Internal Audit Quality Assurance Director

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 $180,000.00 and $220,000.00. 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 experienced Internal Audit QA Director responsible for contributing to the quality assurance function within internal audit department, particularly covering the credit, market, and liquidity risk related audit activities. The QA Director will ensure that all audit activities are conducted according to established standards, methodologies, and regulatory requirements, by providing quality review service, identifying areas for improvement, and promoting a culture of continuous improvement.

Role Responsibilities

• Support the development of audit methodology to ensure consistency and effectiveness across audit teams.
• Conduct regular reviews of audit methodologies, workpapers, and reports to assess compliance with internal audit standards, professional ethics, and relevant regulations.
• Review the full range of audit activities, such as audit engagement and issue validation.
• Peer review QA work program and workpapers to ensure consistent quality.
• Provide ongoing training to internal audit staff on quality assurance practices, audit methodologies, and regulatory updates.
• Prepare and present comprehensive quality assurance reports to IAD Management, highlighting key findings and recommendations.
• Collaborate with key stakeholders within the audit function.
• Monitor compliance with internal audit policies and procedures and relevant regulatory requirements.
• Prepare presentation for governance bodies as needed.
• Participate in the annual risk assessment process or other special projects to identify key areas of audit focus and prioritize audit plans.
  
  

Qualifications And Skills

• 12 years experience in internal audit functions. Experience in 1st and 2nd line related to credit, market and/or liquidity risks or external audit experience are a significant plus;
• CFA, CFM, CPA, or CIA or equivalent professional certification;
• Deep understanding of internal audit quality assurance principles and methodologies;
• Proven ability to manage stakeholders relationship;
• Excellent written and verbal communication skills;
• Strong analytical and critical thinking skills to assess audit activities and associated underlying data.
  
  

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.