Full Job Description
Overview
SMBC is seeking an experienced, highly analytical and control-focused professional for a Vice President position within the Controllers - Regulatory Reporting Analysis Group. The Vice President will directly manage a team of Analysts and provide day-to-day leadership, review and development of their regulatory reporting activities. The role will support the broader regulatory reporting production organization across Bank Holding Company, U.S. Branch, international, cross-border and systemic risk reports, including the 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 will be shared with the broader Regulatory Reporting leadership team; this position will provide oversight, review and escalation support for assigned reports and workstreams rather than serve as the sole accountable owner for those reporting portfolios.
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 the work of three Analysts based in North Carolina, establish clear production expectations, allocate responsibilities, provide coaching and ensure appropriate coverage across reporting cycles.
• Perform and evidence management-level review 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, and ensure reconciling items are appropriately investigated, resolved, documented and escalated.
• Maintain accountability for the execution and effectiveness of key controls within the position's assigned reporting scope, including timely remediation of control gaps, documentation deficiencies and repeat exceptions.
• Interpret new and revised regulatory reporting requirements, assess impacts across reports, data, systems and controls, and oversee implementation of required changes.
• Lead the 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 clear and timely reporting to senior management 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, and ensure responses and supporting evidence are accurate, complete and delivered timely.
• Lead process improvement, standardization and automation initiatives, including Axiom enhancements, business requirements, user acceptance testing, implementation validation and post-production monitoring.
• Oversee the maintenance of desktop procedures, process flows, data lineage, report inventories, control documentation and other governance materials.
Qualifications
Bachelor's degree in Accounting, Finance, Economics or a related field; an advanced degree or professional certification is a plus.
• 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.
• Experience with one or more of the following report groups is preferred: 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.
• 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, with 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.
• Experience with regulatory reporting platforms such as AxiomSL and with leading system enhancements, user acceptance testing and implementation activities is preferred.
• Ability to prioritize across multiple reporting cycles, manage deadlines, escalate risks promptly and maintain a strong control-focused production environment.
SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
