Regulatory Reporting Quality Assurance - Director

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 Rail Services LLC, Manufacturers Bank, JRI America, Inc.
, SMBC Leasing and Finance, Inc.
, Banco Sumitomo Mitsui Brasileiro S.
A.
, and Sumitomo Mitsui Finance and Leasing Co.
, Ltd.
The anticipated salary range for this role is between $170,000.
00 and $199,000.
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.
Role Description The Regulatory Reporting Quality Assurance Director role is critical in ensuring the compliance with regulatory standards, maintaining data integrity, data accuracy and completeness for regulatory reports filed by SMBC.
The Director will stay updated on evolving regulatory requirements pertaining to these reports, lead the team to implement a strategic control testing program, and continuously enhance control testing methodologies and procedures, to optimize testing efficiency and effectiveness.
Responsibilities Independent process validation Lead, specialized in Liquidity Reporting (including FR 2052a, Liquidity Coverage Ratio) Market Risk regulatory reporting (e.
g.
, FFIEC 102), and CCAR (e.
g.
, FR Y-14A) Responsible for development of annual validation plan, overseeing validations from transaction capture through regulatory reporting processes and assessing the internal control environment to focus on reporting accuracy and completeness, including the integrity of the underlying data Provide expert guidance on testing of processes and controls across the end-to-end lifecycle around regulatory report production; Provide guidance on reviewing the regulatory reporting data infrastructure including the end-to-end data process flow with lineage for critical data elements (CDEs), integrity of source systems data, and metadata repositories (including data dictionaries) Lead efforts for process/system enhancement initiatives required to meet internal audit and/or regulatory expectations; Identify and analyze issues for risk impact and facilitate the drafting of resolution recommendations within various functions to remediate risks Utilize comprehensive understanding of specific processes (global and regional) and regulatory requirements to identify opportunities and streamline validation exercises, including using different technologies (e.
g.
, UIPath, Alteryx, PowerBI) Manage key relationships across the Finance organization, Internal Audit, and other divisions (incl.
Risk and Data Management) with key constituency groups Support Firm responses to regulatory (e.
g.
, FRB, DFS) queries where applicable to role, subject matter expertise Prepare and present clear and concise reports on testing results to senior management Lead the team on continuous monitoring, adjust testing plan/testing procedures as needed, potentially involved with pre-axiom implementation testing Qualifications and Skills 15+ years of experience in Finance industry internal audit or public accounting Extensive knowledge/experience of process and control design, risk assessment, issue management Strong project management and team management Effective communications, both oral and written; experience in reviewing sensitive documents; ability to defend critical audit observations; ability to train staff in accordance with regulatory and company standards; good working knowledge of, and ability to train others in data and regulatory reporting matters CPA/CIA is preferred Additional Requirements D&I Commitment Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
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.
We are an equal employment opportunity employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.
SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law.
If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.
com.