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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 Rail Services LLC, Manufacturers Bank, 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 $92,000.00 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.

VP in Finance Control at a Broker-dealer

SMBC Nikko Securities America, Inc (the Firm), a registered broker dealer, provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Latin America. The Accounting team oversees financial reporting, regulatory reporting and management reporting functions. Reporting to the Head of Accounting of the Firm, this position will be responsible for internal control functions such as balance sheet substantiation, internal controls, process and control documentation, EUC governance, etc. This position will also be expected to assist the team in the month end close process and the review of daily reports. This position will be closely working with accounting teams from other affiliates, and will also interact with other departments within the Firm.

Responsibilities

• Lead the monthly balance sheet substantiation process which includes reviewing GL account owner and risk assessment, reviewing reconciliations, and following up with account owners to ensure the timely completion of the process

• Lead the End User Computing (EUC) workpaper review process which includes identifying EUCs, updating EUC inventory list, performing risks assessment, implementing controls and formulating EUC retirement plan.

• Lead the Accounting's Policy and Procedures update process which includes maintaining inventory of procedures, following up with team member for timely completion of procedural updates, and providing comments on procedural updates prepared by junior staff

• Act as main contact point for internal control review which includes reviewing Risk and Control Matrix, providing evidence for internal control testing, and as applicable, implementing controls to comply with Bank Holding Company's internal control requirement for Accounting functions

• Perform allocated month-end tasks which may include calculating fee allocations and reviewing aged receivables and payables.

• Review and approve accounting entries posted by junior staff as needed

• Assist the team in investigating reconciliation breaks as needed, and act as a back-up reviewer of daily reports and reconciliations.

Qualifications and Skills

• Extensive knowledge of financial reporting process and related internal control framework

• Strong analytical and problem-solving skills, documentation skills, high level of urgency and ownership, attention to detail, accuracy and accountability

• Strong communication and interpersonal skills, demonstration of diplomacy and persuasive skills

• A team leader who is collaborative yet able to work independently

• Proficiency MS Office Suite (Word, Excel, Visio)

• Knowledge of securities broker dealer business, financial products and regulatory reporting (SEA 15c3-1) a strong plus

• Knowledge of Oracle GL a plus

Additional Requirements

• 7+ years of relevant experience

• BA/BS in Accounting/Finance

• CPA highly desired

• FINRA Series 99 or 27 a plus (must be willing to take within 6 months of hire)

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.