Broker Dealer Regulatory Governance Advisory Compliance Officer
Location: New York
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 $ and $. 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 Advisory Function resides within the Compliance Department Americas Division (“CPAD”) and provides compliance advice, guidance, and credible challenge to SMBC’s businesses and support functions in the Americas Division. The group assists in supporting SMBC stakeholders across the First and Second Lines of Defense regarding a broad range of compliance and regulatory issues and works hand‑in‑hand with business/function partners to advise on compliance matters, frequently in real time as business is conducted and transactions are executed.
Role
Objectives
The Broker Dealer Regulatory Governance Advisory Team within the CPAD Advisory Function provides centralized compliance support across the Advisory Function with respect to broker‑dealer‑applicable regulatory engagements, support function coordination, governance and reporting.
Regulatory Engagements
The Regulatory Governance Team supports SMBC’s Broker‑dealer entity in managing regulatory exams and responding to regulatory inquiries as they arise. Inquiries can take a variety of forms, including but not limited to informal information requests from regulators received verbally or via email and formal requests received via regulatory portals or through the Firm’s legal department. Providing timely, complete, accurate, and helpful responses to any inquiry is imperative.
Support
Function Coordination
The Regulatory Governance team serves as a central point of contact for facilitating efficient coordination between CPAD Advisory and other internal support functions, including CPAD Central Functions, Strategic Planning Group (SPG), Office of the CEO (CEOAD), Tokyo Home Office, Finance & Operations, Risk, HR, Internal Audit, and Technology. The Regulatory Governance team collaborates with internal support functions to provide and receive status updates, find efficiencies, respond to ad‑hoc requests and support the implementation of compliance program enhancements with respect to each of the following Compliance Program areas:
• Policies and Procedures Management
• Compliance Training
• Issues Management
• Monitoring & Testing
• Compliance Risk Assessment
• Communications and Transaction Surveillance
• Employee Compliance (i.e., Registrations, Outside Business Activities and Personal Account Dealing)
• Financial Crimes Compliance
• Regulatory Change Management
• Compliance Alerts and other Communications
Governance and Reporting
Th…
Apply Now
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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 $ and $. 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 Advisory Function resides within the Compliance Department Americas Division (“CPAD”) and provides compliance advice, guidance, and credible challenge to SMBC’s businesses and support functions in the Americas Division. The group assists in supporting SMBC stakeholders across the First and Second Lines of Defense regarding a broad range of compliance and regulatory issues and works hand‑in‑hand with business/function partners to advise on compliance matters, frequently in real time as business is conducted and transactions are executed.
Role
Objectives
The Broker Dealer Regulatory Governance Advisory Team within the CPAD Advisory Function provides centralized compliance support across the Advisory Function with respect to broker‑dealer‑applicable regulatory engagements, support function coordination, governance and reporting.
Regulatory Engagements
The Regulatory Governance Team supports SMBC’s Broker‑dealer entity in managing regulatory exams and responding to regulatory inquiries as they arise. Inquiries can take a variety of forms, including but not limited to informal information requests from regulators received verbally or via email and formal requests received via regulatory portals or through the Firm’s legal department. Providing timely, complete, accurate, and helpful responses to any inquiry is imperative.
Support
Function Coordination
The Regulatory Governance team serves as a central point of contact for facilitating efficient coordination between CPAD Advisory and other internal support functions, including CPAD Central Functions, Strategic Planning Group (SPG), Office of the CEO (CEOAD), Tokyo Home Office, Finance & Operations, Risk, HR, Internal Audit, and Technology. The Regulatory Governance team collaborates with internal support functions to provide and receive status updates, find efficiencies, respond to ad‑hoc requests and support the implementation of compliance program enhancements with respect to each of the following Compliance Program areas:
• Policies and Procedures Management
• Compliance Training
• Issues Management
• Monitoring & Testing
• Compliance Risk Assessment
• Communications and Transaction Surveillance
• Employee Compliance (i.e., Registrations, Outside Business Activities and Personal Account Dealing)
• Financial Crimes Compliance
• Regulatory Change Management
• Compliance Alerts and other Communications
Governance and Reporting
Th…
Apply Now
Apply Now