Vice President, Broker-Dealer Private Side Compliance Advisory

The anticipated salary range for this role is between $137,000.00 and $200,000.00. 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 Compliance group within SMBC Nikko Securities Inc. serves as a regulatory advisory function to the President and is responsible for overseeing the management of the broker dealer's compliance risk and is represented by the Chief Compliance Officer as either a member or observer of various committees such as the New Product, Underwriting, Risk Management, Compliance, IT Risk and Training committees.

The Compliance Advisory Vice President role assists in managing a coverage area or process under the oversight of a more senior team member and may cover an area or process with a large amount of independence.

Incumbents are typically developing subject matter experts and known internally and externally as a reliable, knowledgeable resource.

Incumbents may develop and exercise business plans, policies and procedures, as well as oversee various assigned projects to improve efficiencies.

Individuals at this level have a clear understanding of the firm's different businesses and the related economics. Primary focus of role is on day-to-day advisory and monitoring, although roles also contribute to strategic planning within area of expertise.

Reports directly to the Head of Private Side Compliance Advisory for SMBC Nikko Securities Inc.

Role Objectives

• Assists in providing regulatory and compliance advice, identifying training needs, preparing and providing training and conducting monitoring of relevant business units.
• Provides advice on regulatory and compliance requirements to business unit staff so that they may conduct their business in conformance with regulatory requirements.
• Advises and provides regulatory guidance on establishing a reasonably designed supervisory system including to create and update written supervisory procedures.
• Participates in and may conduct monthly meetings with business unit management to proactively identify emerging business issues and discuss related or new regulatory requirements.
• Supports interactions with regulators and Interfaces with Internal Audit during compliance related examinations / audits related to coverage area.
• Assists central Compliance team in researching and drafting responses to regulatory inquiries.
• Advises business units on the maintenance of their policies and procedures with focus on current compliance framework as reference point.
• Coordinates and collaborates with affiliates to address cross border issues, reporting requests and special projects.
• Seeks operational efficiencies and automation of processes to reduce risk of manual processes.
• Provides training to covered business units.
• Contributes to various reporting requirements and other ad hoc investigations.
• Works closely with other supporting units to help create and maintain best practice across the Firm.

Qualifications and Skills

• 7-10+ years of regulatory and / or advisory compliance experience at a broker dealer.
• A solid foundation in US securities laws and regulations and broker dealer operations.
• Ability to communicate this knowledge and applicability to SMBC Nikko Securities Inc. and affiliate operations.
• Understanding of the products, services and business of SMBC Nikko Securities Inc. and affiliates.
• Ability to manage multiple assignments and build consensus among stakeholders.
• Ability to translate technical subject matter and convey it in easily understandable components for the clients.
• Attention to detail and discipline to follow up on issues until resolved.
• Must be well organized with project management skills.
• BA / BS required. Series 7, 24, 79 a plus.

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.