FCC Program Governance Associate

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 $82,000.00 and $132,000.00. 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

This role within the Financial Crime Compliance (“FCC”) Program Governance team will be responsible for ensuring that FCC-related issues (i.e., Internal Audit, Compliance, self-identified and Regulatory) are timely and accurately registered, tracked, and reported. This role will directly utilize the Firm’s issue tracker system and interface with relevant stakeholders.

This role will report into the FCC Program Management Director. This is a great opportunity to work with various stakeholders across the compliance programs within the Americas Division and be involved in further building & strengthening of key compliance controls and processes. This role is currently required to be in the office once a week but may be subject to change based on business needs.

Responsibilities

• Assist in reviewing Action Plans for new issues to ensure that remedial actions are sufficiently detailed and specific to address and remediate the root cause of the identified issues.
• Work with issue owners / managers to ensure Action Plans are finalized and approved timely, and that status is periodically updated. Update the issue tracker system accordingly.
• Support the ongoing tracking and completion of FCC-owned issues and drive resolution.
• Assist compliance issue owners/managers through the issue closure process and follow up on open items for timely submission.
• Support Issue Closure Pack and artifact reviews to assess if documentation provided supports full remediation and closure of the issue.
• Identify and escalate any area of concern to immediate management.
• Produce accurate and timely issue reporting for relevant stakeholders and senior leadership.
• Track open FCC-related audits and compliance reviews; monitor for new issues.
• Provide user support and training for the issue tracking tool to FCC team members.
• May support or lead ad-hoc and special projects to further enhance key compliance programs as required by management.
  
  

Qualifications And Skills

• 3 years of direct, relevant experience in financial service operations, control, compliance, audit, and/or regulatory management.
• Functional knowledge of the Banking industry and applicable rules, regulations, and processes, especially BSA/AML/OFAC. Foreign bank and issue management experience are a plus.
• Superior organizational skills, with proven ability to successfully manage multiple, concurrent priorities and adapt as necessary.
• Ability to build relationships and collaborate with stakeholders across businesses and key functional support areas to drive results.
• Detail oriented, with excellent analytical and verbal/written communication skills.
• Proficient with Microsoft Excel, PowerPoint, Project and SharePoint.
  
  

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.