Overview
This role contributes to the overall success of the Compliance Department as a key contributor by provided advisory support to various support and control functions such as Operations, Finance, IT, Cybersecurity and Data. The Infrastructure Advisory VP will provide support to the Infrastructure Advisory Team and participate in cross-functional initiatives related to Banking, Securities and Commodities obligations.
The anticipated salary range for this role is between $137,000 and $178,000. 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.
Responsibilities
- Provide compliance support to the infrastructure advisory team.
- Participate in the annual training needs analysis, monitoring & testing priorities and risk assessment processes.
- Support regulatory change initiatives and provide impact analysis on new and amended regulations.
- Compliance department efforts and obligations with respect to banking, broker-dealer and swap dealer regulations and guidance such as, among others, those relating to cyber, 3rd party, anti-tying, Regulation YY and applicable SR letters.
- Coordinate with bank, broker-dealer and swap dealer regulatory Compliance Advisory programs, from an infrastructure perspective and lend support as needed.
- Assist with the development of policies and procedures.
- In coordination with Compliance surveillance team, reviewing surveillance and other control reports and developing and/or enhancing controls where needed.
- Participating in annual and ad hoc risk assessment exercises.
- Participating in Firm committees as bank, broker-dealer and swap dealer regulatory compliance subject matter expert.
- Familiarity with BCP/DR obligations for FBOs, swap dealers and broker-dealers.
Qualifications
- Minimum 5 years of experience in financial services including information security and regulatory related work;
- Exceptional organizational and time management skills are essential for the role;
- Excellent communicator in both the written and oral form;
- Ability to create clear, convincing and well-organized presentations and communications;
- Experience working for a non-U.S. bank highly desirable;
- Familiarity with banking, broker-dealer and swap dealer regulations as they affect infrastructure;
- Experience dealing with U.S. banking and securities regulators, including the Federal Reserve, SEC/FINRA, and CFTC/NFA preferred but not required;
- Bachelor’s Degree required -and industry certifications and registrations are a plus.