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 MANUBANK, 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 $208,000.00 and $240,000.00. 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

SMBC Group is seeking a Director for the Compliance Risk Assessment team within the Compliance Department Americas Division ("CPAD"). This role reports to the Executive Director, Head of Compliance Risk Assessment and will lead the management of the Compliance Control Inventory and assist in managing a comprehensive risk assessment ("CRA") framework.

This role will involve working across businesses on both the Compliance Risk Assessment and Control Inventory, liaising with the Risk Department on the Control Inventory, and working cross-function to ensure the Control Inventory is integrated with other components of the Compliance Risk Management Framework.

The candidate should have a strong functional knowledge of applicable U.S. banking laws and regulations and experience with risk and control assessments. Familiarity with securities and swap dealer laws, rules and regulations is a plus. Additionally, a risk management / internal control mindset to apply and assess risk identification / mitigation is essential.

The scope of this function will encompass SMBC Group’s Americas Division, inclusive of SMBC Group's wholesale and retail banking operations; U.S. and LATAM representative offices; Grand Cayman Branch; Canada Branch; Brazilian banking affiliate; U.S. broker dealer and registered swap dealer; a Mexican non-bank lending affiliate; and certain non-bank leasing affiliates.

Role Objectives

• Manage the Compliance Control Inventory (CCI) including developing and implementing policies, procedures, and processes to maintain and periodically validate the inventory.

• Ensure CCI meet data integrity standards of SMBS AD

• Manage the process to ensure connectivity of the Control Inventory with other elements of the compliance framework including the Compliance Risk Assessment, Monitoring & Testing; and the inventory of Laws, Rules and Regulations.

• Assist with the design and implementation of a comprehensive Compliance Risk Assessment (CRA) framework for the SMBC Group Americas Division identifying the inherent risk of applicable laws/regulations/rules and assessing the efficacy of internal controls to derive residual risk profile.

• Provide leadership and guidance to stakeholders across the 1st and 2nd lines of defense with respect to identifying and documenting compliance-related controls in the Control Inventory.

• Develop management reporting on the Control Inventory and Compliance Risk Assessment.

• Provide guidance and ongoing training to Controls owners and Compliance Officers involved in the Compliance Risk Assessment, including by advising on technical aspects of risk assessment process and methodology, conducting quality assurance of results, and providing effective challenge on ratings and written rationales.

• Work with other members of the Compliance Risk Assessment team to draft the annual Compliance Risk Assessment Report as well as presentations to 1st line of defense management teams and risk committees.

• Work with relevant stakeholders across the 1st and 2nd lines of defense to design management action plans to address control gaps identified during the Compliance Risk Assessment or as part of the maintenance of the Control Inventory.

Qualifications and Skills

Critical Job Knowledge and Core Competency/Skills are set forth below:

• Bachelor’s Degree required; J.D. or M.B.A. preferred; Minimum of 12 years of prior regulatory, compliance, and/or risk management experience.

• Financial services experience and knowledge of wholesale banking products preferred; Securities and swap dealer experience is a plus.

• Experience implementing and managing risk and control assessments and/or inventories (e.g., Compliance Risk Assessment, Risk and Control Self-Assessment, or Control Inventory).

• Demonstrated track record of increasing project management responsibilities.

• Ability to manage multiple projects simultaneously and re-prioritize workloads as necessary. Demonstrates strong judgement, political astuteness, 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.

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.

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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.