Job Description
Full 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 $145,000.00 and $185,000.00. 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
SMBC is seeking an experienced Audit Vice President with a minimum of 7 years’ experience working in the banking & financial services industryas an internal and/or external auditor specifically to lead audit coverage of CFO fucntion within Internal Audit Department (IAD). The ideal candidate will be responsible for leading financial and regulatory reporting audits as an Auditor In Charge, ensuring work is performed in accordance with IIA standards and IAD policies and procedures, and supporting the team.
Role Responsibilities
Lead and effectively execute high quality and risk based audits of accounting, financial and regulatory reporting function which involves extensive knowledge over US GAAP and FRB/FDIC regulatory reporting requirments.
Direct and supervise audit from inception to completion including planning, testing, issue identification, workpaper review and reporting.
Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results and corrective measure
Provide support, coaching, and feedback to audit team which may include internal or co-sourced internal audit professionals.
Assist with the delivery and execution of IAD's broader audit plan and assurance responsibilities.
Participate in quarterly and annual continuous monitoring / risk assessment process to identify business trends and changes in the business risk profile.
Assist with special projects related to business process improvements or departmental strategic initiatives.
Track and validate closure of issues raised by the department and regulators.
Develop, promote and maintain a collaborative and strong working relationship with SMBC business and functional heads, external auditors, and regulators.
Qualifications and Skills
Minimum of 7 years internal and external audit experience in the banking and financial services industry covering accounting, financial reporting and regulatory reporting.
Strong working knowledge of financial and regulatory reporting and banking / capital markets products. US GAAP / JGAAP knowledge a plus.
Understanding of applicable regulatory standards / guidance for a Bank Holding Company / Broker Dealers. (i.e. strong knowledge of key regulatory reports including FR Y-9C, FR Y-14, FR Y-15, FFIEC 002 and FR 2052a, as well as regulatory capital and credit RWA calculations).
Excellent verbal, written, and communication skills, including the ability to interact effectively at all levels within the organization.
Understanding of audit techniques, internal controls, and workpaper standards.
Bachelor’s or Master's degree in Accounting, Finance, or related field.
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 accommodations@smbcgroup.com.
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 $145,000.00 and $185,000.00. 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
SMBC is seeking an experienced Audit Vice President with a minimum of 7 years’ experience working in the banking & financial services industryas an internal and/or external auditor specifically to lead audit coverage of CFO fucntion within Internal Audit Department (IAD). The ideal candidate will be responsible for leading financial and regulatory reporting audits as an Auditor In Charge, ensuring work is performed in accordance with IIA standards and IAD policies and procedures, and supporting the team.
Role Responsibilities
Lead and effectively execute high quality and risk based audits of accounting, financial and regulatory reporting function which involves extensive knowledge over US GAAP and FRB/FDIC regulatory reporting requirments.
Direct and supervise audit from inception to completion including planning, testing, issue identification, workpaper review and reporting.
Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results and corrective measure
Provide support, coaching, and feedback to audit team which may include internal or co-sourced internal audit professionals.
Assist with the delivery and execution of IAD's broader audit plan and assurance responsibilities.
Participate in quarterly and annual continuous monitoring / risk assessment process to identify business trends and changes in the business risk profile.
Assist with special projects related to business process improvements or departmental strategic initiatives.
Track and validate closure of issues raised by the department and regulators.
Develop, promote and maintain a collaborative and strong working relationship with SMBC business and functional heads, external auditors, and regulators.
Qualifications and Skills
Minimum of 7 years internal and external audit experience in the banking and financial services industry covering accounting, financial reporting and regulatory reporting.
Strong working knowledge of financial and regulatory reporting and banking / capital markets products. US GAAP / JGAAP knowledge a plus.
Understanding of applicable regulatory standards / guidance for a Bank Holding Company / Broker Dealers. (i.e. strong knowledge of key regulatory reports including FR Y-9C, FR Y-14, FR Y-15, FFIEC 002 and FR 2052a, as well as regulatory capital and credit RWA calculations).
Excellent verbal, written, and communication skills, including the ability to interact effectively at all levels within the organization.
Understanding of audit techniques, internal controls, and workpaper standards.
Bachelor’s or Master's degree in Accounting, Finance, or related field.
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 accommodations@smbcgroup.com.
💡 Quick Summary
Seeking a career-building opportunity? The Financial and Regulatory Reporting Audit Vice President position is now open for candidates interested in the Accountant Jobs sector. This role in New York City 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 Accountant Jobs is a plus.
