Director of Regulatory Policy

Sumitomo Mitsui Banking Corporation•Jersey City, NJ

62d•$180,000 - $230,000•Hybrid

About The Position

As a Regulatory Policy Director at SMBC you will be the authoritative source on the application and interpretation of prudential regulatory requirements (capital, RWA, leverage, large exposures & liquidity). You will work within the Accounting and Regulatory Policy team, collaborating closely with key stakeholders including Regulatory Reporting, Treasury, Business Units, and the Head Office in Japan. You will have opportunities to engage with senior leadership, presenting regulatory interpretations and judgments for approval, and working with business units to evaluate the impact of new products or specific transactions. The ideal candidate will have strong knowledge of U.S. GAAP, U.S. Regulatory Rules as well as the BCBS Regulatory Rules, with a proven record of interpreting regulatory rule requirements, and their applicability to the local business. Ideally, the candidate will have experience working with a regulator, lobbying body, or in a similar role within another banking organization. The candidate will have excellent verbal and written communication skills, be comfortable communicating with colleagues both within and outside the team and have an ability to influence senior levels.

Requirements

Bachelor’s degree (preferably in Finance, Accounting or Business).
10 years of regulatory reporting, or policy advisory experience (preferred) in the banking industry.
Strong research skills, analytical skills, business writing and presentation skills.
Strong knowledge of regulatory capital requirements, including Credit Risk and Market Risk, net capital calculation.
Good communication skills, both written and oral, to discuss relevant and complex topics with senior management or key stakeholders.
Good understanding of US GAAP, US regulatory rules, as well as BCBS regulatory rules.

Nice To Haves

Knowledge of JFSA capital rules is a plus.

Responsibilities

Develop and maintain Regulatory Reporting Policies by drafting, reviewing, analyzing, and presenting key rules and interpretations.
Assess the need for new policies in response to evolving regulations, including Basel III Endgame.
Provide technical expertise to draft comment letters on proposed regulatory changes.
Engage with regulatory bodies such as the Federal Reserve, FINRA, NFA, and FDIC on technical reporting matters.
Participate in industry forums to discuss capital, liquidity, and other regulatory topics.
Advise stakeholders on regulatory policy issues, product analysis, and application of reporting requirements, documenting inquiries and responses with detailed rationale.
Demonstrate deep technical knowledge of U.S. regulatory rules, including capital requirements across banking, broker/dealer, and swap dealer entities.
Review and challenge data across key regulatory reports such as FR Y-9C, FFIEC 002, FR 2052a, FR Y-15, FR Y-14, and FOCUS reports.
Assess regulatory reporting and capital impacts of new products and complex transactions under U.S. Basel and BCBS frameworks.
Advocate for and support the implementation of new regulatory reporting requirements, ensuring alignment with evolving rules.
Collaborate with regulatory stakeholders to implement changes related to Basel III Endgame and business growth, including additional FR Y-14 reports.
Lead and contribute to large-scale, cross-functional projects to enhance regulatory compliance infrastructure.
Develop and deliver training materials on U.S. regulatory reporting obligations to build firm-wide awareness and expertise.
Ensure governance and control standards are met for regulatory capital adequacy and liquidity models.