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 $150,000.00 and $185,000.00. 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.

Job Summary

The Nikko Securities America, Inc. middle/back office Business Control Officer is a business-aligned change agent and risk management individual contributor. The BCO provides the Business Unit, specifically Middle and Back Office functions that support Nikko Securities America, Inc. with guidance on processes and control design, ensures effective assessment of risk across the transaction lifecycle, and supports Business Unit interaction with 2nd LoD functions including Risk Management and Compliance.

Scope

The Nikko Securities America, Inc. Midback  Business Control Officer is primarily an individual contributor. The Nikko Securities America, Inc. Midback BCO is responsible for Middle and Back office scope of  Nikko Securities America, Inc. processes & controls. The Nikko Securities America, Inc. Midback BCO reports directly to the Nikko Sales & Trading BCO. 

Primary Responsibilities

The job responsibilities are described herein:

Leads and provides expert guidance on assessment of processes and controls across the end-to-end transaction lifecycle, proactively assessing threats, vulnerabilities, and possibility of future incidents Performs process re-engineering to improve efficiency and strengthen controls within the Nikko Securities America, Inc. businesses. Coordinates Nikko Securities America, Inc.'s  interactions with 2nd Line of Defense functions, Internal Audit, and Regulators pertaining to processes and controls. Coordinates management of risk appetite, limits and guideline setting & issue management for the Nikko Securities America, Inc. businesses. Performs risk management framework and related risk assessments of Nikko Securities America, Inc., supporting the Sales & Trading Vertical BCO Support Middle and Back office functions via performance of issue management & root cause analysis Liaises between Nikko Securities America, Inc. control functions to execute on 2nd Line of Defense risk assessments (e.g., RCSAs), as required Ensures the business unit is operating in compliance with applicable laws, rules, and regulations, provides oversight of processes designed to comply with the aforementioned requirements Provides education for Nikko Securities America, Inc. staff to ensure awareness of and adherence to policies, standards, and procedures, disseminating best-practice guidance Oversee Middle and Back office activities and assist specialized domain SMEs (e.g., IT Risk, Data Governance) in the implementation of their programs within the Nikko Securities America, Inc. businesses. Assess business-unit level key metrics to ensure operational effectiveness, establish and manage Nikko Securities America, Inc. level metrics, supporting the Sales & Trading Vertical BCO's vertical level assessment  Supports the head of the Nikko Securities America, Inc. strategy and product development (incl. new product development) through identification of risk & control considerations, as well as definition & operationalization of risk mitigants Ensure that risk management considerations are embedded in Nikko Securities America, Inc. processes and strategy                                Critical Job Knowledge and Core Competencies/Skills Functional knowledge of process and control design, including process mapping and process reengineering                                 Functional knowledge of risk assessment and issue management                                 Functional knowledge of change management and continuous process improvement practices                                 Functional knowledge of Middle and Back office processes specific to Fixed Income, Equities, Futures and Credit Derivatives                                 Functional knowledge of Broker/Dealer and Market Making related compliance and risk management requirements & best practices                                 Strong communication ability, inclusive of conflict resolution and project management abilities                                 Requirements Work Experience: 7 to 10 years of specialized experience in Financial Services; 5 to 7 years of experience in a similar role in a Operations/Middle Office function or a closely related area at a major global financial institution. Required Education: BA / BS in a relevant discipline (e.g., finance, accounting, mathematics, physics, engineering) Preferred Education: MA / MS / MBA in a relevant discipline (e.g., finance, accounting, mathematics, physics, engineering) Licenses / Certifications / Registrations: Series 7, 24 or 99 preferred Business fluency in the following language(s): English Software Systems / Programming Languages: Knowledge of Bloomberg TOMS, Broadridge Impact, Ullink preferred.   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.