Finance Regulatory Policy - Vice President

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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.

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, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients.

The anticipated salary range for this role is between $122,000.00 and $170,000.00. 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

Support regulatory reporting stakeholders by providing regulatory reporting advice, issuing policy interpretation and guidelines on technical regulatory issues involving our New York Branch, Bank Holding Company, broker / dealer and other affiliates.

This is a hybrid role, with current expectation to work in the office twice a week.

Responsibilities

• Rule Interpretation :
• Provide advice to various stakeholders on issues related to regulatory policies, documenting the question and response including underlying rationale.
• Demonstrate technical knowledge of regulatory rules for banks and broker / dealers, challenging data in various regulatory reporting reports.
• Collaborate with businesses and regulatory stakeholders to resolve emerging regulatory reporting requirements.
• Assess the regulatory reporting and capital impact of proposed new products and complex business transactions.
• Policy Issuance and Advocacy :
• Support the development and maintenance of Regulatory Reporting Policies by drafting and analyzing key rules.
• Draft new policies related to the upcoming Basel III Endgame.
• Assist in interacting with members of the Federal Reserve on regulatory reporting matters.
• Provide technical expertise to draft comment letters in response to new proposed regulations.
• Participate in regulatory reporting and regulatory policy industry forums.
• Change Management :
• Support advocacy efforts and implementation of new regulatory reporting regulations.
• Support Regulatory stakeholders in implementing changes related to Basel III Endgame.
• Provide training materials on key U.S. regulatory reporting requirements.
• Support large scale projects, collaborating across the firm.
• Support governance and control requirements related to regulatory capital adequacy.

Qualifications and Skills

• Bachelor’s degree (preferably in Finance, Accounting or Business)
• 5 to 10 years of regulatory reporting or advisory experience in the banking industry.
• Strong research, analytical, business writing, and presentation skills.
• Strong knowledge of regulatory capital requirements.
• Good communication skills to discuss complex topics with senior management.
• Good understanding of US GAAP.

Additional Requirements

D&I Commitment : Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment.

SMBC’s employees participate in a Hybrid workforce model. Employees must 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.

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