Regulatory Reporting - Director

Regulatory Reporting - Director

The Director position is an integral member of the Regulatory Reporting Group which is a high-profile function that provides financial information to the Firm's regulators including the Federal Reserve Bank (FRB). This position will have a high level of visibility within the organization and will work directly with other groups including Internal Audit, Treasury, Risk, Controllers, Policy, IT, and data governance functions. Core responsibilities include the production of high quality financial regulatory reports and development of a control framework to mitigate risk, enhance the accuracy of regulatory reporting, and ensure compliance to applicable US regulatory reporting requirements.

The role is responsible for ensuring a sound regulatory reporting function under a strong internal control framework while ensuring proper compliance to various regulatory reporting standards from supervisory agencies. This position will act as a subject matter expert, articulate goals and objectives, and ensure an internal control framework is in place to support effective controls.

Responsibilities include :

• Lead and participate in the review of multiple regulatory filings such as FR Y-15, FFIEC 009, FFIEC 019, FR 2004, TIC and other US Regulatory Reports.
• Lead in-depth analysis of variances focusing on products including loans, deposits, derivatives, and securities, incorporating regulatory reporting requirements in order to communicate results to Senior Management and US Regulatory Agencies.
• Exceptional verbal and written presentation skills to communicate complex concepts clearly and effectively with Senior Management, Regulatory Agencies and Auditors.
• Drive re-engineering and process efficiencies to strengthen controls and improve reporting accuracy.
• Keep abreast of industry, regulatory and accounting developments to support the team's Regulatory Reporting technical development.
• Manage, train, mentor and evaluate assigned staff.
• Continue to improve the process control effectiveness of the CUSO regulatory reports.
• Ensure accurate and timely completion of all regulatory reports.
• Support / participate in regulatory reporting examinations, internal and external audits.

Qualifications and skills include :

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 .