Product Control - Vice President

Job Level: Vice President

Job Function: Business Partnering

Location:

Jersey City, NJ, US, 07311

Employment Type: Full Time

Requisition ID: 5647

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 $130,000.00 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

We are looking for an experienced finance professional to manage the Product Control for non-trading products responsible for daily P&L validation, financial reporting, management reporting and other ad hoc analytical functions. We will trust this candidate to maintain a solid internal control framework around the entire trade lifecycle that assures the reliability, accuracy, and completeness of information for financial, regulatory, and management reporting. The successful candidate will be involved in internal controls, process efficiency, and finance transformation projects. The candidate will also document department-level policies and procedures and manage the EUC (End User Computing) control process for critical spreadsheets.

Responsibilities

Manage the daily p&l validation, explanation, financial and management reporting for non-trading business; Deposits and Loans.
Lead creation/automation of templates and enhancing the controls around p&l reporting.
Assist with transformation efforts to modernize the company's financial infrastructure.
Monitor non-trading activity for ad-hoc valuations and work with partners to ensure accuracy of financial statements.
Create and Document new policies and procedures.
Assist with creating/enhancing reporting for front office.

Qualifications and Skills

7 – 10 years of combined experience in financial services, audit or lending and deposits product control.
Deposits and Lending experience preferred.
Bachelor's degree in Accounting or Finance or equivalent
CPA, MBA or FRM
Working knowledge of product control processes, trade lifecycle, revenue reporting and internal controls framework.
Knowledge of revenue and expense recognition as per US GAAP. JGAAP experience preferred.
Leadership skills with proven ability to mentor and train junior staff.
Proficiency in Excel, including working knowledge of advanced functions.
Excellent documentation skills.
Ability to work with big data and understand system architecture.
Ability to self-learn and navigate through the company to get work done with minimal supervision.

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.