Regulatory Reporting Associate

Sumitomo Mitsui Banking Corporation•Jersey City, NJ

17h•$83,000 - $125,000•Hybrid

About The Position

SMBC is seeking an Associate position to work in the Bank Accounting Department located in Jersey City, NJ. This position will be responsible for SMBC Nikko Securities America, Inc, a registered broker dealer, which provides investment securities and other financial services to corporate and institutional clients, focusing on North America. The Accounting team oversees financial reporting, regulatory reporting, and management reporting functions. This position will be responsible for daily net capital reporting and preparation of month-end FOCUS and quarterly supplemental reports.

Requirements

2 to 5 years of specialized experience in Financial Services
2 + years Regulatory Reporting (broker dealer experience is a strong plus)
BA/BS required
Microsoft Office Suite (Word, Excel, Visio)
Oracle Cloud GL Suite
Broadridge Impact and Axiom
Strong analytic and critical thinking skills
Strong documentation skills
Elevated level of urgency, communication skills and deadline driven
A team member who is collaborative yet able to work independently

Responsibilities

Net Capital computations - prepare the daily/monthly Net capital computations 15c3-1 and provide commentary on variances
FINRA regulatory reports – prepare the following reports: FOCUS (Financial and Operational Combined Uniform Single), SLS - Supplemental Liquidity Schedule, OBS - The Derivatives and Other Off-balance Sheet Items Schedule, SSOI - Supplemental Statement of Income, SIS - Supplemental Inventory Schedule, Form Custody
SEC reports – prepare form 17H and 13H
CIRO- prepare the MFR
SIPC- prepare the Securities Investor Protection Corporation form 6 and 7
Projects- assist in special project 15c3-3 (Customer Protection Rule)
Audit- assist in gathering audit requests for both internal and external auditors