Overview
This is an exciting opportunity to work on the Regulatory Oversight team to design, implement and manage programs for key regulations across the Compliance Department Americas Division (“CPAD”). This role involves working cross-functionally with both first and second lines of defense to comprehensively manage key regulatory risks, including, but not limited to, Mandatory Time Away / Mandatory Leave, Volcker, Regulation W, Japanese Firewall, and other key regulatory areas.
Familiarity with other applicable U.S. banking and/or securities and swap dealer laws, rules and regulations is required. Additionally, a risk management / internal control mindset to apply and assess risk identification / mitigation is essential.
The anticipated salary range for this role is between $79,000 and $128,000. 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
- Assist with design and implementation of compliance oversight over regulatory programs.
- Collaborate with various teams to review, analyze, and assess existing processes to identify areas where centralized oversight or additional controls may be required.
- Manage the inventory of regulatory programs and conduct periodic analysis to identify and implement new programs as required.
- Document and maintain policies and procedures related to regulatory programs.
- Prepare presentation materials for various risk management committees.
- Assist with tracking and remediation of open issues in areas of regulatory risk.
- Use MS Excel to compile and summarize regulatory programs data received from various sources.
Qualifications
- Bachelor’s Degree required; Minimum of 3-5 years of prior regulatory, compliance, and/or risk management experience
- Financial services experience with knowledge of banking, securities and/or swap dealer products preferred.
- Proficient in MS Office Suite – Excel, PowerPoint, Word, SharePoint.
- Experience with managing components of compliance risk management frameworks.
- Demonstrated track record of increasing project management responsibilities.
- Ability to manage multiple projects simultaneously and re-prioritize workloads, as necessary.
- Demonstrates strong judgement and sensitivity to cultural diversity.
- Ability to analyze results and identify trends / forecasting using resultant data and other available metrics (e.g., KPI, KRIs, etc.) while promoting measures to mitigate regulatory compliance risk.
- Strong interpersonal and communications skills (written and verbal) to successfully interface with all levels of management and maintain solid working relationships in a collaborative group environment.
- Strong knowledge of risk and control management frameworks and supporting processes and ability to translate business analysis results into actionable