What are the responsibilities and job description for the Corporate Compliance Monitoring and Testing Associate position at SMBC Group?
The anticipated salary range for this role is between $80,000.00 and $131,000.00. 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
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
Salary : $80,000 - $131,000
