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 $144,000.00 and $180,000.00. 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 Head of Quality Assurance is primarily responsible for ensuring that the Monitoring and Testing (M&T) and Compliance Risk Assessment teams execute their activities in alignment with the established program. This role requires a strong focus on governance to ensure that common standards and consistent practices are implemented across compliance testing disciplines and compliance risk assessments. 

Role Objectives Quality Assurance: Oversee and ensure all testing work papers and associated documentation are appropriately prepared to effectively communicate testing scope and results to senior management, Monitoring and Testing Management, and Compliance Risk Assessment teams.  Management Information System Reporting: Provide regular reporting to senior management and, where applicable, executive-level committees responsible for ensuring risk and compliance management.  Annual Monitoring and Testing Plans: Supervise the setup of Annual Monitoring and Testing Plans at the beginning of each fiscal year, ensuring subordinate staff document all Compliance Reviews in the CPAD Monitoring and Testing Central Repository. Ensure updates are reviewed and approved by appropriate personnel.  Issue Tracking: Manage the development and implementation of a CPAD Quality Assurance Issue Tracking process.  Policy and Procedure Review: Oversee the annual review of CPAD Quality Assurance policies and procedures to ensure compliance with Bank policies.  Management and Training of Staff: Lead the Quality Assurance Practices team, ensuring timely completion of QA activities. Develop and deliver internal training to address identified enhancement opportunities and ensure Testing Teams and Compliance Risk Assessment teams are current with best practices. 
  Qualifications and Skills Experience: General compliance and/or audit-related experience with a solid understanding of U.S. banking, broker-dealer, or swap dealer laws/regulations. A minimum of 3+ years of management experience is preferred.  Expertise in Standardization: Demonstrated ability to oversee and enforce consistent practices and common standards across compliance testing disciplines for financial entities within the Americas.  Work Ethic: Strong desire to deliver high-quality and meaningful work in a timely and efficient manner. Exhibits sound judgment, political astuteness, and cultural sensitivity.  Interpersonal Skills: Proven ability to successfully interface with diverse stakeholders and foster solid working relationships.  Compliance Risk Mindset: Ability to identify and address underlying risks and vulnerabilities effectively.  Technical Competence: Strong knowledge of applicable laws and regulations (e.g., banking, securities, and swap dealer) for quality assurance reviews in monitoring and testing.  Analytical Skills: Exceptional attention to detail with the ability to manage multiple assignments and adapt to changing priorities. 

This role offers the opportunity to work in a dynamic environment and lead a critical function that ensures adherence to regulatory standards and organizational excellence.

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. 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.

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.