Compliance Infrastructure Advisory
New York, NY, US, 10172
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 Rail Services LLC, Manufacturers Bank, 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 $173,000.00 and $275,000.00. 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
This role leads the Compliance Infrastructure Advisory team, partnering with compliance and management teams to uphold and communicate the company’s culture of compliance. The position is responsible for regulatory compliance across support functions, including coordinating updates to policies, procedures, and regulatory guidance. The ideal candidate will provide expert opinions on the adequacy and effectiveness of compliance processes while maintaining familiarity with U.S. banking and securities laws and regulations.
Role Objectives
As Head of Compliance Infrastructure Advisory, you will:
- Coordinate bank, broker-dealer, and swap dealer regulatory Compliance programs across SMBC’s Americas Division for all support functions.
- Provide advisory coverage and guidance across support teams such as Finance, Operations, and IT.
- Manage a team of three direct reports.
- Support areas such as trade reporting, recordkeeping, and swap dealer compliance.
- Ensure compliance with certain SMBC obligations, including timely and accurate completion of confirmations.
- Participate in updates and reviews of compliance policies for bank, broker-dealer, and swap dealer regulations.
- Design and deliver compliance training programs by creating relevant materials and conducting workshops as needed.
- Collaborate with SMEs and teams across functions, including Compliance Surveillance and Swap Dealer Advisory, to review control reports and enhance processes.
- Conduct and support risk assessment exercises on both annual and ad-hoc bases.
- Serve on committees as a subject matter expert for regulatory compliance in banking and broker-dealer matters.
Qualifications and Skills
The ideal candidate will bring:
- At least 15 years of financial services experience, with a strong focus on regulatory compliance.
- Deep understanding of U.S. banking and securities laws to provide benchmarking insights and identify compliance control gaps.
- Exceptional organizational, analytical, and communication skills.
- Proven ability to handle highly confidential matters with sound judgment, integrity, and professionalism.
- Expertise in complex financial products, systemic risk management, and operational compliance.
- Experience working for non-U.S. banks/broker-dealers and familiarity with global regulatory frameworks (preferred).
- Knowledge of regulatory agencies such as the Federal Reserve, SEC/FINRA, and CFTC/NFA (preferred but not required).
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.
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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.
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.
Nearest Major Market: New York City