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SMBC Senior Auditor - Lending & Leasing in New York, New York

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 $82,000.00 and $127,000.00. 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

SMBC is seeking an experienced Senior Auditor with a minimum of 5 years’ experience in the banking & finance industry to work within the Internal Audit Department. The Senior Auditor will participate in the execution of lending and leasing related internal audits of various complexities, executing audit work in accordance with IIA standards and IAD policies and procedures. Participation in other risk related audits is expected as dictated by the audit plan.

Role Objectives: Delivery

  • Execute audit work as assigned including planning, testing, issue identification and report writing.

  • Effectively communicate with stakeholder and audit senior management to clearly articulate audit strategy, testing results and corrective measures.

  • As needed, assist with the delivery and execution of IAD's broader audit plan and assurance responsibilities.

  • Participate in quarterly and annual continuous monitoring / risk assessment process to identify business trends and changes in the business risk profile.

  • As needed, assist with special projects related to business process improvements or departmental strategic initiatives.

  • Track and validate closure of issues raised by the department and regulators.

  • Develop, promote and maintain a collaborative and strong working relationship with AD business heads, external auditors, and regulators.

Role Objectives: Interpersonal

Identify and develop relationships with key stakeholders in covered business units to establish and maintain open and constructive dialogue. Foster trust with stakeholders by providing timely and value-added guidance on audit-related queries. Seek out additional opportunities to improve visibility with stakeholders, such as department meetings, town halls and social gatherings. Build and grow a network of colleagues in other infrastructure and control functions including compliance, HR, risk management and operations to promote front-to-back collaboration across risk assessment and findings remediation. Partner with audit colleagues in other business verticals and/or geographies to share experiences and gain exposure to adjacent areas.

Role Objectives: Expertise

Establish familiarity with audit framework and internal policies applicable to business unit. Review historical audits to establish better context for current and future assessments. Seek out formal and informal training opportunities to develop understanding of covered business unit, including organizational structure; key processes, products and activities; relevant risk types; applicable regulations; and client universe. Consult with audit colleagues to share learning and broaden awareness of priorities and challenges in adjacent business verticals and/or jurisdictions.

Qualifications and Skills

  • Minimum of 5 years internal audit experience in the banking and finance industry.

  • Working knowledge of banking / lending products.

  • Understanding of applicable regulatory standards / guidance for a Bank Holding Company.

  • Understanding of audit techniques, internal controls, and workpaper standards.

  • Excellent communication, presentation and professional skills including the ability to interact effectively at all levels within the organization.

  • Bachelor’s Degree in Accounting, Finance, or related field.

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.