IT Functional Control Officer
Charlotte, NC, US, 28202
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 $190,000.00 and $240,000.00. 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 Director, IT Functional Control Officer (FCO) for Capital Markets/Nikko is a change agent and risk management expert within the first line of defense. The role provides the Information Technology functional areas with expert guidance on processes and control design, ensures effective assessment of technology risk across the broader operating environment, and supports interaction between Front Office Control Officers and AD-wide IT Control Officers. Assessments and monitoring of the control environment will be across information technology functions within the Capital Markets/Nikko divisions, including System Development, Change Management, Application Support, IT Project Management, and Infrastructure. The IT FCO serves as a trusted advisor to the CM Nikko Chief Information Officer and their teams, driving a culture of accountability and control excellence.
Role Objectives
• Support risk & control assessments within 1LoD, working closely with Risk Management, Compliance, Internal Audit, and peer Control Officers supporting CM/Nikko Front Office and AD IT.
• Establish, monitor, and report on key risk indicators (KRIs) and control effectiveness metrics.
• Support Group Company IT Function-owned issue management and incident analysis.
• Collaborate with Front Office Control Officers and AD-wide IT Control Officers to ensure consistent risk management.
• Drive initiatives for control automation, rationalization, and standardization.
• Support local IT control identification to comply with regulations (e.g., Swap Dealer recordkeeping, SEC and FINRA WORM compliance, FRB/OCC/FDIC Disaster Recovery testing).
• Prepare and present risk and control dashboards to senior management and governance committees.
• Promote a strong risk and control culture through training and awareness programs.
Qualifications and Skills
• Bachelor’s degree required; advanced degree (MBA, JD, or MS) preferred.
• 10+ years of professional experience in IT risk management, IT compliance, IT audit, or other IT control-related functions within the financial services industry, preferably at a large banking institution or consultancy.
• Extensive prior experience managing business-level risks impacting IT organizations, such as critical business service disruption caused by technology service failure, IT asset management and end of life risk, system development and acquisition risk.
• In-depth understanding of Technology organizations and industry best practices in IT risk management as it relates to a specific business line.
• Proven experience in the identification, assessment and management of key information technology risks and controls, including experience in the design and execution of control assessments and continuous process improvement practices.
• Strong understanding of regulatory frameworks (e.g., FRB, SEC, FINRA, NFA, CFTC, OCC).
• Strong analytical, leadership, communication, and stakeholder engagement skills to drive change and consensus across functions in a complex regulatory and technology environment.
• Demonstrated ability to manage multiple tasks and initiatives effectively, leveraging prior project management experience, strong analytical skills, and proficiency in Microsoft Office applications (Excel, PowerPoint, Word).
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.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Nearest Major Market: Charlotte