Regulatory Reporting Vice President - SMBC

Role Description

Responsible to assist in the development and implementation of an effective financial regulatory reporting control environment for SMBC Americas Holding’s Regulatory Reporting.  Responsibilities will span the maintenance of an internal control framework designed to mitigate risk, enhance the accuracy of regulatory reporting, and ensure the compliance to applicable US regulatory reporting requirements.

Reporting to the Director, Regulatory Reporting Control Governance Lead, of PDAD FAD Controllers, the VP will be responsible for the implementation of a dedicated function to manage the controls across all regulatory reports through a centralized process that serves all regulatory reporting teams.  The team will ensure a control discipline is applied with transparency of execution, decisions and implications to the regulatory reports.  The administration over the control framework will operate through a governance framework that will include a process runbook which will ensure there is a singular view of the state of regulatory reporting operations, single process of escalation and of audit and regulatory matters.

Role Objectives: Delivery

• Oversees the control governance over all daily, quarterly regulatory reporting processes via runbook management
  • Govern all areas of reg reporting operations
  • Make decisions based on control outcomes, ensuring engagement from all functional areas across SMBC, managing audit, ensuring documentation is up to audit quality, managing the team
  • Establish and manage the reg reporting runbook, monitor the execution and escalation of key issues via appropriate governance, perform post-mortem month end reviews, maintains the overall documentation of the control framework.  Bring people to account
• Manage and clear data exceptions, orphans, and data attestation programs
  • Core part of the control framework team responsible for designing and executing all data quality exceptions to ensure consistent data representation from source into the warehouse and the reporting tools as well as with financial statements produced by the Fin Acctg teams
  • Manage and prioritize efforts to clear data exceptions in partnership with data providers
  • Ensure data validation rules are effective through communication of requirements into technology and data operations as business and reporting requirements evolve
  • Act as 1LOD to determine in quality and timeliness of source delivery
  • Manage the data attestation program

Role Objectives: Interpersonal

• Manage and resolve reconciliations (with sources, with financial reporting)
  • Core part of the control framework responsible for designing and executing all reconciliations to ensure consistent data representation from source into the warehouse and the reporting tools as well as with financial statements produced by the fin accounting teams
  • Manage and prioritize efforts to automate reconciliations
  • Reconciliations would no longer be the responsibility of the reporting team(s)
  • Perform daily and monthly reconciliations at an entity level avoiding current duplicity that exists in the reporting area
  • Reconciliation differences would be adjusted for into the warehouse / reporting tool post reporting teams signoff(s) and in parallel work with the relevant GCs/NYB teams, JRIA and ICDAD to resolve and remediate with objective to minimize ongoing recurring recon issues
• Data Analytics / Business Intelligence
  • Manage the tactical reporting analytics to serve all reg rep operations through Alteryx and other end-user defined tools to ensure proper and consistent process and documentation
• Managing the overall training program across all reg rep including effectiveness measures
  • Pursue the roll out of the training program, manage the onboarding of consulting resources as necessary, manage the logistics within SMBC to ensure training is onboarded, manage training metrics, escalate as necessary for non-compliance

Role Objectives: Expertise

Qualifications and Skills

• Experience in establishing, implementing controls over fin rep and reg rep
• 7-10 years knowledge and experience in a reg control environment through managing change processes or through managing controls
• Strong knowledge on fin products such as derivatives, repo, securities, loans and leases
• Excellent verbal and written comm skills
• Knowledge of internal control frameworks

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.