Regulatory Reporting QA Associate

SMBC Group; Charlotte (NC); Hybrid; USD 95,000 - 125,000; Full time

Benefits offered by this job

Hybrid work model

Accommodations for applicants

Job summary

SMBC Group in Charlotte, NC is seeking an RRQA Associate to support 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 Associate participates in testing activities focused on internal control effectiveness, reporting logic conformance, and the accuracy of underlying transaction-level data.

Qualifications

• 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 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.

Responsibilities

• 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.
• Collaborate with business partners to obtain documentation, understand processes, and discuss testing results.

Skills

Analytical thinking

Written & verbal communication

Team collaboration

Problem solving

Data governance awareness

Education

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

Tools

Microsoft Excel

Microsoft Word

PowerPoint

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., 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, 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].