PERM - CPD - Compliance Monitoring - Assistant Vice President

SMBC: A trusted partner for the long term

Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn't perfectly align with the job description. Whilst we'll always strive to be better, we're proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.

United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets.

Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Reporting to the EMEA Head of Monitoring, the Assistant Vice President role is required to assist with the execution and completion of testing as determined by the Compliance Monitoring Plan ('CMP') and the needs of EMEA's Compliance Monitoring Programme. The role is required to help ensure the Compliance Monitoring function is effective in its duties as an independent second line of defence function to monitor and assess the adequacy and effectiveness of the Bank's processes and controls to meet its regulatory obligations.

The anticipated salary range for this role is £54,000 - £81,000, with the final offer determined based on the candidate's skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision.

• The role requires the candidate to be educated to degree level with professional qualifications desirable.

The role requires:

• Good knowledge of financial services, markets, securities and banking activities;
• Sound understanding of risks and controls, noting prior Monitoring or audit background is desirable;
• Regulatory awareness and understanding of the emerging regulatory landscape;
• The ability to manage a number of issues/reviews/projects concurrently;
• Good written and verbal communication skills;
• Accuracy and attention to detail;
• Timely review execution;
• Self-motivation;
• The ability to build effective relationships across the three lines of defence;
• The ability to work independently and as part of a team; and
• The ability to work under pressure.

Compliance Department - Monitoring and Surveillance Group

• Execute testing on assigned reviews in a timely manner and in accordance with the applicable Compliance Monitoring procedures;
• Document testing clearly and concisely, in a re-performable manner and in accordance with Compliance Monitoring conventions;
• Assist in the scoping and planning of monitoring reviews;
• Communicate with review stakeholders throughout the review to avoid any surprises on review close-out;
• Communicate all findings to the Head of Monitoring in good time, and prior to review completion, to allow for any further escalation required;
• Be accountable for the factual accuracy and quality of working papers and findings raised;
• Be accountable for the completeness of assigned review files, in accordance with Monitoring conventions;
• Document issues, associated risks, root cause analysis, issue impact and remediation actions with support from the Head of Monitoring;
• Follow up on the progress of action plans within deadlines and collect sufficient and robust action closure evidence, under the direction of the Head of Monitoring. Escalate all overdue actions and extension requests to the Head of Monitoring promptly;
• Assist the Head of Monitoring with ad hoc tasks where requested and work collaboratively with other members of the Monitoring team and the wider Compliance Department;
• Where required, assist in the preparation of CMP Management Information;
• Attend all Compliance meetings as required and complete mandatory training on a timely basis;
• Maintain a good working knowledge of the FCA Handbook, key products,…