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Associate/VP, Broker Dealer Control Room/Research Compliance - SMBC Nikko Securities America, Inc.

Associate/VP, Broker Dealer Control Room/Research Compliance - SMBC Nikko Securities America, Inc.

Job Locations 
US-NY-New York
Career Category 
Compliance and Legal
Position ID 
Corporate Title 
Posting Date 

More information about this job


SMBC Nikko Securities America, Inc. is a member of the Sumitomo Mitsui Financial Group, one of the world's largest global financial institutions. Based in New York City, we provide financial products and services to institutional clients, focusing on North America and Latin America. The firm is an SEC registered securities broker-dealer and member of the Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB). We are seeking an experienced and motivated individual to perform core Control Room and Research Compliance functions.



Work as part of the Control Room and Research Compliance team and be responsible for:
(1) Performing core Control Room advisory and monitoring functions
(2) Reviewing equity research reports where the subject issuers are on the Watch and Restricted List,
(3) Chaperoning and vetting communications between Investment Banking and Research. The position will report to the Control Room and Research Compliance team lead.
- Interact with Debt Capital Markets (DCM), Equity Capital Markets (ECM), Investment Banking Group (IBG), Relationship Management Group (RMG) and Structured Finance Group (SFG) in order to maintain the Watch List and Restricted List
- Monitor information barriers, and use of confidential information and material non-public information
- Advise and record all Wall Crossings;
- Identify, manage and resolve potential issues regarding Watch and Restricted List trade surveillance
- Liaise with EMEA and Tokyo Compliance and Research affiliates to ensure global consistency where necessary and/or desirable;
- Assist in the continued enhancement of the Control Room and the build out of a new Research Compliance function including policy and technology developments
- Day-to-day review and clearance of research publications in compliance with research rules (e.g., SEC Rules 138/139) and to identify potential conflicts of interest (FINRA Rules 2241 and 2242)
- Maintain accurate and up to date research disclosures;
- Chaperone interactions between Investment Banking and Equity Research
- Provide timely and consistent guidance to Investment Banking and Equity Research on permitted and prohibited communications and interactions between these businesses in order to comply with applicable regulations



- Minimum of 7 years of direct relevant experience is required

- Bachelor's degree required, or equivalent training. Series 7 or JD degree would be a plus
- Thorough knowledge of the Securities Act of 1933, Securities Exchange Act of 1934 and related SEC rules and regulations
- Relevant experience working in a Control Room and Research Compliance department at a broker dealer
- Strong knowledge of FINRA rules and regulations applicable to the sell-side research business
- Strong understanding of financial products, investment banking transactions, and investment research


- Ability and confidence to successfully interact with management and senior bankers
- Ability to analyze complex situations and provide guidance in time sensitive situations
- Excellent oral and written communication skills including the ability to articulate securities laws and regulatory requirements to business professionals
- Self-starter able to work independently with minimal supervision as well as within a team environment 
- Ability to work as a member of a team in a fast-paced environment
- Detail-oriented with ability to multitask, organize and prioritize