Senior Financial Reporting Specialist I

 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 $80,000.00 and $125,000.00. 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.

Overview

SMBC Nikko Securities America, Inc, a registered broker dealer, provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Larin America. The Accounting team oversees financial reporting, regulatory reporting and management reporting functions. This position will be responsible for internal control functions such as balance sheet substantiation, internal controls, EUC governance, etc., while assisting the team with month end closing and regulatory reporting.

Reporting to the Director of Accounting, this position will be responsible for internal control functions. These functions include balance sheet substantiation, policy and procedure documentation, process and control documentation, and EUC workpaper documentation. This position will also be expected to assist the team in the month end close process. This position will be closely working with accounting teams from other affiliates and will also interact with other departments within Nikko America.

Responsibilities

• Perform monthly balance sheet substantiation process which includes reviewing GL account owner and risk assessment, reviewing reconciliations, and following up with account owners to ensure the timely completion of the process
• Perform End User Computing (EUC) workpaper review process which includes identifying EUCs, updating EUC inventory list, performing risks assessment, implementing controls and formulating EUC retirement plan
• Perform Accounting's Policy and Procedures update process which includes maintaining inventory of procedures, following up with procedure owners for timely completion of procedural updates, and providing comments on procedural updates prepared by owners
• Facilitate internal control review process which includes reviewing Risk and Control Matrices, providing evidence for internal control testing, and as applicable, implementing controls to comply with Bank Holding Company's internal control requirement for Accounting functions
• Perform allocated month end tasks which may include posting journal entries and updating account reconciliations
• Prepare support workpapers for monthly regulatory reporting
• Prepare, as needed, daily reconciliations and assist the team in investigating reconciliation breaks

Qualifications and Skills

• Good knowledge of financial reporting process and related internal control framework
• Knowledge of securities broker dealer business, financial products and regulatory reporting (SEA 15c3-1)
• Proficiency MS Office Suite (Word, Excel, Visio)