Product Control Director

About the Company

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history, offering a diverse range of financial services including banking, leasing, securities, credit cards, and consumer finance. The Group operates over 130 offices with 80,000 employees worldwide across nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG), the holding company of SMBC Group, is one of the three largest banking groups in Japan and trades on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and an extensive global network. 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.

About the Role

We are seeking an experienced finance professional to join the Product Control team. This role involves daily P&L validation, attribution, reporting, price testing, and other ad-hoc analytical functions. The candidate will maintain a solid internal control framework around the entire trade lifecycle to ensure the reliability, accuracy, and completeness of information for financial, regulatory, and management reporting. The successful candidate will also contribute to internal controls, process efficiency, and finance transformation projects, document department-level policies and procedures, and manage the EUC (End User Computing) control process for critical spreadsheets.

Responsibilities

• Manage the processes around daily P&L validation, explanation, and reporting for interest rate and XVA desks.
• Actively engage in the enhancement of the independent price verification framework for rates derivatives products and xVA.
• Lead creation/automation of templates and enhance controls around P&L reporting.
• Assist with transformation efforts to modernize the company's financial infrastructure.
• Monitor trading activity for ad-hoc valuations and trade reserves, working with partners to ensure accuracy of financial statements.
• Document new policies and procedures.
• Review and manage Volcker Reporting requirements.

Requirements

• 10+ years of combined experience in financial services audit, capital markets advisory, or fixed income product control.
• Derivatives experience required; experience in Rates business or xVA is an advantage.
• Bachelor’s degree in accounting, finance, or an equivalent field of study.
• CPA, CFA, or FRM certification is an advantage.
• Working knowledge of product control processes, trade lifecycle, and proper internal controls framework within capital markets fixed income or advisory.
• Knowledge of derivatives and other financial instruments per US GAAP.

Skills

• Leadership skills with proven ability to mentor and train junior staff.
• Proficiency in Excel, including advanced functions.
• Excellent documentation skills.
• Ability to work with big data and understand system architecture.
• Ability to self-learn and navigate through the company with minimal supervision.

Additional Requirements

Employees participate in a hybrid workforce model, requiring them to live within a reasonable commuting distance of their office location. Hybrid work may not be permitted for certain roles, including FINRA-registered positions requiring full-time in-office attendance. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable law.

Pay

The anticipated salary range for this role is between $179,000 and $220,000. The specific salary offered will be based on individual qualifications, experience, geographic location, and market conditions for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award.

Benefits

SMBC offers a competitive portfolio of benefits to its employees in addition to cash compensation.