Corporate Compliance Program Governance

Sumitomo Mitsui Banking Corporation (SMBC)
remote work
United States, New Jersey, Jersey City
Nov 16, 2024
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 $144,000.00and $180,000.00. 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 We are looking for a mid-level, motivated and detail-oriented Compliance Reporting professional to join our Corporate Compliance Reporting Team. This role offers an excellent opportunity for a candidate with a foundational understanding of corporate compliance to gain hands-on experience and develop their skills in a collaborative and supportive environment. In this role, the successful candidate will be responsible for supporting the development, implementation, and management of compliance reporting processes to ensure that the company adheres to legal and regulatory requirements. This position will 1) interact closely with various departments and stakeholders, providing insights and recommendations to mitigate risks and enhance compliance practices; 2) requires a strong mix of qualitative and quantitative skills to effectively streamline information and provide insights that enhance the oversight of corporate compliance functions. The successful candidate will support the development and tracking of compliance metrics, ensuring alignment with our risk appetite, and highlighting areas that require attention. Role Objectives Collaborate with the Compliance Reporting Team to support the reporting framework. Collaborate with cross-functional teams to identify, assess, and monitor compliance risks. Assist in the collection, organization, and analysis of compliance data to support the creation of accurate reports for management, enabling informed decision-making. Conduct qualitative analysis of compliance risks, assessing the effectiveness of existing controls and identifying areas for improvement - Implement approach to streamline information flow related to compliance issues and risks. Quantitatively assess compliance through key risk indicators (KRIs) and key performance indicators (KPIs) and metrics, allowing for continuous monitoring of compliance functions. Help generate senior management reports by identifying, analyzing, and reporting on compliance risks within the organization. Support the preparation of periodic compliance reports that detail compliance metrics - ensuring data integrity and assisting with quality checks - highlight trends and identify potential compliance risks that may exceed our established risk appetite. Take detailed meeting notes during team and cross-departmental compliance meetings, ensuring accurate documentation and follow-up on action items. Contribute to the development of compliance metrics, helping to provide clear insights into compliance performance. Assist in the development, updating of, and maintaining compliance policies and procedures to align with changing regulations and business needs. Stay informed of current trends in compliance and regulatory requirements, contributing ideas to enhance reporting practices. Qualifications and Skills Bachelor's degree in business, Risk Management, Compliance, Law or a related field. Minimum of 5 years of experience in risk, compliance, data analysis, or a related field is a plus. Basic understanding of compliance frameworks and regulatory requirements is preferred. Familiarity with Microsoft Office Suite (Word, Excel, PowerPoint); knowledge of data visualization tools (Power BI, Tableau) is a plus but not required. Strong analytical skills with the ability to interpret complex data and translate it into actionable recommendations. Excellent written and verbal communication skills, with the ability to present information clearly and effectively. Strong attention to detail, with a proactive approach to problem-solving. Proven ability to work collaboratively in a team-oriented environment while managing multiple priorities under tight deadlines. 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. #LI-RCH 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. 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.