Associate broker - dealer private compliance

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 $82,000.00 and $140,000.00. 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

The Compliance group within SMBC Nikko Securities Inc. serves as a regulatory advisory function to the President 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, IT Risk and Training committees.

The Compliance Advisory Associate role assists in managing coverage areas or processes under the oversight of one or more senior team members. Incumbents are typically developing 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 oversee various assigned projects to improve efficiencies.

Individual Associates at this level have a developing understanding of the firm's different businesses and the related economics. Primary focus of role is on day-to-day advisory and monitoring, although role also supports strategic planning within area of coverage.

Reports to a senior member of Private Side Compliance Advisory for SMBC Nikko Securities Inc.

Role Objectives

• Assists in providing regulatory and compliance advice, identifying training needs, preparing and providing training and conducting monitoring of relevant business units.

• Assists in providing advice on regulatory and compliance requirements to business unit staff so that they may conduct their business in conformance with regulatory requirements.
• Assists in providing regulatory guidance on establishing a reasonably designed supervisory system including to assist the front office in creating and updating written supervisory procedures.
• Participates along with senior team members in monthly meetings with business unit management to proactively identify emerging business issues and discuss related or new regulatory requirements.
• Supports interactions with regulators and Internal Audit during compliance-related examinations / audits related to coverage area.
• Advises business units on the maintenance of their policies and procedures with focus on current compliance framework as reference point.
• Coordinates and collaborates 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.
• Assists in providing training to covered business units.
• Contributes to various reporting requirements and other ad hoc reviews.
• Works closely with other supporting units to help create and maintain best practice across the Firm.

Qualifications and Skills

Critical Job Knowledge and Core Competencies/Skills:

• 4-7 years of regulatory and/or advisory compliance experience at a broker dealer.
• A solid foundation in US securities laws and regulations and broker dealer operations, products and services.
• Ability to communicate this knowledge and applicability to SMBC Nikko Securities Inc. and affiliate operations.
• Ability to manage multiple assignments and build consensus among stakeholders.
• Ability to translate technical subject matter and convey it in easily understandable components for the clients.
• Attention to detail and discipline to follow up on issues until resolved.
• Must be well organized with project management skills.
• BA/BS required. Series 7, 79 a plus.

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.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected].