Regulatory Policy Vice President

Sumitomo Mitsui Banking Corporation•Jersey City, NJ

2d•$130,000 - $175,000•Hybrid

About The Position

This role supports regulatory reporting stakeholders by providing regulatory reporting advice, issuing policy interpretation and guidelines on technical regulatory capital issues involving our New York Branch, Bank Holding Company, broker-dealer and other affiliates. This is a hybrid role, with current expectation to work in the office twice a week in Jersey City, NJ.

Requirements

Bachelor’s degree (preferably in Finance, Accounting or Business)
5 to 10 years of regulatory reporting, or 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 orally, to discuss relevant (complex) topics with senior management or key stakeholders
Good understanding of US GAAP

Responsibilities

New products assessment
Collaborate with businesses, regulatory stakeholders and functional areas to resolve emerging regulatory reporting requirements and respond to regulatory reporting questions.
Assess the regulatory reporting and capital impact of proposed new products and complex business transactions.
Policy issuance and Advocacy
Support the Development and maintenance of Regulatory Reporting Policies by drafting, analyzing and presenting key rules and interpretations.
Draft new policies related to the upcoming Basel III Endgame.
Assist in interacting with members of the Federal Reserve and other regulatory bodies on technical regulatory reporting matters, when necessary.
Provide technical expertise to draft comment letters in response to new proposed regulations or changes in existing regulations, when applicable.
Participate in regulatory reporting and regulatory policy industry forums, discussing capital, liquidity and other regulatory topics.
Rule interpretation
Provide advice to various stakeholders on issues and questions related to regulatory capital, broker-dealer and capital management, as well as liquidity reports such as the FR 2052a. Properly document the question and response including underlying rationale and analysis.
Demonstrate technical knowledge of regulatory capital rules for our banks, bank holding and broker-dealer (e.g., FRY-9C schedule HC-R, FFIEC 041 schedule RC-R, Focus Report).
Regulatory Change Management
Assess the impact of the upcoming Basel III endgame proposal and support Regulatory stakeholders in implementing these changes.
Assist advocacy efforts and the implementation of new regulatory reporting regulations, when applicable.
Other
Provide training materials on key U.S. regulatory reporting requirements for the Bank.
Support large scale projects, collaborate with numerous areas across the firm.
Support governance and control requirements related to regulatory capital adequacy and liquidity models.