Regulatory Associate
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. SMFGs 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 organizations extensive global network. The Groups 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 $82,000.00 and $142,000.00. 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 Regulatory Associate works within the Business Data Management vertical of the Regulatory Change Management (RCM) Team to assist the compliance operations for gathering, structuring, analyzing relevant data from various sources, cleaning and structuring it to ensure accuracy for data analysis to maintain the Law, Rules, and Regulations (LRR) inventory, and connectivity with other Compliance pillars.
Role Objectives
The Regulatory Associate role works with teams across SMBC Americas Division Compliance department to coordinate business data management activities such as RCM LRR updates, reference data management, Risk Taxonomy mapping, vendor data management, cross-functional data consistency, and data quality checks. As a member of the Regulatory Change Management team, the Regulatory Associate will work in the capacity of Business Data Manager who will be responsible for managing Compliance data and assisting Compliance teams with data management initiatives.
Their primary duties include cleansing, analyzing, reconciling, and uplifting Compliance data to improve consistency and reduce inaccuracy. They would understand the specific business context and objectives to tailor data analysis accordingly. They would also be required to leverage data analysis techniques to extract actionable insights from business data, and recommendations to support decision-making. They would lead data remediation efforts and participate in the preparation of reports to evaluate the health and governance of Compliance initiatives. This role will have significant exposure and correspondence with various compliance teams and will report to the Vice President of Regulatory Change Management.
Qualifications and Skills
Bachelors degree or equivalent required.
Required: 4+ years of specialized experience in Financial Services.
Preferred: Prior RCM, Compliance, or Risk experience.
MS Word, MS Excel, MS PowerPoint, Outlook, SharePoint
Experience in aggregating, analyzing, and interpreting unstructured data, and diligently working to building consensus with different stakeholders to drive decision making.
Strong technical skills in Excel and PowerBI. Prior process improvement and automation experience preferred.
Understanding of large and complex financial institutions, and their functions, including Risk Management, Compliance, Legal and Operations.
Advanced project management skills (including identification, tracking, reporting and analysis) experience in leading and program managing end-to end regulatory change management programs.
Strong organization and time management skills, with attention to detail.
Proven track record of managing high priority items in high pressure environments.
Excellent communication, analytical and writing skills. Strategic thinker; Team player and ability to work collaboratively.
MS Word, MS Excel, MS PowerPoint, Outlook, SharePoint
SMBCs 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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected].
Apply Now
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 organizations extensive global network. The Groups 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 $82,000.00 and $142,000.00. 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 Regulatory Associate works within the Business Data Management vertical of the Regulatory Change Management (RCM) Team to assist the compliance operations for gathering, structuring, analyzing relevant data from various sources, cleaning and structuring it to ensure accuracy for data analysis to maintain the Law, Rules, and Regulations (LRR) inventory, and connectivity with other Compliance pillars.
Role Objectives
The Regulatory Associate role works with teams across SMBC Americas Division Compliance department to coordinate business data management activities such as RCM LRR updates, reference data management, Risk Taxonomy mapping, vendor data management, cross-functional data consistency, and data quality checks. As a member of the Regulatory Change Management team, the Regulatory Associate will work in the capacity of Business Data Manager who will be responsible for managing Compliance data and assisting Compliance teams with data management initiatives.
Their primary duties include cleansing, analyzing, reconciling, and uplifting Compliance data to improve consistency and reduce inaccuracy. They would understand the specific business context and objectives to tailor data analysis accordingly. They would also be required to leverage data analysis techniques to extract actionable insights from business data, and recommendations to support decision-making. They would lead data remediation efforts and participate in the preparation of reports to evaluate the health and governance of Compliance initiatives. This role will have significant exposure and correspondence with various compliance teams and will report to the Vice President of Regulatory Change Management.
Qualifications and Skills
Bachelors degree or equivalent required.
Required: 4+ years of specialized experience in Financial Services.
Preferred: Prior RCM, Compliance, or Risk experience.
MS Word, MS Excel, MS PowerPoint, Outlook, SharePoint
Experience in aggregating, analyzing, and interpreting unstructured data, and diligently working to building consensus with different stakeholders to drive decision making.
Strong technical skills in Excel and PowerBI. Prior process improvement and automation experience preferred.
Understanding of large and complex financial institutions, and their functions, including Risk Management, Compliance, Legal and Operations.
Advanced project management skills (including identification, tracking, reporting and analysis) experience in leading and program managing end-to end regulatory change management programs.
Strong organization and time management skills, with attention to detail.
Proven track record of managing high priority items in high pressure environments.
Excellent communication, analytical and writing skills. Strategic thinker; Team player and ability to work collaboratively.
MS Word, MS Excel, MS PowerPoint, Outlook, SharePoint
SMBCs 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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected].
Apply Now