Swap Dealer 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 $163,000.00 and $250,000.00. 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

As a Swap Dealer Compliance - Director, you will serve as a key advisor to our derivatives business, guiding them through the complex regulatory landscape, including Title VII of the Dodd-Frank Act. Working hand-in-hand with business partners and internal stakeholders, you will provide comprehensive coverage and real-time guidance on compliance matters.

The ideal candidate possesses a deep, commanding knowledge of the regulatory framework governing swap dealers and security-based swap dealers, particularly regarding governance, business conduct standards, and risk-management programs. In this highly collaborative role, you will partner across Legal, Risk, Operations, Technology, the Front Office, and Internal Audit to champion and maintain a robust, best-in-class Compliance Program.

Role Objectives

• Provide Strategic Guidance: Deliver real-time, actionable advice to the business and other control functions regarding swap and security-based swap regulatory requirements. Provide proactive advisory support for business-driven projects.
• Regulatory Monitoring: Track, evaluate, and provide clear guidance on the implementation of proposed and final rules issued by the CFTC, SEC, and NFA.
• Risk Mitigation & Oversight: Oversee and credibly challenge the mitigation and timely remediation of compliance-related issues, deficiencies, and regulatory matters.
• Process Improvement: Proactively identify and recommend opportunities to optimize the processes and controls that support the overall compliance program.
• Exam Management: Support the coordination of compliance-related regulatory examinations and help craft thorough responses to regulatory inquiries.
• Training & Development: Develop, maintain, and deliver impactful training programs focused on Compliance policies and relevant regulatory requirements.
• Industry Engagement: Actively participate in industry groups to maintain a cutting-edge understanding of regulatory developments and industry best practices.
• Cross-Functional Collaboration: Coordinate with Legal, Compliance, and other control groups (including Operations, Finance, Risk, and Internal Audit) to prevent and detect violations while actively promoting a strong culture of compliance.

Qualifications and Skills

Experience & Education:

• 7+ years of relevant Compliance experience.
• BA/BS degree required; JD is a strong plus.

Technical Expertise:

• Subject matter expertise in the laws, rules, and regulations pertaining to CFTC-regulated swap dealers and SEC-regulated security-based swap dealers.
• Strong working knowledge of swaps, security-based swaps, and other derivative products.

Professional Skills:

• Proven ability to manage multiple assignments simultaneously and build consensus among diverse stakeholders.
• Exceptional analytical skills with the ability to distill complex situations into clear, decisive guidance in time-sensitive environments.
• Meticulous attention to detail and the discipline to follow up on issues through to complete resolution.
• Highly organized with demonstrated project management skills.
• Self-motivated with the ability to thrive both independently and collaboratively within a team environment.

#LI-RCH

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].