Regulatory Officer (Advisory), Vice President

Job Level: Vice President

Job Function: Governance & Assurance

Location:

New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 6789

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 $139,000.00 and $200,000.00. 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 Regulatory Relations and Public Policy Group ("RRPP") is dedicated to managing supervisory engagements and advising on governmental and regulatory strategy in support of SMBC's enterprise goals and business strategies. The Regulatory Relations team is the primary contact for regulatory interactions and exam management for U.S. regulators.

Role Description
The VP, Regulatory Officer works with the Regulatory Relations Advisory team to implement and execute SMBC’s regulatory engagement framework and strategy relating to its supervisory and prudential regulators.

Role Objectives

Serve as an advisor to SMBC business and functional departments for financial and risk management topics in connection with regulatory engagements including regulatory examinations, routine continuous monitoring meetings, supervisory issue remediation, and other requests and interactions.
Assist with exam preparedness and responses by facilitating pre-exam activities, coordinating gap assessments, and leveraging open issues. Engage in effective review and challenge.
Synthesize regulator expectations and stakeholder information to provide feedback and identify emerging regulatory trends and themes from regulatory examinations, responses and engagements.
Ensure regular, accurate and timely data and documentation to support updates and reporting to senior management and key stakeholders.
Contribute to and support Regulatory Relations Advisory priorities and strategies including a proactive, strategic and holistic approach to regulatory engagement.

Qualifications and Skills

Bachelor’s degree or equivalent required. Graduate, law or business degree preferred.
At least 5 years of financial services experience at a regulator, bank or law firm. Prior experience with financial services regulator or FBO strongly preferred.
Working knowledge of financial services supervision. Risk management, liquidity risk, credit risk, and or model risk experience is a plus.
Strong analytical skills and solid judgment; an ability to identify and analyze the evolving regulatory landscape as well as regulatory issues, themes and trends.
Strong project and relationship management, collaboration and influencing skills.
Understanding of financial markets and regulatory requirements for banking business.
High attention to detail with ability to manage multiple priorities, complete work accurately and in a timely manner against strict deadlines.
Ability to work independently with limited supervision and to collaborate with team members and other stakeholders.
Excellent communication skills.

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.