Broker Dealer Regulatory Governance Compliance Officer

Sumitomo Mitsui Financial Group, Inc.; New York (NY); On-site; USD 137,000 - 200,000; Full time

Job summary

An established industry player seeks a Compliance Officer to enhance its regulatory advisory team. This pivotal role involves overseeing compliance risk management, providing regulatory advice, and fostering a culture of compliance. The ideal candidate will leverage extensive experience in compliance advisory, particularly within US securities and swaps regulations. You will engage with various stakeholders, manage projects, and develop training materials, ensuring alignment with industry best practices. Join a dynamic environment that values innovation and operational efficiency, while offering a hybrid work model to suit your lifestyle.

Qualifications

• Extensive compliance advisory experience at a broker-dealer or swap dealer.
• Strong knowledge of US securities and swaps laws, rules, and regulations.

Responsibilities

• Provide regulatory advice and oversight in US securities and swaps laws.
• Coordinate regulatory examinations and support response drafting.

Skills

Compliance Advisory Experience

Knowledge of US Securities and Swaps Laws

Communication Skills

Project Management Skills

Attention to Detail

Education

BA/BS Degree

Series 7 Certification

Series 24 Certification

Series 79 Certification

Job description

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history. It offers diverse financial services including banking, leasing, securities, credit cards, and consumer finance. With over 130 offices and 80,000 employees worldwide across nearly 40 countries, SMBC Group is part of the Sumitomo Mitsui Financial Group (SMFG), one of Japan's three largest banking groups. SMFG's shares are traded on the Tokyo, Nagoya, and NYSE.

In the Americas, SMBC Group operates in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru, providing a range of commercial and investment banking services to corporate, institutional, and municipal clients, leveraging its strong capital base and Asian relationships. Key operating entities include SMBC, SMBC Nikko Securities America, SMBC Capital Markets, SMBC MANUBANK, JRI America, SMBC Leasing and Finance, Banco Sumitomo Mitsui Brasileiro, and Sumitomo Mitsui Finance and Leasing.

The role offers an anticipated salary range of $137,000 to $200,000, based on qualifications and market conditions, with potential eligibility for annual discretionary incentives and a competitive benefits portfolio.

Role Description

The Advisory Compliance team functions as a regulatory advisory within the broader Compliance program, overseeing compliance risk management. The Chief Compliance Officer participates in various committees related to new products, underwriting, risk management, compliance, and training.

The individual will partner with the compliance team and management to promote a culture of compliance, coordinate rule changes, manage reports, policies, and procedures, and respond to regulatory inquiries, examinations, and audits. Familiarity with US securities and swaps laws and regulations is essential, including providing opinions on compliance processes. The role may involve interaction with regulators such as FINRA, NFA, CFTC, and FRB.

This Compliance Officer may manage a specific coverage area or process independently, acting as a technical expert and trusted resource, developing business plans, policies, procedures, and overseeing projects to improve efficiency. A comprehensive understanding of the firm's diverse businesses and their economics is required.

Role Objectives

1. Provide regulatory advice and oversight in US securities, swaps, and banking laws and regulations.
2. Engage proactively with Compliance, Legal, and control functions to enhance the Compliance program.
3. Coordinate and prepare management reports timely.
4. Escalate regulatory concerns and significant issues.
5. Communicate policies and regulatory requirements clearly to minimize bureaucracy.
6. Design and maintain compliance policies to align with industry best practices and reduce regulatory risk.
7. Coordinate regulatory examinations and support response drafting.
8. Develop and present training materials.
9. Build strong relationships with regulatory authorities.
10. Provide thought leadership on compliance issues.
11. Seek operational efficiencies and automate processes to mitigate manual risks.
12. Contribute to reporting and ad hoc investigations.

Qualifications and Skills

1. Extensive compliance advisory experience at a broker-dealer or swap dealer.
2. Strong knowledge of US securities and swaps laws, rules, and regulations.
3. Excellent communication skills to convey complex compliance topics.
4. Understanding of relevant products, services, and business models.
5. Ability to manage multiple projects and build stakeholder consensus.
6. Organizational and project management skills on a global scale.
7. Ability to simplify technical subjects for clients.
8. Attention to detail and follow-up discipline.
9. Regulatory compliance experience preferred; BA/BS required; Series 7, 24, 79 certifications a plus.

SMBC offers a hybrid work model, allowing remote and office work, with location within reasonable commuting distance. Specific schedules will be discussed during interviews. Reasonable accommodations are available for applicants with disabilities. For assistance during the application process, contact [emailprotected].