Regulatory Reporting Associate

Job Level: Associate

Job Function: Governance & Assurance

Location:

Jersey City, NJ, US, 07311

Employment Type: Full Time

Requisition ID: 8613

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., 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 $80,000.00 and $125,000.00. 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.

Overview

SMBC is seeking a self-motivated, experienced and detail-oriented professional to join the Controllers – Regulatory Reporting Analysis Group as an Associate supporting international, cross-border and systemic risk regulatory reporting.

The Associate will be responsible for the end-to-end preparation and timely submission of regulatory reports including the FFIEC 019, FFIEC 009, Treasury International Capital (TIC) reports, FR 2420, FR 2004 and FR Y-15. The role will help ensure reporting accuracy, completeness and compliance through analytical review, reconciliations and effective controls, while partnering with Finance, Operations, Risk, Data and Technology stakeholders to resolve reporting matters and support continuous process improvement.

Responsibilities

Own the end-to-end preparation and timely submission of assigned regulatory reports, including FFIEC 019, FFIEC 009, TIC, FR 2420, FR 2004 and FR Y-15, in accordance with applicable regulatory instructions and internal standards.
Manage key activities across the reporting cycle, including data sourcing, report preparation, validation, edit checks, management review support, submission readiness and post-filing documentation.
Perform analytical reviews of reported balances, period-over-period movements and exposure trends; investigate unusual activity and prepare clear, supportable explanations.
Perform reconciliations to the general ledger, supporting schedules, source systems and related regulatory reports, ensuring reconciling items are investigated and appropriately resolved, documented or escalated.
Execute and evidence key reporting controls and maintain complete and auditable workpapers supporting reported amounts.
Interpret regulatory reporting instructions and support implementation of new or revised requirements through updates to reporting logic, procedures, controls and business requirements.Identify and help resolve data quality, system and reporting issues through root-cause analysis, impact assessment, remediation and validation.
Partner with Finance, Operations, Risk, Data, Technology and business stakeholders to obtain required information and resolve reporting exceptions within established deadlines.Maintain and enhance procedures, process flows, data lineage, control documentation and other governance materials supporting assigned reports.
Support responses to regulatory examinations, internal and external audits, and other review requests, ensuring supporting documentation is complete and accurate.Contribute to process improvement and automation initiatives, including Axiom enhancements, business requirements, user acceptance testing and implementation validation.
Monitor reporting deadlines, dependencies and emerging risks, and escalate material issues or delivery risks to management in a timely manner.
Support knowledge sharing, cross-training and consistent execution of reporting procedures and controls across the team.

Qualifications

Bachelor’s degree in Accounting, Finance, Economics or a related field.3–5 years of relevant experience in regulatory reporting, financial reporting, accounting, risk reporting or a related control function preferred.
Strong understanding of U.S. GAAP, financial statements and regulatory reporting concepts; experience with FFIEC 019, FFIEC 009, TIC reporting, FR 2420, FR 2004 or FR Y-15 is preferred.
Ability to independently manage recurring reporting deliverables, perform analytical reviews and investigate data and reporting exceptions.
Strong analytical and problem-solving skills with excellent attention to detail and the ability to clearly explain variances, exposures and reporting conclusions.
Advanced Microsoft Excel skills, including formulas, pivot tables, lookups and data reconciliation techniques; experience with SQL, Alteryx, Business Objects or similar data tools is preferred.
Experience with regulatory reporting platforms such as AxiomSL is preferred.
Working knowledge of banking and financial products, including loans, deposits, securities, derivatives and secured financing transactions, as well as cross-border and country exposure concepts.
Strong organizational, written and verbal communication skills, with the ability to manage multiple deadlines and maintain complete and accurate documentation.
Ability to work independently, exercise sound judgment and collaborate effectively in a deadline-driven, controlled reporting environment.

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.