Auditor - Compliance - SMBC
New York, NY 10172
About the Job
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 $85,000.00 and $130,000.00. 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 Compliance Senior Auditor with 3 to 5 years’ compliance audit experience in the banking & finance industry to work within the Internal Audit Department (IAD).
The Senior Auditor will participate in the execution of compliance-related internal audits of various complexities and perform audit work in accordance with IIA standards and IAD policies and procedures.
Role Requirements
- Execute audit work as assigned including planning, testing, issue identification and escalation, issue writing, and report writing.
- Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results, and corrective measures.
- As needed, 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 AD business heads, external auditors, and regulators.
Qualifications and Skills
- Minimum of 3 - 5 years compliance internal audit experience in the banking and finance industry.
- Working knowledge of corporate compliance topics in banking /finance /capital markets.
- Subject matter experience in banking/finance laws, rules, and regulations including FRB, CFPB, FINRA, SEC, CFTC, NFA, and NYDFS a plus.
- Understanding of applicable financial products for Corporate Banking /Investment Banking /Broker Dealers / Swap Dealers/ Retail Banking.
- Understanding of audit techniques, internal controls, and workpaper standards.
- Excellent communication, presentation and professional skills including the ability to interact effectively at all levels within the organization.
- Bachelor’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.
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.
