Chief Compliance Officer

$257,000 - $280,000/Yr

Sumitomo Mitsui Financial Group - New York, NY

Full-time - Senior

Remote - New York, NY

10,001+ employees

Credit Intermediation and Related Activities

About the position

SMBC Group is a top-tier global financial group with a rich 400-year history, headquartered in Tokyo. The organization offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance, with a presence in nearly 40 countries and over 80,000 employees worldwide. The Chief Compliance Officer (CCO) will lead the compliance program for an investment advisory firm based in Manhattan, which is currently registered with New York State and will soon register with the U.S. Securities and Exchange Commission (SEC). The CCO will be responsible for fostering a culture of compliance and ensuring adherence to local regulatory requirements. This role will also involve collaboration with the President & CEO and various departments within SMBC Americas, as well as with Sumitomo Mitsui DS Asset Management Company, Limited in Japan. The CCO will develop and manage all components of the compliance program, ensuring that activities comply with applicable regulatory requirements. This includes establishing global policies, standards, processes, regulatory reporting, training, and maintaining compliance manuals, policies, and procedures. The successful candidate will engage with senior management and staff on U.S. compliance rules, regulations, and procedures, and will oversee the development and maintenance of trade compliance programs, policies, and automated systems. Additionally, the CCO will serve as the primary contact with regulators during exams and inquiries, managing all regulatory exams and ensuring the preparation and maintenance of all applicable regulatory registrations and filings. The role requires a thorough understanding of state and federal securities rules and regulations governing the investment advisory industry, which will be maintained through ongoing education and involvement with industry groups. The CCO will also liaise with external legal counselors to provide ongoing advice regarding legislation and regulations affecting U.S. business activities, and assist various non-U.S. affiliates on U.S. compliance matters as needed.

Responsibilities

• Develop and manage all components of the compliance program and operations for a New York State and SEC-registered investment adviser.
• Engage with and advise senior management and staff on all issues concerning U.S. compliance rules, regulations, and procedures.
• Develop and execute monitoring and testing of business activities, including the annual compliance program review.
• Oversee the development and maintenance of trade compliance programs, policies, and automated systems.
• Serve as the primary contact with regulators during exams and inquiries, managing all regulatory exams.
• Oversee the preparation and ongoing maintenance of all applicable regulatory registrations and filings.
• Liaise with external legal counselors to provide ongoing advice in relation to implications of legislation and regulations affecting U.S. business activities.
• Liaise with and assist various non-U.S. affiliates on U.S. compliance matters.
• Maintain a thorough understanding of state and federal securities rules and regulations governing the investment advisory industry.

Requirements

• BA/BS degree (econ, CS, finance, or similar discipline preferred); MBA or JD preferred but not required.
• Candidates must pass Series 65, Series 66 and Series 7 combined, or possess one of the following professional designations: CFA, CFP, CIC, ChFC, PFS.
• 15+ years of experience in risk, compliance, audit and/or relevant law, with at least 10+ years with a registered investment adviser.
• 5+ years of supervisory management experience.
• 5+ years of experience within a subsidiary/non-U.S. parent, global operating model.
• Direct experience managing regulatory exams (particularly SEC exams).
• Fund compliance experience (public and private).
• Strong working knowledge of the Investment Company Act of 1940 and registered funds.

Nice-to-haves

• Working knowledge of Resolver or a similar GRC or Compliance Workflow solution.

Benefits

• Competitive salary range between $257,000.00 and $280,000.00 based on qualifications and experience.
• Annual discretionary incentive award eligibility.
• Comprehensive benefits portfolio including health insurance, retirement plans, and more.