Legal Entity Controllers Vice President

SMBC Group Compliance Role

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. 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. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. 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 $124,000.00 and $175,000.00. 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.

Role Description

This position will oversee the compliance of Accounting and Financial Reporting for various legal entities within SMBC AD. It includes the production of financial reports, maintenance of a system of accounting records, and a comprehensive set of controls designed to mitigate risk, enhance the accuracy of reported financial results, and ensure that reported results comply with Regulatory and Head Office requirements. The position is part of Legal Entity Controllers Group and is responsible for ensuring a sound internal control environment, timely and accurate financial and management reporting, supporting operating and financial reporting systems. Activities are performed according to prescribed US GAAP or IFRS standards.

Responsibilities

• Maintains a documented system of accounting procedures and policies working directly with SMBC Accounting Policy group;
• Oversees the preparation of timely & accurate monthly, quarterly, and annual financial results as required, for management, external auditors, regulators, and Home Office;
• Coordinates the provision of information to external auditors for the annual audit;
• Oversees accounts, ledgers, and reporting systems ensuring compliance with appropriate IFRS / US GAAP standards, regulatory requirements, and new processes within SMBC Americas Division;
• Maintains the chart of accounts to enable proper consolidation of all subsidiaries;
• Manages the production of the annual budget and forecasts;
• Supports operation function by performing / reviewing various billings, allocations and monitoring of monthly activities;
• Creates a high-performance culture focused on continuous improvement to maximize efficiency and reduce risk;
• Participates in a wide variety of special projects to ensure proper accounting treatment and accurate data.

Qualifications and Skills

Additional Requirements

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 . EOE, including Disability / veterans