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Financial Reporting - Associate

Company: Sumitomo Mitsui Banking Corporation (SMBC)
Location: Jersey City
Posted on: November 22, 2022

Job Description:

Financial Reporting - Associate

Job Locations

US-NJ-Jersey City

Posting Date

4 months ago(8/1/2022 12:58 PM)

Career Category




Corporate Title



Fulltime-Regular (Exempt/Non-Exempt)


SMBC is seeking an associate position to work in the Bank Holding Company ("BHC") Financial accounting control team within Controllers department at Jersey City location. This position requires a canadidate to prepare capital ratios and credit risk weighted asset calculation for the BHC and group companies. The anticipated salary range for this role is between $79,000 and $120,000. 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.


  • Prepare quarterly capital ratios and credit risk weighted asset calculation for the BHC
  • Prepare daily and month end capital requirements and credit risk weighted asset calculation for a group company who is registered swap dealers in CFTC
  • Assist in performing dry run testing on the in-house calculation engine and remediate all identified issues with IT and group companies
  • Perform EUC procedures over the capital calculation process
  • Involve in interpreting the credit exposure and capital impact on new products
  • Work with the group companies and IT to address the issues from the capital calculation process
  • Assist with special project


    • Bachelors Degree
    • 3-5 years of public and industry experience preferred
    • Financial services industry experience is a plus
    • Knowledge on financial instruments esp derivatives and repo style transactions
    • Proficient in Microsoft applications and other applications, such as excel and word, Alteryx or Tableau
    • Good communication/planning skills and analytic and problem solving skills are must
    • Motivated and proactive mind-set
    • Team-worker with ability to work independently.
    • Detail oriented and well organized
    • Ability to balance and prioriitze critical responsibilities to meet all necessary deadlines timely

Keywords: Sumitomo Mitsui Banking Corporation (SMBC), Jersey City , Financial Reporting - Associate, Other , Jersey City, New Jersey

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