Audit Associate - Data Analytics

 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 $85,000.00 and $135,000.00. 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

The Data Analytics team within Internal Audit are the driving force in creating a data-forward progressive, future oriented Internal Audit Department permeated with continuous improvement spirit and operational excellence. 

The data analytics team perform advanced analytics in support of audit execution activities, providing in-depth, timely assessments of our firm’s control environment, delivering insights that drive change. The team are key in the delivery of ‘audit intelligence’, driving automation and embedding analytics and prediction into our audit operational practices to ensure that we are data-informed and data-led, optimizing the effectiveness and efficiency of our department. 
 

Role Responsibilities

This individual is responsible for performing Data Analytics supporting the audit activities for one or more business units. In this capacity the role holder is responsible for an in-depth understanding of the business processes and data sources for the business units that they support, engaging with audit management to ensure the scheduling and prioritization of data analytics needs and executing analytical activities to deliver valued assurance to the audit team and our stakeholders. 
In addition, the individual has a key role in creating a data-led audit department, embedding data-driven techniques into all aspects of our audit processes, creating and strengthening new audit products that drive the department to real-time processes and insights that increase audit’s value. 

•    Translates auditor requirements and business processes into the design, development and execution of data analytics solutions in support of audit delivery, with a focus on delivering repeatable and scalable solutions. 
•    Build automation and dashboards in support of Continuous Monitoring, Continuous Auditing products, and the wider audit processes and audit transformation programs. 
•    Instil a data-first culture across internal audit through being a champion for data analytics. Including the delivery of training, education and awareness of data science and techniques throughout audit department.
•    Implement machine learning solutions to build efficiencies, insights, predictive and prescriptive analytics. 

Critical Knowledge

1.    Qualified candidates will have experience in data analytics and data science, preferably within audit, risk management or other ‘oversight’ functions within financial services.
2.    Understanding of Risk Management and Internal Audit processes and standards. 
3.    Working knowledge in use of Analytical, Automation and Visualization tools and programming languages with proven track record of delivery of repeatable analytical solutions using these tools. 
4.    Working knowledge in storytelling with data visualization. Excellent strong communication skills with the ability to clearly and concisely communicate complex analysis to auditors and executives. 
5.    Possesses business and project management skills, makes sound decisions, exhibiting initiative, strong critical thinking skills and solutions oriented.
6.    Innovative, creative problem solver, with the ability to approach problems with a positive, flexible perspective and strong technical competence. 
7.    Passionate interest in Data Science/Analytics, with commitment to continuous learning and desire to bring new technologies and techniques into the data analytics team.
8.    Exploratory machine learning capabilities and application in banking and auditing functions. 
 

Qualifications and Skills

Work Experience: 3-5 years of experience in data science and/or analytics and automation within financial services.
Education: Required BA/BS 
Degree in Data Science, Data Analytics or other Analytical fields of study preferred.
Software/ Programming Languages:  Python, R, SQL, VBA 
Experience in the use of Analytical and automation tools and platforms including Alteryx, Databricks, Denodo, UiPath and Tableau. 

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.