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 $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 Regulatory Officer works with the Regulatory Change Management Team as a Subject Matter Expert to assist with identification of regulatory change applicability of new or changes to existing laws, rules, regulations or material regulatory guidance and matters related to overseeing timely implementation for SMBC.

Role Objectives

The Regulatory Officer role works with departments across SMBC Americas Division to coordinate Regulatory Change Management Group matters. As a member of the Regulatory Change Management team, the Regulatory Officer II will work in the capacity of a subject matter expert who will be responsible for identifying, analyzing, and overseeing the timely implementation of new or changes to existing laws, rules, regulations or material regulatory guidance (regulatory changes).

 

Their primary duties include covering applicability analysis, preliminary impact assessment, routing, action plan tracking, policy and procedure maintenance, and drafting a weekly digest of laws, rules, and regulations. They would also participate in the preparation of key metrics to evaluate the health and governance of RCM initiative. They will have significant exposure and correspondence with the stakeholder SMEs across the bank and will report to the Director of Regulatory Change Management.

Qualifications and Skills Bachelor’s degree or equivalent required. Graduate business degree or J.D. Degree preferred. Former regulator, compliance, and/or attorney/legal background. Established relationships with industry and regulators preferred. Comprehensive knowledge of regulatory environment, including demonstrated knowledge of federal and state banking laws and regulations (e.g., Federal Reserve Bank, NYDFS, FDIC, OCC, CFTC, NFA, FINRA, SEC, MSRB). Experience working with regulators, specialized regulatory consulting firms or law firms. Experience in analyzing and interpreting laws, rules, regulations and regulatory guidance related to bank holding companies and foreign banking organizations in the US, as well as their related business impacts. Understanding of large and complex financial institutions, and their functions, including Risk Management, Compliance, Legal and Operations. Strong organization and time management skills, with attention to detail. Proven track record of managing high priority items in high pressure environments. Advanced project management skills (including identification, tracking, reporting and analysis) experience in leading and program managing end-to end regulatory change management programs. Excellent communication, analytical and writing skills. Strategic thinker; Team player and ability to work collaboratively. 4-7 years of specialized experience in Financial Services 4+ years of experience within Banking or Financial Services Regulatory Compliance, Governance, Legal, or related department, preferably with a foreign banking institution (FBO/IHC/BHC) doing business in the U.S. Required: BA / BS Preferred: MA / MS / MBA / Law / JD / Master’s degree is desired MS Word, MS Excel, MS PowerPoint, Outlook, Lotus Notes, SharePoint
  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.

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.