Director of Regulatory Policy

Director Of Regulatory Policy

As a Regulatory Policy Director at SMBC you will be the authoritative source on the application and interpretation of prudential regulatory requirements (capital, RWA, leverage, large exposures & liquidity). You will work within the Accounting and Regulatory Policy team, collaborating closely with key stakeholders including Regulatory Reporting, Treasury, Business Units, and the Head Office in Japan.

You will have opportunities to engage with senior leadership, presenting regulatory interpretations and judgments for approval, and working with business units to evaluate the impact of new products or specific transactions.

The ideal candidate will have strong knowledge of U.S. GAAP, U.S. Regulatory Rules as well as the BCBS Regulatory Rules, with a proven record of interpreting regulatory rule requirements, and their applicability to the local business. Ideally, the candidate will have experience working with a regulator, lobbying body, or in a similar role within another banking organization. The candidate will have excellent verbal and written communication skills, be comfortable communicating with colleagues both within and outside the team and have an ability to influence senior levels.

The Regulatory Policy Director will mainly support regulatory reporting stakeholders by providing regulatory reporting advice, issuing policy interpretation and guidelines on technical regulatory issues involving our New York Branch, Bank Holding Company, broker / dealer, swap dealer and other affiliates. This role will report to the Head of Accounting & Regulatory Policy. This is a hybrid role, currently requiring in-office presence twice per week.

Policy Issuance & Advocacy

• Develop and maintain Regulatory Reporting Policies by drafting, reviewing, analyzing, and presenting key rules and interpretations.
• Assess the need for new policies in response to evolving regulations, including Basel III Endgame.
• Provide technical expertise to draft comment letters on proposed regulatory changes.
• Engage with regulatory bodies such as the Federal Reserve, FINRA, NFA, and FDIC on technical reporting matters.
• Participate in industry forums to discuss capital, liquidity, and other regulatory topics.

Technical Advisory & Product Analysis

Change Management & Implementation

Bachelor's degree (preferably in Finance, Accounting or Business).

10 years of regulatory reporting, or policy advisory experience (preferred) in the banking industry.

Strong research skills, analytical skills, business writing and presentation skills.

Strong knowledge of regulatory capital requirements, including Credit Risk and Market Risk, net capital calculation.

Good communication skills, both written and oral, to discuss relevant and complex topics with senior management or key stakeholders.

Good understanding of US GAAP, US regulatory rules, as well as BCBS regulatory rules.

Knowledge of JFSA capital rules is a plus.

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.