SPG, Broker-Dealer Private Side Compliance Advisory

Role Description

The Compliance group within SMBC Nikko Securities Inc. serves as a regulatory advisory function to the President, is responsible for overseeing the management of the broker dealer's compliance risk and is represented by the Chief Compliance Officer as either a member or observer of various committees such as the New Product, Underwriting, Risk Management, Compliance, IT Risk and Training committees.

 
The Compliance Advisory Executive Director – SPG role manages a particular coverage area for Advisory Compliance, namely the Securitized Products Group (“SPG”). A successful candidate for the role must be a subject matter expert in securitized products and related topics, particularly from the Collateralized Loan Obligation (“CLO”) and Asset-Backed Securities (“ABS”) structuring, origination, underwriting and syndication perspective, and must understand and be prepared to participate in advising on related topics such as CLO warehousing, asset-backed lending, lender finance, middle market fund financing and securitization vehicles across the spectrum including students loans, commercial and residential mortgages and autos, and related products. Deep knowledge of the regulatory, legal and policy rules and standards for these areas is a prerequisite. Successful candidates must be adept in and lead the development and oversight of policies and procedures, written supervisory procedures and management reporting related to these business areas, as well as participate in and lead various compliance projects and related projects with compliance application to SPG and to the broader private side of the firm. The primary focus of the role is on day-to-day advisory work with SPG on rules, regulations, policies and procedures and reputational matters impacting the group and its members. The ability to develop a collaborative and supportive relationship as a trusted advisor to SPG while conveying the firm’s compliance culture and performing a “second line of defense” function to manage risk for the firm is essential. This position reports directly to the Head of Private Side Compliance Advisory for SMBC Nikko Securities America, Inc. 

Role Objectives

• Provides regulatory and compliance advice, identifying training needs, preparing and providing training to the relevant business units.
• Provides advice on regulatory and compliance requirements to business unit staff so that they may conduct their business in conformance with regulatory requirements.
• Advises and provides regulatory guidance on establishing a reasonably designed supervisory system including to create and update written supervisory procedures.
• Participates in and may conduct monthly meetings with business unit management to proactively identify emerging business issues and discuss related or new regulatory requirements.
• Supports interactions with regulators and Interfaces with Internal Audit during compliance related examinations / audits related to coverage area.
• Assists central Compliance team in researching and drafting responses to regulatory inquiries.
• Advises business units on the maintenance of their policies and procedures with focus on current compliance framework as reference point.
• Coordinates and collaborates with affiliates to address cross border issues, reporting requests and special projects.
• Seeks operational efficiencies and automation of processes to reduce risk of manual processes.
• Contributes to various reporting requirements and other ad hoc investigations.
• Works closely with other supporting units to help create and maintain best practice across the Firm.

Qualifications and Skills

• [10-15+] years of regulatory and/or advisory compliance experience at a broker dealer in securitized products and/or related topics.
• A solid foundation in US securities laws and regulations and broker dealer operations.
• Ability to communicate this knowledge and applicability to SMBC Nikko Securities America, Inc. and affiliate operations.
• Understanding of the products, services and business of SMBC Nikko Securities America, Inc. and affiliates.
• Ability to manage multiple assignments and build consensus among stakeholders.
• Ability to translate technical subject matter and convey it in easily understandable components for the clients.
• Attention to detail and discipline to follow up on issues until resolved.
• Must be well organized with project management skills.
• BA/BS required. Series 7, 24, 79 a plus.