Regulatory Reporting - Associate Job at Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation Jersey City, NJ 07311
$78,000 - $124,000 a year
Overview:
The firm is going through a multi-year Regulatory Reporting Transformation program and this position reports into the Vice-President of FR2052a Governance and Change Management team and will work with other teams within the Data and Technology Departments to carry out the regulatory reporting automation within FAD Controllers to ensure that the data is sourced with granularity, robust data governance and exception management processes, as well as communicating/monitoring Risk and issues to management and other stakeholders.
The anticipated salary range for this role is between $78,000 and $124,000. 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. Responsibilities:
Sumitomo Mitsui Banking Corporation (“SMBC”) Group is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. SMBC is a core member of Sumitomo Mitsui Financial Group (“SMFG”), a Tokyo-based bank holding company that is ranked among the largest 25 banks globally by assets under management. SMBC Americas Division, with more than 3,000 employees, oversees operations in the US, Canada, Mexico, and South America.
The firm is going through a multi-year Regulatory Reporting Transformation program and this position reports into the Vice-President of FR2052a Governance and Change Management team and will work with other teams within the Data and Technology Departments to carry out the regulatory reporting automation within FAD Controllers to ensure that the data is sourced with granularity, robust data governance and exception management processes, as well as communicating/monitoring Risk and issues to management and other stakeholders.
The anticipated salary range for this role is between $78,000 and $124,000. 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.
- Lead the FR2052a change the bank initiatives
- Coordinate and monitor the status of all CTB deliverables
- Partners with senior members of the Regulatory Reporting Department, supports FR2052a analytics process
- Meet with business stakeholders and other technical team members to gather analyze the data requirements
- Participates and represents FR2052a reporting team in bank examinations and internal and external audits
- Provides guidance and training to the new staff related to FR2052a governance.
- Responsible for updating the policy and procedures
- Participate in DQIM, QA findings remediation and CTB User Acceptance Testing (UAT)
- Conducts research and remains current on relevant industry initiatives, regulatory report changes that impact the Bank's reporting
- Supports all FR2052a ad hoc projects and change process testing for the report
- Ability to communicate technical information to Business and Technology partners
- Functional knowledge of FRB regulatory reporting, especially on FR2052a
- Knowledge of major financial products, including derivatives
- Working knowledge of the Banking businesses and the related financials
- Ability to develop and manage relationships with regulators
- Strong analytical and problem-solving skills; high level of deadline-driven sense of urgency; attention to details, accuracy and accountability
- Prior experience working in a financial institution is preferred
- Project management experience a plus
- Strategic thinking, strong analytical & problem-solving skills - excellent attention to detail
- Strong communication skills, both written and oral
- Team player with a strong sense of ownership and accountability
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