Vice President - Regulatory Reporting Change Management

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., 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 $172,994.00 and $186,000.00. 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 Objectives

- Design and implement new and enhanced regulatory reports for SMBC Bank to ensure compliance with Federal Reserve reporting requirements applicable to the bank's regulatory category.

- Support daily, quarterly, and annual reporting obligations and implement functionalities necessary to meet evolving regulatory reporting requirements. Identify key data elements for products reported in regulatory filings.

- Work with business stakeholders across Risk, Data, Compliance, and Finance functions to gather requirements, perform business and data analysis, and support the implementation of U.S. regulatory reporting initiatives.

- Develop a thorough understanding of the bank's products and their reporting classifications and conduct traceability mapping and requirements analysis among regulations, business rules, requirements, and technical solutions to provide an auditable framework for regulatory compliance.

- Create mapping and gap analysis documentation for financial products by working closely with source system owners to identify and document regulatory reporting data requirements.

- Evaluate and prioritize change requests, defect remediation efforts, and project estimates throughout the project lifecycle. Identify process gaps, redesign business processes to address deficiencies, propose application designs, and participate in the review and approval of system architecture for new regulatory reporting solutions.

- Work with various SMBC Bank subsidiaries to collect, analyze, and reconcile financial data related to loans, deposits, derivatives, securities, and other financial products in support of Bank Holding Company (BHC) and CUSO-level regulatory reporting.

- Partner with Risk and Compliance teams to gather requirements, perform analysis, and deliver regulatory reporting solutions.

- Evaluate and implement data integration and transformation methodologies to support the development of regulatory reports using the bank's analytical framework and risk management practices. Participate in Unit Testing and User Acceptance Testing (UAT) to validate regulatory reporting solutions and ensure report accuracy.

- Conduct detailed validation and reconciliation of AXIOM regulatory reports to verify calculation logic, data integrity, and model outputs.

*100% remote work permitted.

Qualifications and Skills

- Bachelor’s degree in computer science, electronics engineering, or a related field plus 7 years of progressively responsible experience.

- Experience must include the following: AXIOM; PL/SQL; system or data implementation projects; project delivery activities across the Systems Development Life Cycle (SDLC), including business and data requirements gathering, systems analysis, technical design, data mapping, quality assurance and testing, and project management; and regulatory reporting implementation and automation projects.

- The required skills do not need to be maintained over the full term of required experience.

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].