SMBC Group: A Global Financial Powerhouse
Sumitomo Mitsui Banking Corporation (SMBC) Group is a top-tier global financial group with a rich history spanning 400 years. Headquartered in Tokyo, SMBC Group offers a diverse array of financial services, including banking, leasing, securities, credit cards, and consumer finance. The group operates in nearly 40 countries worldwide, boasting over 130 offices and an impressive workforce of 80,000 employees.
SMBC Group is one of the three largest banking groups in Japan, held by Sumitomo Mitsui Financial Group, Inc. (SMFG). Notably, SMFG’s shares are traded on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges, underscoring the group’s global presence and financial prowess.
A Robust Presence in the Americas
SMBC Group extends its reach across the Americas, maintaining a significant presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the group offers a wide range of commercial and investment banking services. These services cater to a diverse client base, including corporate, institutional, and municipal clients. SMBC Group serves as a vital link, connecting its clients to local markets and its expansive global network.
The group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
SMBC Group’s Competitive Compensation and Benefits
Given its stature, SMBC Group offers competitive salaries for its roles, with the anticipated salary range for its latest role falling between $178,000.00 and $235,000.00. The specific salary offered to an applicant is determined based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. Notably, the role may also be eligible for an annual discretionary incentive award.
Aside from cash compensation, SMBC Group also offers a competitive portfolio of benefits to its employees, underscoring its commitment to maintaining a satisfied and motivated workforce.
Role Description: Bank Regulatory Counsel
SMBC Group is currently searching for a bank regulatory counsel to join the Bank Regulatory & Governance legal team within the Americas Legal Department. This role offers an excellent opportunity for individuals to apply their bank regulatory expertise in a fast-moving financial organization, serving as trusted advisors and strategic partners to leadership.
The ideal candidate is expected to be proactive, have strong analytical skills, and be able to collaborate effectively across teams. The role offers an opportunity for legal professionals to work closely with business partners, provide critical legal counsel on complex bank regulatory matters, and contribute to strategic decision-making across the bank.
Role Objectives and Responsibilities
The Bank Regulatory Counsel will be tasked with advising SMBC businesses and control functions on U.S. bank regulatory matters, reviewing and advising on equity investments for permissibility under the BHCA, supporting new products, services, and partnerships from a U.S. bank regulatory perspective, and reviewing and advising on applications, reports, and regulatory submissions to U.S. federal and state banking regulators, among other duties.
Qualifications and Skills
Essential qualifications for this role include a Juris Doctor (J.D.) from an accredited law school, admission to the New York Bar in good standing (or qualification of eligibility for waiving in from another reciprocal jurisdiction), and at least four years of experience advising financial institutions on U.S. banking laws and regulations. Candidates should have a strong working knowledge of the regulatory framework applicable to foreign banks with U.S. bank and nonbank operations.
SMBC Group’s Hybrid Workforce Model
SMBC Group adopts a hybrid workforce model, providing employees with the flexibility to work from home or from an SMBC office. However, the group requires employees to live within a reasonable commuting distance of their office location. Certain roles, such as FINRA-registered roles, may require in-office attendance throughout the workweek.
SMBC Group also provides reasonable accommodations during the application process for applicants with disabilities in line with applicable federal, state, and local law. Applicants requiring reasonable accommodations during the application process can reach out to SMBC Group at accommodations@smbcgroup.com.
For more information about the role and to apply, visit Here.
