Director, Compliance Monitoring & Testing - FCC M&T Team Lead

The anticipated salary range for this role is between $196,000.00 and $240,000.00. 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 Director of BSA / AML Compliance Monitoring and Testing (“M&T”). The Director will principally lead a team within the AML M&T group. This role will have coverage for SMBC's U.S. operations.

The Director will have oversight of a team of compliance professionals to support monitoring and testing engagements to validate the efficacy of regulatory compliance internal controls. 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”) and sanctions 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

• Manage Monitoring and Testing (“M&T”) activities for all applicable financial crime compliance risks to ensure the accurate and timely execution of all monitoring and testing deliverables.
• Serve as the examiner-in-charge responsible for all facets of compliance monitoring and testing engagements including, but not limited to :
• Manage ongoing development and refinement of monitoring and testing scripts.
• Plan engagements and prepare information requests and announcement memos to start Compliance Reviews.
• Oversee the execution of field work to validate the efficacy of internal controls.
• Develop partnership and maintain strong communication channels with internal clients throughout the execution of monitoring and testing engagements, including kick-off and closeout meetings, requests for information, vetting of potential issues.
• Ensure that field work is adequately documented, and issues are properly vetted before the publication of the final monitoring and testing results.
• Oversee the drafting of and publish formal testing reports to management.
• Oversee the input, tracking, and validation of identified issues and corrective action plans to validate remediation efforts.
• 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.
• Develop annual compliance monitoring and testing Plan with the Head of M&T.
• Support the Head of M&T in leading transformation / program enhancements initiatives to keep the program aligned with industry best practices.
• Provide direct oversight of assigned M&T staff and act as a role model for the assigned M&T staff.

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.

Salary : $196,000 - $240,000