Internal Control over Finance & Financial Reporting (ICFR) - Associate

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 $125,000.00. 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

SMBC is seeking a full-time associate for SMBC’s SPDAD Financial Control Oversight (“FCO”) Group. This person will be responsible for assisting the Team Lead in managing and executing the internal control assessment over financial reporting. This role would require someone with relevant experience in performing internal control evaluations for various areas within globally systemic financial institutions. Understanding of financial products including derivatives and fixed-income transactions, in addition to control processes within accounting, treasury, and product control operations is preferred. In this role, the individual will have an opportunity to learn about organization’s business, risks and internal control environment and provide recommendations to enhance the business control environment.

Responsibilities

• As a Controls Oversight Associate, you will work with a team of diverse team of highly motivated professionals and be a key player in the team’s oversight of the company’s financial internal control environment.
• Support testing of business-related financial control processes for the internal controls assessment within the CFO organization (e.g., perform test of design and operating effectiveness during the year).
• Timely communicate to Team Lead on all internal control matters and issues.
• Monitor control deficiencies impacting the Company’s financial statements, including partnering with process/deficiency owners to determine appropriate risk ranking of known and emerging control issues, design and deployment of effective remediation plans and seeing those issues through to timely closure.
• Work closely with other functional areas within SMBC/SMBCAH subsidiaries to interpret (reporting/internal control regulations/audit standards), define and provide technical process and control advise to SMBC constituents.
  
  

Qualifications And Skills

• 3-5 years of experience with internal audit, public accounting, or internal control function, including knowledge of auditing standards and procedures, and appropriate domestic and international accounting and auditing processes, laws, rules and regulations.
• Certified Public Accountant (“CPA”), Certified Internal Auditor (“CIA”), Chartered Accountant (“CA”), or similar qualification preferred; at a minimum the candidate should be working towards gaining qualifications).
• Strong project management skills are a must, including the ability to work independently and collaboratively across functional teams and coordinate goals with a variety of stakeholders.
• Strong oral and written communication skills.
• Advanced knowledge of Microsoft Applications (i.e. Excel and PowerPoint).
• Strong analytical and process and control documentation skills.
• Good critical-thinking skills to gather all available data and make informed decision.
• Strong multi-tasking skills and ability to adapt to change.
• Experience and understanding of Comprehensive Capital Analysis and Review (“CCAR”), preferred.
• Experience with US SOX at multinational public companies a plus.
• Financial services industry experience is a plus.
• Experience with GRC tools, a plus.
• US GAAP and IFRS knowledge is a plus.
  
  

Additional Requirements

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.