Finance Change Management Vice President

$122,000 - $176,000/Yr

Sumitomo Mitsui Financial Group - Jersey City, NJ

Full-time - Senior

Remote - Jersey City, NJ

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 over 130 offices and 80,000 employees worldwide, SMBC Group is one of the three largest banking groups in Japan, providing commercial and investment banking services to a wide array of clients across the Americas, including the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. The Finance Change Management Vice President role is a senior-level position focused on data governance and control over data attributes used in the finance area, particularly for US Regulatory Reporting. This position is critical in ensuring that regulatory reports are prepared timely, accurately, and completely, thereby maintaining the quality of data used in the finance sector. The role reports to the head of the Regulatory Reporting Data Control department and is responsible for establishing, maintaining, and enhancing the data accountability and attestation processes that were developed under regulatory reporting transformation projects. The successful candidate will be tasked with communicating and coordinating with various internal business functions to identify data owners and associated business process controls. The role also involves continuous improvement of regulatory reporting data governance, including follow-ups with stakeholders, evaluating data attestation outcomes, and enhancing data quality. This position requires a proactive approach to facilitate data accountability and ownership attestation, establish data governance and quality controls, and ensure compliance with regulatory requirements.

Responsibilities

• Facilitate data accountability and data ownership attestation performed by various stakeholders.
• Establish and maintain data governance and data quality controls in the finance area, including US regulatory reporting.
• Identify risks, associated data controls, drive control operationalization and evaluate the control results.
• Work across teams to translate regulatory requirements into implementable data controls.
• Sustain an established regulatory reporting data attestation framework.
• Ensure data quality, governance, and control for various financial regulatory reports according to company policy and standards.
• Assist in building data-lineage, data quality effectiveness, data reconciliation, and various data quality controls.
• Facilitate project update communications and meetings.
• Provide senior leadership with actionable information regarding the status of individual deliverables, work streams, and the overall program.
• Develop templates, guides, and other accelerators to enable team members to execute activities in a repeatable manner.
• Perform required documentation including policy, standards, procedures, data attestation, and results of data scoring, control assessment approach, and others.

Requirements

• 7-12 years of experience in data quality, governance, and control of financial regulatory reporting.
• Experience in communicating with technical and business teams regarding periodic compliance on data controls.
• Exceptional written and verbal communication skills.
• Experience working on complex and cross-functional projects and data initiatives.
• Proficient IT skills including but not limited to various Microsoft applications (i.e., Power Apps), Alteryx, Power BI, or SQL.
• Familiarity with major regulatory reports including FRY-9C, FFIEC 009, FRY-15, FR2052a, FFIEC 002, and FFIEC 019 is preferred.
• Ability to analyze and assess data attributes according to various regulatory agencies' guidelines and instructions.
• Demonstrated ability to challenge the status quo and drive results.
• Knowledge of, or exposure to various financial products, i.e., Loans, Deposits, Derivatives, Securities, Repos, etc.
• Team player with the ability to work independently.
• Experience with external or internal audit is a plus.

Nice-to-haves

• Experience with external or internal audit is a plus.
• Familiarity with various financial products such as Loans, Deposits, Derivatives, Securities, and Repos.

Benefits

• Competitive salary range between $122,000 and $176,000 based on qualifications and experience.
• Annual discretionary incentive award eligibility.
• Hybrid work model allowing work from home and office.
• Diverse range of financial services and career opportunities within a global organization.