Head of Americas Control Room - ED
Full Time
New York, NY 11205
$233,000 - $259,000 a year
Posted
Job description
Overview:
The anticipated salary range for this role is between $233,000 and $259,000. 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. Responsibilities:
The Americas Compliance group serves as a regulatory advisory function to the Americas Group Company heads and is responsible for overseeing the management of compliance risk, and is represented by the Chief Compliance Officer (or delegates) as either a member or observer of various committees such as the New Product, Underwriting, Risk Management, Compliance, IT Risk and Training committees.
The Senior Compliance Officer role may manage a coverage area or process with a large amount of independence. Incumbents are typically referred to as technical experts and known internally and externally as a reliable, knowledgeable resource. Incumbents may develop and exercise business plans, policies and procedures, as well as oversees various assigned projects to enhance risk management and efficiencies. Individuals at this level have a clear understanding of the firm's different businesses and the related economics. Primary focus of role is on day-to-day Control Room framework execution with continuous improvement, along with advisory and monitoring,contributes to strategic planning regionally and globally within area of expertise.
The anticipated salary range for this role is between $233,000 and $259,000. 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.
- Work with Americas Compliance Group Companies to centralize Control Rooms risk management policies, procedures and activities where appropriate to lead a coordinated effort throughout the Americas organization and with Nikko Compliance globally.
- Provide advice on regulatory and compliance requirements to business unit management and staff so that they may conduct their business in conformance with regulatory requirements.
- Ensure that regulatory guidance establishes a reasonably designed supervisory system.
- Draft and update existing policies and procedures for stakeholder consultation and coordinate final approvals as needed.
- Maintain Restricted List and Watch List.
- Manage Wall Crossings and maintain up to date insider lists / above the wall lists.
- Manage a Conflicts of Interest program.
- Review potential employee conflicts such as Outside Business Activities, Personal Trading and Email Communications.
- Conduct monthly meetings with business unit management to pro-actively identify emerging business issues and discuss related or new regulatory requirements.
- Interface with regulators and Internal Audit during compliance related examinations / audits related to coverage area.
- Research and draft responses to regulatory inquiries.
- Advise business units on the maintenance of their policies and procedures with focus on current compliance framework as reference point.
- Coordinate and work with affiliates to address cross border issues, reporting requests and special projects.
- Seek operational efficiencies and automation of processes to reduce risk of manual processes.
- Provide training to covered business units.
- Lead / Contribute on various reporting requirements and other ad hoc investigations.
- Work closely with other supports units to help create and maintain best practice across the Firm.
- Advise on information barriers including for physical premises.
- Oversee the timely Business Continuity Planning (BCP) Business Impact Assessments (BIA) for Americas Control Room activities, and participate in adequacy reviews of alternate locations and testing of BCP contingency plans.
- Strong foundation in US, Canada, Latam, and Cayman securities laws and regulations and broker dealer operations.
- Leadership role in a global control room.
- Ability to effectively communicate Control Room-related knowledge and applicability to Nikko and affiliate operations and Americas Group Companies through meetings, training, Compliance bulletins, and other channels.
- Must be well organized with prioritization and project management skills on a global scale.
- Must be able to strategize and deliver globally across multiple entities.
- Ability to manage multiple assignments and leverage strong communication skills to build consensus among stakeholders
- Ability to translate technical subject matter and convey it in easily understandable components for the clients.
- Attention to detail and discipline to raise and follow up on Control Room-related issues and findings until resolved.
- Understanding of the products, services and business of Nikko and affiliates and Americas Group Companies.
- Serve as key subject matter expert to assess and/or challenge Compliance Risk Assessment ratings for Control Room-related risks.
- Contribute to the development and execution of Control Room-related monitoring activities, escalating breaches as appropriate.
- Contribute to the enhancement of technology and data to support Control Room activities.
- Strong understanding of automated control room technological solutions and able to work closely with Technology partners
- Experience in managing Conflicts of Interest (COI) Risks
- Experience with Control Room Transformation Initaitives
Requirements
- 10+ years of regulatory compliance experience at broker dealers.
- Prior Control Room Experience in a leadership capacity preferred
- Bachelor's degree
- No licenses required but FINRA Series 7, 24, 79 or JD would be a plus.
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