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 $72,000.00 and $85,000.00. 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 SMBC Compliance Department monitors the corporate banking, investment banking and broker dealer activities of SMBC Group and reports on the compliance risks and issues to SMBC and the Global Compliance Senior Management.  Additionally, the SMBC Compliance Department works closely with the Global Compliance Department in Tokyo to ensure effective implementation of Global Compliance policies and to coordinate all cross-border business transactions and activities. 

 

The SMBC compliance Department is responsible for monitoring the handling of sensitive confidential business information by SMBC personnel through the Compliance Control Room.  It administers the SMBC Employee Investment Policy, arranges for the registration of broker-dealer personnel, and conducts compliance training.  In addition, the Advisory Team provides the various business lines with guidance and advice on relevant rules and regulations. 

 

The Regulatory Affairs department manages the regulator relationship, communication and interaction with US regulatory agencies.  The US Financial Crime department is responsible for ensuring the compliance with anti-money laundering (AML), Bank Secrecy Act, USA PATRIOT Act, OFAC and sanctions regulations for the US operations.  Additionally, AML oversees key processes and risks of the KYC Department. The CPAD Market Surveillance team performs centralized trade surveillance for the America’s SMBC Group activities, covering a wide range of risks and products.

Role Objectives Report to the EQ surveillance manager within the CPAD Market Surveillance team; Review and follow up on a variety of trade surveillance alerts and exception reports covering range of risks and products (equities, fixed income, FX/treasury services, futures, swaps and other derivatives); Perform market abuse and insider trading investigations utilizing market data, trade data, e-comm and voice records; Interact with front office personnel to complete his/her reviews, as needed; Engage relevant stakeholders to ensure a holistic response to possible detected risk; Ensure issues arising from surveillance activities are duly escalated, remediated and memorialized according to procedures; Support surveillance KPI collection and distribution, as required; Create and/or maintain procedures as directed; Stay abreast of current regulatory issues and rule changes; Work with a variety of groups, including, but not limited to: Compliance Advisors, Front Office, Operations, IT, and Legal; Work on ad hoc projects as necessary; Support the refinement of surveillances and the creation/automation of tactical controls as required; Contribute strategic surveillance initiatives; and Proactively escalate issues to the Head of Market Surveillance as appropriate. Qualifications and Skills Strong oral and written communication skills, with an ability to articulate complex themes; Sense of ownership and the ability to work autonomously and proactively; Strong attention to detail, with analytical and investigative skills; and High ethical standards, respect for confidentiality and privacy; Technical Skills & Knowledge 5+ years’ experience in financial services; specific emphasis in securities business is preferred; Knowledge of various regulatory agencies’ rules and regulations, as well as market abuse typologies; Familiarity with various trade surveillance tools and platforms, special consideration for Bloomberg BTCA, TT and Actimize; Experience as a trader, trade surveillance professional, regulator or in a 1LOD/2LOD role is a plus; Proficiency with market data and due diligence vendors, such as Bloomberg, Reuters, Edgar, Worldcheck, etc; Advanced experience with Microsoft Word, Excel and PowerPoint; Securities licenses is a plus Educational Qualifications Bachelor’s Degree

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.