SPG, Broker-Dealer Private Side Compliance Advisory

Select how often (in days) to receive an alert:

Job Level: Executive Director

Location:

New York, NY, US, 10172

Employment Type:

Full Time

Requisition

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 $and $. 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.

The Compliance group within SMBC Nikko Securities Inc. serves as a regulatory advisory function to the President, is responsible for overseeing the management of the broker dealer s compliance risk and is represented by the Chief Compliance Officer as either a member or observer of various committees such as the New Product, Underwriting, Risk Management, Compliance, IT Risk and Training committees.

The Compliance Advisory Executive Director – SPG role manages a particular coverage area for Advisory Compliance, namely the Securitized Products Group (“SPG”). A successful candidate for the role must be a subject matter expert in securitized products and related topics, particularly from the Collateralized Loan Obligation (“CLO”) and Asset-Backed Securities (“ABS”) structuring, origination, underwriting and syndication perspective, and must understand and be prepared to participate in advising on related topics such as CLO warehousing, asset-backed lending, lender finance, middle market fund financing and securitization vehicles across the spectrum including students loans, commercial and residential mortgages and autos, and related products.

Deep knowledge of the regulatory, legal and policy rules and standards for these areas is a prerequisite. Successful candidates must be adept in and lead the development and oversight of policies and procedures, written supervisory procedures and management reporting related to these business areas, as well as participate in and lead various compliance projects and related projects with compliance application to SPG and to the broader private side of the firm.

The primary focus of the role is on day-to-day advisory work with SPG on rules, regulations, policies and procedures and reputational matters impacting the group and its members. The ability to develop a collaborative and supportive relationship as a trusted advisor to SPG while conveying the firm’s compliance culture and performing a “second line of defense” function to manage risk for the firm is essential.

This position reports directly to the Head of Private Side Compliance Advisory for SMBC Nikko Securities America, Inc.

• Provides regulatory and compliance advice, identifying training needs, preparing and…