Sumitomo Mitsui Financial Group, Inc.
Regulatory Reporting Change Management - Vice President
Sumitomo Mitsui Financial Group, Inc., Jersey City, NJ
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 $122,000.00 and $175,000.00. 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.
Background
This position reports into the Vice-President of Change Management Department and will work with other teams within the Data and Technology Departments to carry out the regulatory reporting automation within FAD Controllers to ensure that the regulatory reports are prepared in accordance with applicable reporting instructions, and data is sourced with granularity within robust controlled environment, as well as communicating/monitoring Risk and issues to management and other stakeholders. Automation Team's main objective is to provide assurances to the CFO Function that manual reporting process due to internal control deficiencies, misinterpretations and data issues that could impact regulatory reporting are minimized.
Responsibilities
Qualifications
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 [redacted].
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 $122,000.00 and $175,000.00. 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.
Background
This position reports into the Vice-President of Change Management Department and will work with other teams within the Data and Technology Departments to carry out the regulatory reporting automation within FAD Controllers to ensure that the regulatory reports are prepared in accordance with applicable reporting instructions, and data is sourced with granularity within robust controlled environment, as well as communicating/monitoring Risk and issues to management and other stakeholders. Automation Team's main objective is to provide assurances to the CFO Function that manual reporting process due to internal control deficiencies, misinterpretations and data issues that could impact regulatory reporting are minimized.
Responsibilities
- Understanding of Regulatory Reporting for US (any of FR Y-9C, FFIEC 009, FFIEC 002, FR2052a or liquidity reports, etc.)
- Work product creation and overall quality through all phases of a regulatory reporting solution implementation project, including translating business requirements into functional requirements
- Designing the regulatory reporting solution architecture system specifications, and execute testing
- Work with technology professionals, and/or third-party strategic alliance associates to implement regulatory reporting vendor packages and related technology solution
- Application/Package experience in any of the following is a plus: Regulatory Reporting Vendor Solutions - Axiom Controller View, Data and Compliance Analytics tools - SQL, Power BI, Spotfire, Denodo
- Understanding of QA and UAT testing lifecycle (including test planning, test execution and test management)
- Understanding of data quality governance and working knowledge of data exception remediation process
Qualifications
- 10+ years of work experience, including 7+ year of system implementation, and/or lean / six-sigma operational improvement projects
- 7 years of experience in financial services; 5 years of regulatory reporting experience
- Post-graduate / Graduate degree in computer science, engineering, accounting, finance, or a related field
- Experience in Banking, Regulatory Reporting and Risk Management projects
- Excellent verbal and written communication skills
- Strong analytical, problem-solving skills and attention to detail
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 [redacted].