Job Description

 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 $257,000.00 and $280,000.00. 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 successful candidate will serve as the Chief Compliance Officer (CCO) and be responsible for leading all components of the compliance program at an asset management firm in Manhattan, which engages in alternative asset management and corporate bond research. The firm is currently registered with New York State and will register with the U.S. Securities and Exchange Commission (SEC) in the near future.

The CCO will foster a culture of compliance and ensure local regulatory compliance requirements are met. Additionally, the CCO will be assigned tasks from the President & CEO as needed.

Role Objectives

• Develop and manage all components of the compliance program and operations for a New York State and SEC-registered investment adviser, ensuring activities are conducted in compliance with applicable regulatory requirements. This includes global policies, standards, processes, regulatory reporting, training, and maintenance of compliance manuals, policies, and procedures.

• Engage with and advise senior management and staff on all issues concerning U.S. compliance rules, regulations, and procedures.

• Develop and execute monitoring and testing of business activities, including the annual compliance program review, to ensure compliance with regulations and internal policies and procedures.

• Oversee the development and maintenance of trade compliance programs, policies, and automated systems, including for both personal trading and firm trading.

• Serve as the primary contact with regulators during exams and inquiries, managing all regulatory exams.

• Oversee the preparation and ongoing maintenance of all applicable regulatory registrations and filings (e.g. filing of Form ADV, etc.).

• Liaise with external legal counselors to provide ongoing advice in relation to implications of legislation and regulations affecting U.S. business activities.

• Liaise with and assist various non-U.S. affiliates from time to time on U.S. compliance matters with respect to their operations, or potential operations, in the U.S.

• Maintain a thorough understanding of state and federal securities rules and regulations governing the investment advisory industry through ongoing education and involvement with industry groups.

• Work closely with the President & CEO and related departments of SMBC Americas in New York as well as Sumitomo Mitsui DS Asset Management Company, Limited in Japan.

Qualifications and Skills

Education

• BA/BS degree (econ, CS, finance, or similar discipline preferred); MBA or JD preferred but not required.

Required Job Skills

• Candidates must pass 
  • Series 65, 
  • Series 66 and Series 7 combined, or 
  • Possess one of the following professional designations: CFA, CFP, CIC, ChFC, PFS, to become CCO at a New York State registered investment advisor.

Managerial skills

• Proficiency in Windows and Office software
• Knowledge of compliance in the areas of asset management and investment advisory

Experience 

• 15+ years of experience in risk, compliance, audit and/or relevant law with at least:
• 10+ years with a registered investment adviser.
• 5+ years of supervisory management experience.
• 5+ years of experience within a subsidiary/non-U.S. parent, global operating model.
• Direct experience managing regulatory exams (particularly SEC exams).
• Fund compliance experience (public and private).
• Strong working knowledge of the Investment Company Act of 1940 and registered funds.
• Working knowledge of Resolver or a similar GRC or Compliance Workflow solution strongly preferred but not required.
• Several years of successfully leading and managing engaged teams in fast paced environments.
• Travel
• Domestic and international travel may be required.

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 accommodations@smbcgroup.com.

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