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 $170,000.00and $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.
To support SMBC Americas' business growth strategy, SMBC is establishing a global Volcker Office to ensure global consistency and adherence to the requirements of the Volcker Rule. Overall, the candidate should have a strong functional knowledge of the Volcker rule, and be able to implement, and manage SMBC's compliance program for the Volcker Rule. On a day-to-day basis, the position works closely with various businesses and control functions to help ensure that the bank appropriately addresses the regulatory risks relative to the Rule. The position will also work and communicate with global stakeholders and regional Volcker Offices on various aspects of Volcker compliance. The Director will be responsible for rigorously supporting the Executive Director and managing the Volcker Program while working closely with senior stakeholders across SMBC globally.
Program Implementation:
SMBC Collaboration:
Regulatory Coordination:
Volcker Office Responsibilities:
* Minimum of 5-10 years' experience in financial services, compliance or regulatory experience, or related experience with particular emphasis on the Volcker Rule.
* Bachelor's degree or equivalent required; advanced degree preferred.
* Strong capability to manage complex projects independently, coordinating across multiple stakeholder groups, with a rigorous attention to detail.
* Experience with managing components of compliance risk management frameworks.
* Demonstrated track record of increasing project management responsibilities.
* Ability to manage multiple projects simultaneously and re-prioritize workloads as necessary.
* Demonstrates strong judgement, political astuteness, and sensitivity to cultural diversity.
* Strong interpersonal and communications skills (written and verbal) to successfully interface with all levels of management and maintain solid working relationships in a collaborative group environment.
* Significant knowledge of change/program management, financial operations and planning, risk and controls management, IT processes, and data management.
* Ability to strategically develop and implement complex process and technology change management initiatives.
* Ability to work independently in ambiguous environments that are not clearly defined.
* Ability to prioritize efforts across multiple projects and manage competing deadlines with stakeholders.
* Ability to be flexible and follow tight deadlines.
* Self-starter who can execute time-sensitive projects against plans.
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.
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.