Regulatory Reporting Associate

SMBC
US - New Jersey - Jersey City
June 28, 2024

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 Rail Services LLC, Manufacturers Bank, 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 $78,000.00 and $124,000.00. 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

SMBC is seeking a self -motivated and diligent professional for the associate position within the Controllers - Regulatory Reporting Analysis Group. The primary responsibility and role will entail the maintenance and report preparation of Nikko SI regulatory reports. This will mainly involve the preparation and report submission of FOCUS, Supplemental Inventory Schedule, SSOI, OBS, TIC B, SIPC 6, SIPC 7 & FR2004 regulatory reports.

Responsibilities

Assist in the preparation of the quarterly regulatory reports

Perform and own the daily calculations required for the population of the balances reported in the Broker Dealer.

Assist in maintaining proper controls and documentation associated with regulatory reporting

Perform reconciliation of reported balances against the general ledger, across products, other regulatory reports and schedules.

Participate in regulatory examinations, internal and external audits

Assist in the automation of SMBC Nikko related regulatory reports into Axiom.

Assist in defining business requirements for report enhancements and its documentation

Qualifications and Skills

Bachelor's Degree in Accounting or Finance

Minimum of 1 to 2 years in related professional experience in regulatory reporting

Familiar with US GAAP and regulatory reporting concepts and practices

Experience with financial database query tools (SQL, Business Objects, Alteryx)

Proficient with MS Excel & MS Access

Familiar with regulatory reporting tools and systems such as AxiomSL, Reg Reporter or Agile Reporter

Familiarity with financial products (e.g. derivatives, securities, loan, repo etc.)

Good analytical, organizational and communication skills

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.

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 ***.

Read the full job description and apply online on the recuiter's web-site

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