Regulatory Reporting QA Associate

SMBC Group; Charlotte (NC); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

SMBC Group in Charlotte, NC is seeking a RRQA Associate to support risk-based assessments of U.S. regulatory reporting processes under the Finance Control Oversight function.

You will perform testing on internal controls, document workpapers, and collaborate with Finance, Risk, Technology, and Operations to ensure accuracy and conformance with regulatory requirements.

A Bachelor's in accounting/finance and 3+ years of audit or regulatory experience are required; hybrid work schedule offered.

Qualifications

• Bachelor’s degree in accounting/finance or related field required.
• 3+ years in audit, internal controls testing, regulatory reporting, or risk management.
• Basic understanding of U.S. regulatory reporting requirements and banking products preferred.
• Strong written and verbal communication and analytical thinking.
• Familiarity with data governance and regulatory reporting processes is a plus.

Responsibilities

• Assist with assessment planning, analyzing report production and data sourcing and related risks.
• Perform walkthroughs, assess risks, profile data, sample, and analyze data per RRQA standards.
• Execute testing to evaluate internal controls, reporting logic, and data accuracy.
• Prepare clear workpapers documenting procedures, observations, evidence, and conclusions.
• Follow up on remediation actions and document validation results for closure.
• Support continuous monitoring by reviewing regulatory developments and risk indicators.
• Collaborate with Finance, Risk, Technology, and Operations to discuss results.
• Develop expertise in U.S. regulatory reporting and risk-based assessment methods.

Skills

Analytical skills

Communication

MS Office

Multitasking

Data governance

Education

Bachelor’s degree in accounting, finance, business analytics, information systems, or a related field

Tools

MS Office

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 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.

Role Description

Regulatory Reporting Quality Assurance (RRQA), within SMBC's Finance Control Oversight (FCO) function, conducts independent risk-based assessments of U.S. regulatory reporting processes to evaluate reporting accuracy, completeness, conformance with regulatory requirements, and effectiveness of related controls.

The RRQA Associate supports the execution of RRQA assessments under the guidance of assessment leads and Directors. The Associate participates in testing activities focused on internal control effectiveness, reporting logic conformance, and the accuracy of underlying transaction-level data.

The Associate contributes to assessment planning, testing execution, workpaper documentation, issue validation, and continuous risk monitoring activities. The role provides significant opportunities to develop expertise in U.S. regulatory reporting requirements, banking products, and risk-based assessment methodologies.

The position requires strong analytical and problem-solving skills, attention to detail, effective written and verbal communication, and the ability to work collaboratively with stakeholders across Finance, Risk, Technology, and Operations.

Role Objective: Assessment Execution & Support

• Assist with assessment planning activities, including preliminary analysis to understand regulatory report production and data sourcing processes and associated risks and controls.
• Perform walkthroughs, assess risks, profile data, select samples, and perform data analysis in accordance with RRQA methodology and FCO Standards.
• Execute testing procedures to evaluate internal control effectiveness, reporting logic conformance, and transaction-level data accuracy.
• Prepare clear and comprehensive workpapers that document testing procedures, assumptions, observations, supporting evidence, and conclusions, in accordance with FCO Standards.

Role Objective: Issue Validation

• Perform follow-up testing to assess the effectiveness of remediation actions for previously identified issues.
• Document validation results and support issue closure determinations.

Role Objective: Continuous Monitoring

• Support continuous monitoring activities by analyzing regulatory reporting developments, risk indicators, organizational changes, and issue trends.
• Assist in identifying emerging risks that may impact future assessment planning.

Role Objective: Stakeholder Collaboration

• Collaborate with business partners to obtain documentation, understand processes, and discuss testing results.
• Communicate testing observations and information requests professionally and effectively.

Role Objective: Professional Development

• Build knowledge of U.S. regulatory reports, banking products, data flows, and regulatory reporting requirements.
• Participate in training and continuous learning opportunities to enhance technical and regulatory expertise.

Qualifications & Skills

• Bachelor’s degree in accounting, finance, business analytics, information systems, or a related field.
• 3+ years of experience in audit, internal controls testing, regulatory reporting, risk management, or a related discipline.
• Basic understanding of U.S. regulatory reporting requirements and banking products (loans, deposits, derivatives, securities) preferred.
• Strong analytical, critical thinking, and problem-solving skills.
• Strong written and verbal communication skills, with the ability to clearly document work and communicate findings.
• Familiarity with data governance, data quality concepts, and regulatory reporting processes is a plus.
• Proficiency in Microsoft Office applications, including Excel, Word, and PowerPoint.
• Ability to manage multiple assignments, meet deadlines, and work effectively in a team environment.

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].