Conflicts of Interest Officer
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 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 $80,000.00 and $131,000.00. 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 Conflict of Interest (COI) management for the Compliance Department plays a pivotal role in ensuring robust COI management.
The successful candidate will be a strategic thinker with a background in Conflicts / Compliance within the financial services industry, demonstrating an ability to navigate complex regulatory environments. This role requires a proactive approach to managing COI and enhancing our compliance framework to meet the evolving demands of our operations.
Role Objectives
- Manage Conflicts of Interest: Help with the implementation of the SMBC Americas framework for managing conflicts of interest, ensuring compliance with regulatory expectations. Maintain policies and procedures and controls to ensure COI framework meets regulatory expectations.
- Review potential employee conflicts including Outside Business Activities, Personal Trading and Email Communications. Conduct regular meetings with business unit management to pro-actively identify emerging business issues and discuss related or new regulatory requirements.
- Interface with regulators and Internal Audit during compliance related examinations and audits related to the CR. Research and draft responses to regulatory inquiries. Provide advice on regulatory and compliance requirements to business unit management and staff so that they may conduct their business in conformance with regulatory requirements. Ensure that regulatory guidance establishes a reasonably designed supervisory system. Control Room Oversight:
- Drive Engagement with Stakeholders: Build and maintain relationships with senior management, business units, and external parties. Offer expert compliance advice, advocate for cooperative risk management, and contribute to the strategic alignment of business goals with regulatory practices.
Qualifications and Skills
- Ability to analyze complex situations and provide guidance in time sensitive situations.
- Excellent oral and written communication skills including the ability to articulate securities laws and regulatory requirements to business professionals.
- Self-starter able to work independently with minimal supervision as well as within a team environment.
- Ability to work as a member of a team in a fast-paced environment.
- Detail-oriented with ability to multitask, organize and prioritize.
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: New York City