Capital Markets Business Control Officer

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 $144,000.00 and $180,000.00. 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.

Job Summary

The SMBC Nikko Securities Inc., Capital Markets (CM) Business Control Officer (BCO) associate risk and control individual contributor. The BCO will assist the CM BCO lead on execution of the Business Control framework.

Scope

The SMBC Nikko Securities Inc., Capital Markets (CM) Business Control Officer is primarily an individual contributor. The SMBC Nikko Securities Inc.,Capital Markets (CM) BCO is responsible for assisting in the review of CM processes, risk & controls.

Primary Responsibilities

• Assist the CM BCO lead on assessment of process and controls effectiveness across the end-to-end transaction lifecycle.

• Assist in the build-out of the new Global Risk & Control (GRC) tool for the CM Businesses including updating processes, risk and controls and related attributes. Proactively manage assessment updates in a timely manner.

• Coordinate updates to reporting on Issues Management in alignment with newly created Issues Management forum requirements.

• Assist in the development and reporting of Key Risk Indicators. Provide reporting to various Risk and Control forums on monthly basis.

• Provide reporting updates on various control related initiatives to the Head and Vertical BCOs.

• Work with BCO Central Control testing teams on testing requirements. Liase with business on providing required support for testing.

• Assist with facilitating New Business workflows from a process, risk and control perspective in conjunction with business sponsors.

• Assist with investigation and remediation of operational risk incidents, including incident investigation and reporting, Root Cause Analysis and process/control improvement recommendations.

• Assist with building out the supervisory framework for business heads, including any necessary tools and infrastructure.

Critical Job Knowledge and Core Competencies/Skills

• Functional knowledge of capital markets-focused processes, risks and controls

• Functional knowledge of incident and issue management

• Functional knowledge of change management and process improvement best practices

• Functional knowledge of Operational Risk & Control Frameworks, with focus on Risk & Control Self-Assessment (RCSA) and control testing

• Functional knowledge for evaluating control design and operating effectiveness

Requirements

• Work Experience: 10+ years of specialized experience in Financial Services; 5 to 7 years of experience in a similar role in a Capital Markets function or a closely related area at a major global financial institution.

• Required Education: BA / BS

• Preferred Education: MA / MS / MBA in a relevant discipline (e.g., finance, accounting, mathematics, economics)

• Licenses / Certifications / Registrations: Securities Industry Essential (SIE) Exam and Series 7 preferred

• Business fluency in the following language(s): English

• Software Systems / Programming Languages : Expertise in Microsoft Office with focus on Excel and Visio required

• Percentage of Travel Required: 0-10%

Work Environment

SMBC's "5 Values" guide the overall culture of the work environment - Customer First; Proactive/Innovative; Speed; Quality; and Team SMBC. This job is performed in a secured bench seating office environment, using standard office equipment (i.e., desktops, phone, etc.) The role may regularly require long hours and occasional weekend work, as job duties and team priorities demand.

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

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 ***.