Job Description
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 $163,000.00 and $250,000.00. 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 Director, Sr. Regulatory Officer works with the Regulatory Relations team to implement and execute SMBC’s regulatory engagement framework and strategy relating to its supervisory and prudential regulators. This role reports to the Head of Regulatory Relations.
Role Objectives
Serve as the primary Regulatory Relations liaison for high priority engagements including management of complex regulatory examinations and inquiries.
Advise and support regulatory interactions for the first and second lines of defense on IT, cybersecurity, and technology risk management topics, including leading preparations for various exams.
Synthesize regulator expectations and stakeholder information to provide feedback on regulatory examinations, responses and engagements. Engage in effective review and challenge.
Assist in the preparation of responses to regulatory requests, supervisory letters and meeting materials by advising on regulatory requirements and expectations and conducting due diligence reviews before submission
Provide strategic guidance and regular updates to senior management regarding significant matters being handled, including but not limited to the timely escalation and resolution of issues.
Actively engage with regulators to enhance the firm’s relationships. Maintain frequent communication with regulators and promptly shares feedback to management and relevant business units on regulatory expectations.
Oversee compliance and alignment of team member activities with all strategic directives.
Contribute to and support SMBC’s regulatory priorities and strategies including a proactive, strategic and holistic approach to regulatory examinations and routine continuous monitoring.
Qualifications and Skills
Bachelor’s degree or equivalent required. Graduate law or business degree preferred.
At least 10 years of financial services experience at a regulator, bank or law firm. Prior experience with financial services regulator or completion of examiner commissioning program strongly preferred.
Comprehensive knowledge of financial services supervisory and regulatory environment including familiarity in financial services risk management. Expertise in model risk, credit risk, market risk, liquidity risk and or operational risk management expertise is a plus.
Strong examination management, project management, and relationship management skills supporting examinations and regulatory projects.
Attention to detail with ability to manage multiple priorities, complete work accurately and in a timely manner against strict deadlines.
Strong analytical skills and solid judgment; an ability to identify and evaluate regulatory and business issues.
Excellent communication skills.
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.
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].
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 $163,000.00 and $250,000.00. 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 Director, Sr. Regulatory Officer works with the Regulatory Relations team to implement and execute SMBC’s regulatory engagement framework and strategy relating to its supervisory and prudential regulators. This role reports to the Head of Regulatory Relations.
Role Objectives
Serve as the primary Regulatory Relations liaison for high priority engagements including management of complex regulatory examinations and inquiries.
Advise and support regulatory interactions for the first and second lines of defense on IT, cybersecurity, and technology risk management topics, including leading preparations for various exams.
Synthesize regulator expectations and stakeholder information to provide feedback on regulatory examinations, responses and engagements. Engage in effective review and challenge.
Assist in the preparation of responses to regulatory requests, supervisory letters and meeting materials by advising on regulatory requirements and expectations and conducting due diligence reviews before submission
Provide strategic guidance and regular updates to senior management regarding significant matters being handled, including but not limited to the timely escalation and resolution of issues.
Actively engage with regulators to enhance the firm’s relationships. Maintain frequent communication with regulators and promptly shares feedback to management and relevant business units on regulatory expectations.
Oversee compliance and alignment of team member activities with all strategic directives.
Contribute to and support SMBC’s regulatory priorities and strategies including a proactive, strategic and holistic approach to regulatory examinations and routine continuous monitoring.
Qualifications and Skills
Bachelor’s degree or equivalent required. Graduate law or business degree preferred.
At least 10 years of financial services experience at a regulator, bank or law firm. Prior experience with financial services regulator or completion of examiner commissioning program strongly preferred.
Comprehensive knowledge of financial services supervisory and regulatory environment including familiarity in financial services risk management. Expertise in model risk, credit risk, market risk, liquidity risk and or operational risk management expertise is a plus.
Strong examination management, project management, and relationship management skills supporting examinations and regulatory projects.
Attention to detail with ability to manage multiple priorities, complete work accurately and in a timely manner against strict deadlines.
Strong analytical skills and solid judgment; an ability to identify and evaluate regulatory and business issues.
Excellent communication skills.
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.
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].
💡 Quick Summary
Seeking a career-building opportunity? The Director, Senior Regulatory Officer (Cyber, IT, Technology Coverage) position is now open for candidates interested in the Bank Jobs sector. This role in New York offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
