Regulatory Reporting Specialist - Associate - SMBC
Jersey City, NJ
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 $83,000.00 and $120,000.00. 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
Establish and maintain a system to produce financial statements prepared according to regulatory accounting requirements. Prepare other regulatory reporting including liquidity, leverage and capital adequacy, and associated stress testing.
Role Objectives: Delivery
Produce financial statements prepared according to regulatory accounting requirements such as call reporting, all associated call report schedules, and a reconciliation of RAP-GAAP differences. Prepare other regulatory reporting including liquidity (LCR & NSFR), leverage and capital adequacy, and associated stress testing.
Role Objectives: Interpersonal
Develop relationships throughout the firm especially with finance functions and legal counsel to improve workflows and reporting. Support new product development, ALM and risk management, and strategy setting in the development of necessary reporting and disclosures. Work cooperatively with other units such as IT to improve data gathering and reporting.
Role Objectives: Expertise
Demonstrate a basic knowledge of financial instruments and complex transactions to assist in drafting of regulatory reports. Develop an understanding of the business and associated transactions to help prepare compliant reporting. Utilize information technology to more efficiently gather data and create reporting. Communicate regulatory requirements and reporting effectively.
Qualifications and Skills
Recommended years of experience: 3
Additional Requirements
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.
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 $83,000.00 and $120,000.00. 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
Establish and maintain a system to produce financial statements prepared according to regulatory accounting requirements. Prepare other regulatory reporting including liquidity, leverage and capital adequacy, and associated stress testing.
Role Objectives: Delivery
Produce financial statements prepared according to regulatory accounting requirements such as call reporting, all associated call report schedules, and a reconciliation of RAP-GAAP differences. Prepare other regulatory reporting including liquidity (LCR & NSFR), leverage and capital adequacy, and associated stress testing.
Role Objectives: Interpersonal
Develop relationships throughout the firm especially with finance functions and legal counsel to improve workflows and reporting. Support new product development, ALM and risk management, and strategy setting in the development of necessary reporting and disclosures. Work cooperatively with other units such as IT to improve data gathering and reporting.
Role Objectives: Expertise
Demonstrate a basic knowledge of financial instruments and complex transactions to assist in drafting of regulatory reports. Develop an understanding of the business and associated transactions to help prepare compliant reporting. Utilize information technology to more efficiently gather data and create reporting. Communicate regulatory requirements and reporting effectively.
Qualifications and Skills
Recommended years of experience: 3
Additional Requirements
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.
Source : SMBC
