Regulatory Compliance Specialist; Corporate Compliance Monitoring and Testing Associate

Overview

SMBC Group is a top-tier global financial group with a 400-year history, offering 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.

In the Americas, SMBC Group operates in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru, delivering a range of commercial and investment banking services. The anticipated salary range for this role is between $80,000.00 and $, with the specific offer based on qualifications, experience, and market data. The role may be eligible for an annual discretionary incentive award, and SMBC provides a competitive benefits package.

Role Description

Corporate Compliance Monitoring and Testing Associate

SMBC's Compliance Department Americas Division ("CPAD") is seeking a Corporate Compliance Monitoring and Testing Associate. The Associate-level position supports the monitoring and testing program, serving as a team member for planning and executing engagements to validate the efficacy of regulatory compliance internal controls. This role primarily supports monitoring and testing coverage for the New York Branch (SMBC NYB). The candidate should have functional knowledge of applicable U.S. banking laws and regulations, familiarity with the U.S. regulatory environment, risk identification/mitigation, and management of workflows for monitoring and testing engagements.

• Support examiner-in-charge of Compliance Monitoring and Testing engagements.
• Assist in developing and refining monitoring and testing scripts.
• Assist in preparation of information requests and Announcement Memorandums.
• Perform field work to validate the efficacy of internal controls.
• Prepare cohesive work papers for each engagement in accordance with department standards.
• Identify underlying issues and escalate/validate with stakeholders.
• Draft Issue Memorandums and Reports for management issuance.
• Assist in registering and tracking identified issues and corrective action plans to validate remediation efforts.
• Stay current with changing regulatory requirements and SMBC’s business model to maintain the applicable regulatory framework.

• 5-7 years of Banking and Compliance Experience
• CRCM Certification (Nice to have)
• Background in Compliance Testing, Bank Regulatory or Internal Audit
• Ability to work independently on projects with limited supervision
• Ability to learn quickly and dissect complex issues within a large financial institution
• Solid understanding of the US Regulatory Framework
• Strong communication and written skills
• Ability to multi-task and work efficiently and timely
• Motivated and action-oriented
• Adaptable and able to evolve with Bank Transformation

SMBC operates a Hybrid workforce model allowing work from home and from an SMBC office. Employees should live within a reasonable commuting distance of their office. The preferred hybrid schedule will be discussed during the interview. Some roles, including certain FINRA-registered roles, may require in-office attendance.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities in accordance with applicable laws. If accommodations are needed during the application process, please email

• Seniority level:
  Associate
• Employment type:
  
  Full-time
• Job function:
  Analyst
• Industries:
  Financial Services and Banking