Head of Compliance Policies - SMBC
Jersey City, NJ 07311
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 $213,000.00 and $270,000.00. 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
We are seeking a dynamic and experienced individual to lead our SMBC Americas Division Compliance Policies Team. As the Head of Compliance Policies, you will play a critical role in developing and implementing a comprehensive framework for policy governance, ensuring our policies meet the highest standards of compliance. Your expertise in drafting and refining compliance policies will be instrumental in fostering a robust compliance culture within our organization.
Role Objectives
- Oversee a governance process for policy creation, approvals, standardization, and periodic reviews.
- Manage team responsible for maintaining and updating Compliance policies and procedures.
- Conduct annual evaluations of current policies, investigate deficiencies, and implement necessary updates.
- Collaborate with subject matter experts to identify and establish new policies, ensuring they are accurate, compliant, and relevant.
- Maintain a comprehensive inventory of policies for SMBC Americas, ensuring accessible and accurate information.
- Maintain and enhance the Policy Management system, ensuring that it meets industry best practice and standards. Manage the creation and distribution of compliance-related communications and training materials, including Compliance Policy Alerts, to inform employees of key policies and changes.
- Partner with the training team to identify and address ongoing training needs related to specific policies, ensuring all employees are well-versed in compliance requirements.
- Advise and work with the Regulatory Change Management team when regulatory developments require new or revised policies.
Qualifications and Skills
- Minimum of 12 years in a financial services environment.
- Bachelor’s degree required, with advanced degrees in law or related fields desirable.
- Strong communication, leadership, and relationship-building skills, with the ability to foster consensus and influence others in dynamic environments.
- Excellent project management skills to effectively handle multiple priority projects simultaneously with urgency.
- Knowledge of banking laws and regulations, with strong analytical and reasoning skills.
- Attention to detail, strong oral and written communication skills, and resourcefulness.
- Sound judgment in handling complex, highly confidential matters with integrity and professionalism.
- Ability to provide thought leadership and subject matter expertise on compliance issues.
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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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.
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.
