Regulatory Reporting Vice President
About The Position
SMBC is seeking an experienced, analytical and control-focused Vice President for its Controllers - Regulatory Reporting Analysis Group. The position directly manages three Analysts based in North Carolina and provides day-to-day leadership, review and development of their regulatory reporting activities. It supports the broader regulatory reporting production organization across Bank Holding Company, U.S. Branch, international, cross-border and systemic risk reports, including FR Y-9C, FR Y-9LP, FR Y-11, FFIEC 002, FFIEC 002S, FR 2644, FR 2900, FR 2915, FFIEC 019, FFIEC 009, Treasury International Capital (TIC) reports and FR Y-15. Responsibility for Bank Holding Company and U.S. Branch reporting is shared with the broader Regulatory Reporting leadership team. For assigned reports and workstreams, the Vice President provides oversight, review and escalation support rather than serving as the sole accountable owner. The role oversees reporting production and controls, addresses complex reporting and data issues, coordinates with internal and external stakeholders, and leads process improvement and automation initiatives. The position follows SMBC’s hybrid workforce model, with work from home and from an SMBC office. Employees must live within a reasonable commuting distance of their office location; the specific hybrid schedule is discussed during the interview process.
Requirements
- Bachelor's degree in Accounting, Finance, Economics or a related field.
- Eight or more years of relevant experience in regulatory reporting, financial reporting, accounting, risk reporting or a related control function, including experience leading or reviewing the work of others.
- Strong knowledge of U.S. GAAP, financial statements, banking products and U.S. regulatory reporting requirements.
- Demonstrated ability to manage complex recurring deliverables, exercise sound judgment, challenge reporting conclusions and resolve material data, control or reporting issues.
- Strong leadership, stakeholder management and communication skills, including the ability to present complex reporting matters clearly to senior management, auditors and regulators.
- Strong analytical and problem-solving skills, with experience reviewing reconciliations, variance analysis, controls and reporting workpapers.
- Advanced proficiency in Microsoft Excel and familiarity with data analysis or automation tools such as SQL, Alteryx, Business Objects or similar applications.
- Ability to prioritize across multiple reporting cycles, manage deadlines, escalate risks promptly and maintain a strong control-focused production environment.
Nice To Haves
- An advanced degree or professional certification.
- Experience with one or more of the following report groups: FR Y-9C, FR Y-9LP and FR Y-11; FFIEC 002, FFIEC 002S, FR 2644, FR 2900 and FR 2915; or FFIEC 019, FFIEC 009, TIC reports and FR Y-15.
- Experience with regulatory reporting platforms such as AxiomSL and with leading system enhancements, user acceptance testing and implementation activities.
Responsibilities
- Provide day-to-day oversight of the end-to-end production, review and timely submission of reports and workstreams assigned to the North Carolina team, ensuring compliance with applicable instructions, internal standards and filing deadlines.
- Directly manage and review three Analysts based in North Carolina; set production expectations, allocate responsibilities, coach employees and ensure appropriate coverage across reporting cycles.
- Perform and document management-level reviews of assigned regulatory filings and workstreams, including analytical review packages, reconciliations, adjustments, edit checks, certifications and submission-readiness materials.
- Challenge the completeness, accuracy and reasonableness of reported balances, period-over-period movements, exposure trends and management explanations before submission.
- Oversee reconciliations to the general ledger, source systems, supporting schedules and related regulatory reports; ensure reconciling items are investigated, resolved, documented and escalated.
- Maintain accountability for the execution and effectiveness of key controls within the assigned reporting scope, including timely remediation of control gaps, documentation deficiencies and repeat exceptions.
- Interpret new and revised regulatory reporting requirements, assess their impact across reports, data, systems and controls, and oversee implementation of required changes.
- Lead assessment and resolution of complex reporting judgments, data quality issues, system defects and production exceptions, including root-cause analysis, impact assessment, remediation and closure validation.
- Partner with business, finance, operations, risk, data governance and technology leaders to resolve cross-functional issues and strengthen upstream data quality and accountability.
- Provide senior management with timely updates on filing status, key variances, emerging risks, open issues, control concerns and remediation progress.
- Coordinate regulatory examination, internal audit, external audit and independent review requests; ensure responses and supporting evidence are accurate, complete and delivered on time.
- Lead process improvement, standardization and automation initiatives, including Axiom enhancements, business requirements, user acceptance testing, implementation validation and post-production monitoring.
- Oversee maintenance of desktop procedures, process flows, data lineage, report inventories, control documentation and other governance materials.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
