Corporate Compliance Monitoring and Testing Associate

Corporate Compliance Monitoring and Testing Associate

SMBC's Compliance Department Americas Division ("CPAD") is seeking a Compliance Monitoring and Testing Associate. The Associate-level position is responsible for supporting the monitoring and testing program. This position will principally serve as a team member for the planning and executing of monitoring and testing engagements to validate the efficacy of regulatory compliance internal controls. This role will primarily support the monitoring and testing coverage for New York Branch (SMBC's NYB). The candidate should have functional knowledge of applicable U.S. banking 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.

Role Objectives :

• Supporting examiner-in-charge of Compliance Monitoring and Testing engagements.
• Assists in the development and refinement of monitoring and testing scripts.
• Assists in the preparation of information requests and Announcement Memorandums.
• Performs assigned field work to validate the efficacy of internal controls.
• Prepares cohesive work papers for each engagement in accordance with department standards.
• Identifies underlying issues and escalation / validation thereof with stakeholders.
• Drafts Issue Memorandums and Reports for issuance to management.
• Assists in the registration and tracking of identified issues and corrective action plans to validate remediation efforts.
• Stays abreast of changing regulatory requirements and SMBC's business model to maintain a solid foundation of the applicable regulatory framework.

Qualifications and Skills :

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.