Fixed Income Compliance Officer - SMBC

Role Description

The Advisory Compliance team serves as a regulatory advisory function and is responsible for overseeing the management of the broker dealer's compliance risk, and is represented by the Chief Compliance Officer as either a member or observer of various committees such as the New Product, Underwriting, Risk Management, Compliance, and Training committees. 

The Senior Compliance Officer role may manage a coverage area or process with a large amount of independence. Incumbents are typically referred to as subject matter experts and known internally and externally as a reliable, knowledgeable resource. Incumbents may develop and exercise business plans, policies and procedures, as well as oversees various assigned projects to improve efficiencies. Individuals at this level have a clear understanding of the firm's different businesses and the related economics. Primary focus of role is on day-to-day advisory and monitoring, although roles also contribute to strategic planning within area of expertise.

Role Objectives

• Responsible for providing regulatory and compliance advice to business units, identify and provide training and conduct monitoring of the broker dealers public side sales and trading groups with a focus on all Fixed Income activities including Primary Dealer and fixed income futures activity. 
• Provides advice on regulatory and compliance requirements to business unit management and staff so that they may conduct their business in conformance with regulatory requirements. 
• Advises and provides regulatory guidance on establishing a reasonably designed supervisory system including to create and update written supervisory procedures. 
• Monitors and provides updates on regulatory changes and supports implementation of new / amended regulatory requirements.
• Conducts monthly meetings with business unit management to proactively identify emerging business issues and discuss related or new regulatory requirements. 
• Proactively engages with Compliance, Legal and control function colleagues to enhance the overall Compliance program. 
• Escalates regulatory concerns and other significant matters to their manager and ongoing support as necessary for matters requiring escalation.
• Interfaces with regulators and Internal Audit during compliance related examinations / audits related to coverage area. 
• Research and drafts responses to regulatory inquiries. 
• Advises on the maintenance of internal policies and procedures with focus on current compliance framework as reference point. 
• Coordinate with affiliates to address cross border issues, reporting requests and special projects. 
• Seeks operational efficiencies and automation of processes to reduce risk of manual processes. 
• Create and deliver compliance training by drafting appropriate training materials and conducting trainings
• Leads / Contributes to various reporting requirements and other ad hoc investigations. 
• Work with Global Advisory team and other legal entities in the Americas to lead a coordinated effort throughout the organization.
• Collaborates closely with Compliance team and other supports units to help create and maintain best practice across the Firm.
• Plays a key role in the Compliance risk assessment exercise.

Qualifications and Skills

• Extensive Compliance Advisory experience at a broker dealer covering fixed income and/or fixed income futures activities.
• Strong knowledge in US securities laws, rules and regulations and broker dealer fixed income operations including TRACE reporting, Primary Dealer and fixed income futures activity.
• Understanding of the products, services and business of Nikko and affiliates, such as U.S. Treasury. Securities, Repo, Corporate Bonds, and Securitized Products, as well as associated derivatives and futures. 
• Experience dealing with U.S. financial regulators, including the Federal Reserve, SEC/FINRA, and CFTC/NFA.
• Excellent written and oral communication skills, particularly with respect to communicating technical subject matter.
• Ability to manage multiple assignments and build consensus among stakeholders.
• Must be well organized with prioritization and project management skills on a global scale.
• Attention to detail and discipline to follow up on issues until resolved.
• 10+ years of regulatory compliance experience at a broker dealer. BA/BS required. Series 7, 24, 79 a plus.

Additional Requirements

• D&I Commitment

• Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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