scorecards.       Assisting colleagues with ad-hoc Governance team requests.  Qualifications and Skills Strong knowledge of CUSO, BHC/IHC, Branch, Broker Dealer regulatory reporting requirements and report preparation   Experience with rolling out regulatory reporting trainings across finance departments. Minimum of 7 - 10 years knowledge and experience in the preparation of regulatory reports of financial institutions  Strong knowledge on financial products such derivatives, repo, securities, loans and leases  Excellent verbal and written communication skills  Knowledge of internal control frameworks   Excellent interpersonal skills   Good analytical skills  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. 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.