Purpose of the Position

Reporting to the Director, Regulatory Governance (“Director”), the Vice-President, Corporate Compliance Advisory (“VP”) works closely with other Corporate Compliance team members with respect to management and execution of the Canada Branch Compliance Risk Management (CRM) Program (CRM Program) and executes or supports other compliance advisory and operational activities.

The incumbent will be responsible for managing Corporate Compliance operations, including developing annual plan, project and related change management and calendar management.

The incumbent is responsible for a variety of  CRM Program related activities including compliance inventory management, risk assessment, program reporting, policy and procedures management, issues management and training.

The incumbent will act as a regulatory specialist and compliance advisor with respect to key Canadian regulations such as the Canadian Bank Act, OSFI Guidelines and Privacy Act. This will include monitoring Canadian and international regulatory developments, researching/analyzing legal and regulatory topics to assist with Branch responses to regulatory changes and/or to support ongoing compliance risk management and to develop strategies to respond to evolving regulatory expectations.

Job Description

The VP will be responsible for a variety of activities including:

Corporate Compliance Operations: VP will manage the Corporate Compliance Department annual plan and calendar of activities and may assist with a variety of ongoing compliance administrative procedures including regulatory filings and registrations (e.g., OSFI, FCAC), completion of required provincial/business/corporate registrations, and compliance committee activities.

Leading CRM Program Execution: VP will lead the execution of CRM Program related activities, including:

Monitoring and responding to regulatory changes

Maintaining compliance regulations and controls libraries

Coordinating the execution of regulatory compliance risk assessments

Managing compliance issues and incidents

Planning and executing monitoring and testing activities

Preparing periodic (annual, quarterly, monthly) CRM Program reporting

Leading Compliance Projects: VP will design and execute various corporate compliance projects and action plans to: i) remediate any compliance issues owned by Corporate Compliance Department; ii) design and implement enhancements to the CRM Program and/or to individual second line control processes owned by the Corporate Compliance Department; and iii) respond to applicable regulatory changes.

Providing Advisory Counseling: VP will be responsible for providing subject matter expert support and advice to Canada Branch with respect to topics such as Bank Act, Privacy, OSFI Guidelines, conflicts of interest, confidential information, sales conduct, and other regulatory requirements and related compliance policies. VP will also be responsible to provide effective challenge and advisory support with respect to new products and business initiatives.

Policy & Procedures Management: VP will be responsible for overseeing the management of compliance related policies and procedures on behalf of Canada Branch, including acting as liaison with central policy management team and coordinating Canada Branch policy management activities.

Data Governance: VP will be responsible for overseeing and supporting key elements of compliance data governance at Canada Branch in conjunction with the Vice-President Compliance Analytics, including managing inventory of Corporate Compliance end-user computing assets, managing compliance metadata, and reporting database and supporting continuous improvement activities related to compliance data governance.

Role Objectives: Interpersonal

The VP will liaise with multiple internal and external stakeholders, including:

 

Internal:

 

Senior Management and Department Heads of Canada Branch Regional Office (Americas Division) Employees of Canada Branch

External:

Regulators, External Counsel Consultants

 

Qualifications and Skills

Education:

Bachelor’s degree (Required)
Bachelor of Laws (LLB) or Juris Doctor (JD) from a recognized Canadian law school, called to the Bar of Ontario, in good standing to practice law in Canada (Preferred)
Experience:

Minimum of three (3) years of experience in financial services compliance (Required)

Preferred Experience includes:

Two (2) years of progressive experience in a leading Canadian law firm, or as in-house counsel for a federally regulated financial institution.
Knowledge and experience in the operation of an international financial institution. Schedule III foreign bank branch (FBB) experience is an asset.
Experience in a major consulting firm with focus on governance, risk and compliance
Experience in drafting regulatory analysis, policy, and procedures.

Skills:

Requires drive for excellence and a strong commitment to building a leading practice corporate compliance program

Excellent organizational skills and an ability to manage multiple projects and priorities, while ensuring quality, resource, and time constraints are met.

Ability to work as member of team, including leading team activities/projects and supporting and mentoring other team members.

Outstanding problem-solving skills. Ability to analyze complex information to identify key issues and develop a plan to resolve.

Excellent relationship-building skills; ability to work with multiple stakeholders to build consensus and work towards solutions.

Excellent communicator with strong written and oral communication skills.

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive. We care about each other, reaching our potential, making a difference to our communities.

About SMBC

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 Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
 

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 SMBCCB_Accessibility_Canada@smbcgroup.com.
 

SMBC is an EO employer – M/F/Veteran/Disability