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SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE SMFG) stock exchanges.
In the Americas, SMBC Group has a 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 range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive 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 Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $66,000.00and $77,000.00. The specific salary offered to an applicant will be 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. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
The Product Control team seeks an experienced Product Control Analyst responsible for daily P&L validation, explanation, risk analysis, and reporting for our fixed-income sales & trading (FIST) desk that makes markets in corporate loans, interest rates, and asset-backed products. The successful candidate will be involved in understanding the business and P&L, internal controls and process efficiency projects, document policies and procedures, and liaise with internal and external auditors and regulators.
Role Objectives
Daily P&L validation, explanation, and reporting.
Daily
Weekly
Monthly
Process Control Analysis
Qualifications and Skills
- 2 - 4 years of combined experience in financial services or product control. Big 4 financial services audit experience preferred but not required.
- Bachelor's Degree in Accounting or Finance or equivalent.
- Working knowledge of product control processes preferred but not required.
- Exposure to the month-end close process and a solid understanding of the internal control framework surrounding the entire trade lifecycle to assure the accuracy and completeness of information for financial, regulatory, and management reporting.
- Experience in Excel, including working knowledge of advanced functions VBA skills preferred but not required.
- Excellent communication skills, including writing/documentation.
- Self-motivated with the ability to build professional relationships/work well in a team-orientated setting.
Additional Requirements
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.