Sumitomo Mitsui Banking Corporation

Compensation

Full Description

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 MANUBANK, 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 $166,000.00 and $191,000.00. 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 Market Data Content and Compliance Specialist is responsible for gathering and analyzing information about the market, key suppliers, and industry trends to this category that support our sourcing decisions, contract negotiations, and procurement process. This position focusses on the contracting, licensing and related compliance aspect of market data and third-party usage at all levels from original source to use by business stakeholders (applications, databases, spreadsheets, desktops etc.) External data points will include but not limited to real-time, delayed data, derived data, reference data, research, news, and alternative data.Role Objectives Understand and document the use of external third-party data and associated downstream processes. Support, communicate, and enforce policies and controls that ensure effective consumption and overall compliance with Market Data/Third Party vendor agreements. Responsible for coordinating audits from exchanges or suppliers to measure usage, policy and contract compliance. Develop and maintain relationships with our third-party suppliers to understand product and service offerings. Manage application compliance tools to assist with the reduction of risk and exposure to data licensing requirements. Research and identify suppliers based on experience in the market within the Market Data category space to adapt to objectives or to streamline costs Collaborate on program initiatives including effective routines to mitigate risks and drive results, robust reporting cadences and change management practices Serve as a key team member and lead on projects related to data usage and entitlements Keep up to date with exchange/supplier policy changes for compliance and control Manage negotiations for new contracts or renewal of existing market data contracts. Create and support presentations for Stakeholder market data category briefings Ensure contractual changes are properly reflective within COUPA and SPEND. Partner and collaborate with regional and international colleagues, internal stakeholders, and technology. Qualifications and Skills BA/BS in Supply Chain Management/Business/Finance or related field preferred 5 - 6 years of relevant market data financial services experience with an understanding of financial data products used in banking, risk management, regulatory reporting, and financial services, covering such products as Bloomberg, Dun & Bradstreet, Dow Jones, Refinitiv, S&P, and Moody’s. Experience managing performance of large/strategic third-party suppliers. Results-oriented, strong collaborative skills and positive attitude with strong attention to detail and a process-driven mindset. Strong ability to build relationships and networks with multiple functions and at all levels within the organization. Data driven proven track record aligning stakeholders and team members to project outcomes delivering value. Have a good working knowledge of licensing obligations, their touchpoints with other areas, how to achieve compliance and the potential impact of non-compliance. Experience working within SPEND or similar inventory tool including COUPA for third party spend. Experience working on supplier provided access systems such as DACS and EMRS. Proven ability to meet established deadlines while successfully manage multiple priorities and stakeholders.  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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.   SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.