Regulatory Policy Vice President

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.

This role supports regulatory reporting stakeholders by providing regulatory reporting advice, issuing policy interpretation and guidelines on technical regulatory capital issues involving our New York Branch, Bank Holding Company, broker-dealer and other affiliates. This is a hybrid role, with current expectation to work in the office twice a week in Jersey City, NJ.

• New products assessment
  • Collaborate with businesses, regulatory stakeholders and functional areas to resolve emerging regulatory reporting requirements and respond to regulatory reporting questions.
  • Assess the regulatory reporting and capital impact of proposed new products and complex business transactions.
• Policy issuance and Advocacy
  • Support the Development and maintenance of Regulatory Reporting Policies by drafting, analyzing and presenting key rules and interpretations.
  • Draft new policies related to the upcoming Basel III Endgame.
  • Assist in interacting with members of the Federal Reserve and other regulatory bodies on technical regulatory reporting matters, when necessary.
  • Provide technical expertise to draft comment letters in response to new proposed regulations or changes in existing regulations, when applicable.
  • Participate in regulatory reporting and regulatory policy industry forums, discussing capital, liquidity and other regulatory topics.
• Rule interpretation
  • Provide advice to various stakeholders on issues and questions related to regulatory capital, broker-dealer and capital management, as well as liquidity reports such as the FR 2052a. Properly document the question and response including underlying rationale and analysis.
  • Demonstrate technical knowledge of regulatory capital rules for our banks, bank holding and broker-dealer (e.g., FRY-9C schedule HC-R, FFIEC 041 schedule RC-R, Focus Report).
• Regulatory Change Management
  • Assess the impact of the upcoming Basel III endgame proposal and support Regulatory stakeholders in implementing these changes.
  • Assist advocacy efforts and the implementation of new regulatory reporting regulations, when applicable.
• Other
  • Provide training materials on key U.S. regulatory reporting requirements for the Bank.
  • Support large scale projects, collaborate with numerous areas across the firm.
  • Support governance and control requirements related to regulatory capital adequacy and liquidity models.

• Bachelor’s degree (preferably in…