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 $145,000.00 and $185,000.00. 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.

QUALIFICATIONS AND SKILLS

• Minimum of 8 years internal audit experience in the banking and financial industry, auditing capital markets and broker dealer’s trading businesses.
• Strong trading risk knowledge of products offered by brokers and swap dealer businesses
• Strong understanding of market risk management framework for trading products, including derivatives, structured and securitized products
• Knowledge of regulatory expectations related to trading activities including Dodd Frank, Volcker including swap dealer requirements
• Excellent communication, presentation and professional skills including the ability to interact effectively at all levels within the organization.
• Understanding of audit techniques, internal controls, and workpaper standards.
  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

ROLE DESCRIPTION

SMBC is seeking an experienced Vice President - Audit Manager with a minimum of 8 years of experience in the broker dealer & financial industry to work within the Internal Audit Department.
The Audit Manager will design and supervise execution of internal audits of various complexities, ensuring audit work is performed in accordance with IIA standards and IAD policies and procedures, as well as participate as a team member on other audit engagements or projects.

ROLE OBJECTIVES

• Execute/lead audits including planning, testing, issue identification, workpaper review and reporting.
• Act as a subject matter expert in advising and assisting team members to understand and identify related market risk associated with the products offered by Global Market Trading (i.e., macro, credit complex etc.)
• Effectively communicate with stakeholders and audit senior management to clearly articulate issues, root causes, and corrective measures.
• Assist with the delivery and execution of IAD’s broader audit plan and assurance responsibilities across all Global Market Trading and capital market businesses
• Participate in quarterly and annual continuous monitoring / risk assessment process to identify business trends and changes in the business risk profile.
• As needed, assist with special projects related to business process improvements or departmental strategic initiatives.
• Track and validate closure of issues raised by the department and regulators.
• Develop, promote and maintain a collaborative and strong working relationship with AD business heads, external auditors, and regulators.