Market Data Content and Compliance Specialist - Vice President

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 $150,000.00 and $199,000.00. 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 building on the Market Data Services function. If you are excited about building and refining policies and procedures, interacting with third parties and with internal clients, then this opportunity is for you. This position focusses on the contracting, licensing and related compliance aspect of market data and third-party usage at all levels from original source to use by business stakeholders (applications, databases, spreadsheets, desktops etc.) External data points will include but not limited to real-time, delayed data, derived data, reference data, research, news, and alternative data.

Role Objectives

• Understand and document the use of external third-party data and associated downstream processes.
• Develop, manage, communicate, and enforce policies and controls that ensure effective consumption and overall compliance with Market Data/Third Party vendor agreements.
• Participate in audits from exchanges or suppliers.
• Develop and maintain relationships with our third-party suppliers to understand product and service offerings.
• Evaluate/implement application compliance tools to assist with the reduction of risk and exposure to data licensing requirements.
• Serve as a key team member and lead on projects related to data usage and control.
• Keep up to date with exchange/supplier policy changes and implement any required changes. (data notifications)
• Manage negotiations for new contracts or renewal of existing.
• Ensure contractual changes are properly reflective within SPEND.
• Partner and collaborate with regional and international colleagues, internal stakeholders, and technology.
  
  

Qualifications And Skills

• Preferred: BA/BS (or equivalent experience)
• Will have 5 years of relevant market data financial services experience with an understanding of financial data products used in banking, risk management, regulatory reporting, and financial services, covering such products as Bloomberg, Dun & Bradstreet, Dow Jones, Refinitiv, S&P, and Moody’s.
• Have a good working knowledge of licensing obligations, their touchpoints with other areas, how to achieve compliance and the potential impact of non-compliance.
• Experience working within SPEND or similar inventory tool.
• Working knowledge of supplier provided access systems such as DACS and EMRS.
• Ability to effectively respond to dynamically changing work environment.
• Demonstrates strong attention to detail and a process-driven mindset.
• Proven ability to meet established deadlines while successfully manage multiple priorities and stakeholders.
• Strong Excel knowledge (pivot table, v-lookups)
  
  

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.