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 $123,000.00 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 Business Control Office (BCO) has the responsibility to ensure the implementation of consistent risk control frameworks and establishment of efficient risk controls across SMBC Group AD. The Control Design and Monitoring function is a central BCO function responsible for overall development and execution of 1st line control testing and monitoring program. The BCO Control Testing and Monitoring role will provide support in establishment of control monitoring routines and conduct control testing to maintain a strong control environment across Americas Division. The position requires effective interaction with various Business Units to gain an understanding of the current process and controls for control testing and monitoring and help remediate any gaps/ findings. This position will help enhance the controls through process deep dives, root cause analysis, developing process maps and overall assistance with the design and execution of control effectiveness assessments.

Responsibilities Review and evaluate internal key controls in Banking, Capital Markets and Sales and Trading risk areas to ensure compliance with internal policies and applicable rules, laws and regulations Develop Control Monitoring/ Testing routines with detailed documentation, walkthroughs, analysis and evaluation of the current processes Assess the effectiveness of the controls and make recommendations for enhancement and strengthening of the control environment  Prepare detailed work-papers and Monitoring results reports summarizing scope, methodology, and significant conclusions of testing/ monitoring performed within prescribed time frames Clearly communicate the Program requirements and the results with stakeholders and drive remediation where needed Assist in the reporting and tracking of identified issues and corrective action plans to validate remediation efforts. Perform deep dives of Front Office processes to identify areas of control weaknesses and process inefficiencies that may need enhancement. Qualifications 5+ year experience in Audit/ Operational Risk/ First Line Control Testing with strong understanding and knowledge of financial services industry including Corporate Lending, Capital Markets and Sales and Trading business. Detail oriented, with proven ability to question the status quo and apply risk management principles to enhance processes, as appropriate. Ability to document Control testing findings and perform trend analysis and report production. Expertise in control frameworks, control assessment and control monitoring programs. Expertise in process and control design, including process mapping and process reengineering. Exceptional communication (both written and verbal) and time management ability. Proactive self-starter with ability to prioritize efforts across multiple projects and manage competing deadlines. Experience interacting with senior management within a business environment. Strong critical thinking, analytical and organizational skills Expertise in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint) 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.