Sales and Trading Audit Director

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 $190,000.00 and $225,000.00. 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.

Description
SMBC is seeking an experienced audit manager with a minimum of 10 years’ experience in the financial industry to lead audit coverage of Front Office and associated support functions including Sales, Trading, risk management and Operations within the Internal Audit Department.

The ideal candidate will be responsible for overseeing complex audits as an Auditor in Charge, ensuring work is performed in accordance with IIA standards and IAD policies and procedures, and supporting the Team Lead in the execution of their duties.

Responsibilities
Direct and supervise audit from inception to completion including planning, testing, issue identification, workpaper review and reporting.
Lead audit teams to execute high quality reviews within a prescribed timeframe.
Provide support, coaching, and feedback to audit team.
Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results and corrective measures.
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.
As needed, 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 key stakeholders.
Qualifications and Skills
Minimum of 10 years of audit experience in the in Audit, Risk, Business Control, Compliance, Finance in the financial industry.
Strong knowledge of securitized products (ECM, DCM, ABS and CLO)
Good understand of capital markets products (interest rate swaps, fixed income securities)
Good understanding of electronic trading
Experience related to auditing Capital Markets and Securities front office teams
Strong understanding of risk management framework for trading activities and securitized products
Knowledge of regulatory expectations related to market activities including Dodd Frank, Volcker and Trading supervision
Expert knowledge of audit techniques, risk, and internal controls assessment, and workpaper standards.
Strong data and analytical, problem-solving, project/program management skills.
Excellent written and verbal communication skills a must.
Highly resourceful with sense of detail and urgency, and ability to motivate others to deliver.
Strong leadership skills; able to gain respect and cooperation.
Proficient with Microsoft Word, Excel, Power Point, Visio, Power BI, Tableau
Bachelor’s degree in finance, economics, accounting, or related field. Advanced degree preferred.
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.

United States
New York
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