Corporate Compliance Program Governance - 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 $131,000.00. 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 an Associate to join the Compliance Governance team of SMBC Americas Division. This role contributes to the overall success of the Compliance Department by assisting with key processes to support effective operation of the department. Responsibilities for this position include supporting development and tracking of an Annual Compliance Plan, managing headcount reporting, and assisting with Compliance business continuity and capacity planning. The selected candidate will have an opportunity to gain exposure to broad areas of Compliance and will work closely with senior members of the department across multiple entities and business lines. This role will report into the Director of Compliance Governance.

Role Objectives

• Support development of the Annual Compliance Plan and the identification of strategic Compliance priorities in consultation with Compliance Department senior staff
• Track Annual Compliance Plan progress and prepare management reporting
• Maintain organizational charts of the department and track open roles
• Produce headcount and hiring metrics to support efficient decision-making around staffing
• Submit monthly reporting to Finance and Head Office on headcount forecasting
• Identify opportunities to optimize and automate current processes for headcount tracking
• Support the annual Staffing Needs Assessment exercise to evaluate current resources, including assisting with data collection and analysis, and preparing initial and final results for presentation to Compliance management
• Facilitate the annual budget process to identify expenses for the year in consideration of key risk areas, new initiatives, and overall Compliance strategy
• Assist with designing and maintaining Business Continuity Plans for Compliance
• Partner with the Location Strategy team on capacity planning for Compliance
• Provide support on ad hoc assignments, as necessary
  
  

Qualifications And Skills

• Minimum 4 years of experience in financial services
• Prior experience working in the compliance department of a large U.S. or foreign bank preferred
• Bachelor’s degree required, with advanced degree in Business Management, Accounting or related field preferred
• Excellent project management skills and a proven track record of successfully managing competing priorities and deadlines
• Highly detail-oriented and ability to manage large volumes of information
• Strong analytical, problem-solving, and organizational skills
• Strong written and verbal communication skills
• Time management skills, including the ability to prioritize and allot time across different tasks
• Collaborative mindset and commitment to work with and support colleagues
• Proficiency required in Excel (pivot table and reporting, power pivot, advanced conditional formatting, and data simulation) and in creating engaging PowerPoint presentations (creating and formatting templates, designing graphs and charts, creating interactive slideshows)
• Sound judgment in handling complex, confidential matters with integrity and professionalism
  
  

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.
  
  

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.