Head of FCC Monitoring & Testing

Head of FCC Monitoring & Testing

Reporting to the Head of Compliance Monitoring & Testing in the Compliance Department, Americas Division, the Head of Financial Crime Compliance (FCC) Monitoring & Testing manages the execution of SMBC's Americas Division FCC testing and monitoring program, with primary focus on BSA / AML, Sanctions, Fraud and Anti-Bribery & Corruption testing. The role is responsible for overseeing the day-to-day operations and managing a team of compliance professionals performing testing and monitoring activities that assess the design and operating effectiveness of SMBC's controls to mitigate the risks related to BSA / AML, Sanctions, Fraud and Anti-Bribery and Corruption, assess adherence to SMBC's policies, procedures, and processes, as well as applicable laws and regulations applicable to these risk areas.

The Head of FCC M&T will have oversight of a team of compliance professionals to support the execution of monitoring and testing engagements. The candidate should have functional knowledge of applicable U.S. banking laws and regulations with specific emphasis on Bank Secrecy Act / Anti-Money Laundering (BSA / AML), sanctions, fraud and anti-bribery & corruption laws and regulations. Additionally, a familiarity of the U.S. regulatory environment, risk identification / mitigation; and managing the workflows for monitoring and testing engagements is essential. Strong operational skill set and innovation mindset with awareness of industry best practices is required to enhance the overall program. The Head of FCC M&T will interact with key stakeholders from various internal bank departments such as KYC, Sanctions, Financial Intelligence Unit, Data Analytics, Program Management, Risk and Control, Anti-Fraud / Anti-Bribery & Corruption, and Internal Audit, in addition to engagement with Head Office Personnel.

Role Objectives

• Manage a team performing FCC M&T over all applicable group companies throughout SMBC's Americas Division.
• Provide direct oversight of assigned M&T staff and act as a role model for the assigned M&T staff.
• Work with the Head Compliance M&T to develop a risk-based annual M&T Plan and a detailed schedule of activities to ensure effective tracking of deliverables throughout the year.
• Work with the Head of Compliance M&T to conduct capacity analysis and resourcing planning to ensure timely delivery of all activities in the FCC M&T Plan.
• Maintain and ensure timely update to FCC M&T Procedures.
• Oversee the execution of all FCC M&T activities to ensure timely delivery of all activities in the FCC M&T Plan, in alignment with the quality standards set forth in SMBC AD M&T Policy and Procedures.
• Present FCC M&T results and related metrics to SMBC's Senior Management.
• Proactively identify training opportunities for the FCC M&T staff.
• Foster a culture of strong partnership with internal stakeholders for the FCC M&T team.
• Stay abreast of changing regulatory requirements and SMBC's business model to maintain a solid foundation of the applicable regulatory framework.
• Supports the consolidation and reporting of results within local and Head Office reporting.
• Support the Head of Compliance M&T in leading transformation / program enhancements initiatives to keep the program aligned with industry best practices.

Qualifications and Skills

Additional Requirements

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Education :

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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.