FICC Sales and Trading Compliance

SMBC Group; New York (NY); Hybrid; USD 163,000 - 250,000; Full time

Job summary

An established industry player is seeking a Compliance Advisor to join their dynamic team. This role is essential for overseeing compliance risk and providing regulatory guidance within the broker dealer's operations, particularly focusing on fixed income activities. The ideal candidate will have extensive experience in compliance advisory roles and a deep understanding of U.S. securities laws. You will collaborate with various teams to enhance compliance programs and ensure adherence to regulatory requirements. This is a unique opportunity to contribute to a prestigious financial institution while enjoying a hybrid work model that promotes work-life balance.

Benefits

Hybrid work model

Competitive benefits portfolio

Annual discretionary incentive award

Qualifications

• 10+ years of compliance experience at a broker dealer required.
• Strong knowledge of US securities laws and broker dealer operations.

Responsibilities

• Provide regulatory advice and conduct compliance monitoring.
• Interface with regulators and manage compliance examinations.

Skills

Compliance Advisory

US Securities Laws

Broker Dealer Operations

Communication Skills

Project Management

Attention to Detail

Education

BA/BS

Tools

TRACE Reporting

Compliance Software

Job description

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 $163,000.00 and $250,000.00. 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 and is responsible for overseeing the management of the broker dealer's compliance risk, 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.

Role Objectives

• Responsible for providing regulatory and compliance advice to business units, identify and provide training and conduct monitoring of the broker dealers public side sales and trading groups with a focus on all Fixed Income activities including Primary Dealer and fixed income futures activity.
• Provides advice on regulatory and compliance requirements to business unit management and staff so that they may conduct their business in conformance with regulatory requirements.
• Advises and provides regulatory guidance on establishing a reasonably designed supervisory system including to create and update written supervisory procedures.
• Monitors and provides updates on regulatory changes and supports implementation of new / amended regulatory requirements.
• Conducts monthly meetings with business unit management to proactively identify emerging business issues and discuss related or new regulatory requirements.
• Proactively engages with Compliance, Legal and control function colleagues to enhance the overall Compliance program.
• Escalates regulatory concerns and other significant matters to their manager and ongoing support as necessary for matters requiring escalation.
• Interfaces with regulators and Internal Audit during compliance related examinations / audits related to coverage area.
• Research and drafts responses to regulatory inquiries.
• Advises on the maintenance of internal policies and procedures with focus on current compliance framework as reference point.
• Coordinate with affiliates to address cross border issues, reporting requests and special projects.
• Seeks operational efficiencies and automation of processes to reduce risk of manual processes.
• Create and deliver compliance training by drafting appropriate training materials and conducting trainings.
• Leads / Contributes to various reporting requirements and other ad hoc investigations.
• Work with Global Advisory team and other legal entities in the Americas to lead a coordinated effort throughout the organization.
• Collaborates closely with Compliance team and other support units to help create and maintain best practice across the Firm.
• Plays a key role in the Compliance risk assessment exercise.

Qualifications and Skills

• Extensive Compliance Advisory experience at a broker dealer covering fixed income and/or fixed income futures activities.
• Strong knowledge in US securities laws, rules and regulations and broker dealer fixed income operations including TRACE reporting, Primary Dealer and fixed income futures activity.
• Understanding of the products, services and business of Nikko and affiliates, such as U.S. Treasury Securities, Repo, Corporate Bonds, and Securitized Products, as well as associated derivatives and futures.
• Experience dealing with U.S. financial regulators, including the Federal Reserve, SEC/FINRA, and CFTC/NFA.
• Excellent written and oral communication skills, particularly with respect to communicating technical subject matter.
• Ability to manage multiple assignments and build consensus among stakeholders.
• Must be well organized with prioritization and project management skills on a global scale.
• Attention to detail and discipline to follow up on issues until resolved.
• 10+ years of regulatory compliance experience at a broker dealer. 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].