Broker Dealer Regulatory Governance Compliance Officer

SMBC Group; New York (NY); Hybrid; USD 137,000 - 200,000; Full time

Job summary

An established industry player is seeking a Compliance Officer to oversee regulatory governance and compliance risk management. This pivotal role involves providing expert advice on US securities and swaps laws while collaborating with various teams to enhance compliance programs. The ideal candidate will manage multiple assignments, ensuring effective communication of policies and procedures to minimize regulatory risks. With a hybrid work model in place, this position offers flexibility while contributing to a dynamic compliance environment. Join a forward-thinking organization that values your expertise and commitment to compliance excellence.

Qualifications

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

Responsibilities

• Provide regulatory advice and oversight of compliance with US laws.
• Coordinate compliance regulatory examinations and inquiries.

Skills

Compliance Advisory Experience

Knowledge of US Securities and Swaps Laws

Project Management Skills

Communication Skills

Attention to Detail

Education

Bachelor's Degree

Series 7, 24, 79 (preferred)

Job description

Broker Dealer Regulatory Governance Compliance Officer

Job Level: Vice President

Location: New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 5178

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 anticipated salary range for this role is between $137,000.00 and $200,000.00. 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.

The Advisory Compliance team serves as a regulatory advisory function within the overall Compliance program and is responsible for overseeing the management of compliance risk. Advisory is represented by the Chief Compliance Officer as either a member or observer of various committees such as the New Product, Underwriting, Risk Management, Compliance, and Training committees.

The individual will work as a partner with the compliance team and management in communicating the company's culture of compliance. The individual will be responsible for the coordination and timely updates of rule changes, management reports, policies, procedures, compliance reminders as well as responses to regulatory inquiries, examinations and audits. The individual must be familiar with US securities and swaps laws and regulations, including opining on the adequacy and effectiveness of compliance processes. The individual may be one of the contacts for regulators such as FINRA, NFA, CFTC and FRB.

The Compliance Officer role may manage a coverage area or process with a large amount of independence. Incumbents are typically referred to as technical experts and known internally and externally as a reliable, knowledgeable resource. Incumbents may develop and exercise business plans, policies and procedures, as well as oversee various assigned projects to improve efficiencies. Individuals at this level have a clear understanding of the firm's different businesses and the related economics.

Role Objectives

• Provide regulatory advice and oversight of compliance with expertise in US securities, swaps and banking laws and regulation.
• Proactively engage with Compliance, Legal and other control function colleagues to enhance the overall Compliance program.
• Responsible for the coordination and drafting of management related reports on a timely basis.
• Escalate regulatory concerns and other significant matters to their manager.
• Communicate policies, procedures and new regulatory requirements simply and efficiently to affected business and infrastructure units in order to minimize bureaucracy and process burden.
• Design, implement and maintain Compliance policies and procedures to ensure consistency in achieving industry best practices and in minimizing regulatory risk.
• Coordinate compliance regulatory examinations / inquiries and support the drafting of responses to these requests for information.
• Coordinate, draft and present training materials.
• Establish and maintain a strong relationship with regulatory authorities.
• Provide thought leadership and subject matter expertise for compliance issues.
• Seek operational efficiencies and automation of processes to reduce risk of manual processes.
• Contribute to various reporting requirements and other ad hoc investigations.

Qualifications and Skills

• Extensive Compliance Advisory experience at a broker dealer and or swap dealer.
• Strong knowledge in US securities and swaps laws, rules and regulations and broker and swap dealer operations.
• Ability to communicate this knowledge and applicability.
• Understanding of the products, services and business.
• Ability to manage multiple assignments and build consensus among stakeholders.
• Must be well organized with prioritization and project management skills on a global scale.
• Ability to translate technical subject matter and convey it in easily understandable components for the clients.
• Attention to detail and discipline to follow up on issues until resolved.
• Regulatory compliance experience at a broker dealer and or swap dealer preferred. BA/BS required. Series 7, 24, 79 a plus.

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 [e-mail].