Vice President Regulatory Reporting Change Management (8637)

Employer: Sumitomo Mitsui Banking CorporationJob Title: Vice President Regulatory Reporting Change Management Job Location: 277 Park Avenue, New York, NY 10172Duties: Design and implement new and enhanced regulatory reports for SMBC Bank to ensure compliance with Federal Reserve reporting requirements applicable to the bank's regulatory category. Support daily, quarterly, and annual reporting obligations and implement functionalities necessary to meet evolving regulatory reporting requirements. Identify key data elements for products reported in regulatory filings. Work with business stakeholders across Risk, Data, Compliance, and Finance functions to gather requirements, perform business and data analysis, and support the implementation of U.S. regulatory reporting initiatives. Develop a thorough understanding of the bank's products and their reporting classifications and conduct traceability mapping and requirements analysis among regulations, business rules, requirements, and technical solutions to provide an auditable framework for regulatory compliance. Create mapping and gap analysis documentation for financial products by working closely with source system owners to identify and document regulatory reporting data requirements. Evaluate and prioritize change requests, defect remediation efforts, and project estimates throughout the project lifecycle. Identify process gaps, redesign business processes to address deficiencies, propose application designs, and participate in the review and approval of system architecture for new regulatory reporting solutions. Work with various SMBC Bank subsidiaries to collect, analyze, and reconcile financial data related to loans, deposits, derivatives, securities, and other financial products in support of Bank Holding Company (BHC) and CUSO-level regulatory reporting. Partner with Risk and Compliance teams to gather requirements, perform analysis, and deliver regulatory reporting solutions. Evaluate and implement data integration and transformation methodologies to support the development of regulatory reports using the bank's analytical framework and risk management practices. Participate in Unit Testing and User Acceptance Testing (UAT) to validate regulatory reporting solutions and ensure report accuracy. Conduct detailed validation and reconciliation of AXIOM regulatory reports to verify calculation logic, data integrity, and model outputs.*100% remote work permitted.Requirements: Bachelors degree in computer science, electronics engineering, or a related field plus 7 years of progressively responsible experience. Experience must include the following: AXIOM; PL/SQL; system or data implementation projects; project delivery activities across the Systems Development Life Cycle (SDLC), including business and data requirements gathering, systems analysis, technical design, data mapping, quality assurance and testing, and project management; and regulatory reporting implementation and automation projects. The required skills do not need to be maintained over the full term of required experience.Benefits: https://careers.sumitomocorp.com/content/why-sc-americas/ Please email CV to [email protected]. Must reference requisition#: 8637 to be considered.