What are the responsibilities and job description for the Head of Corporate Compliance Quality Assurance position at SMBC Group?
The anticipated salary range for this role is between $144,000.00 and $180,000.00. 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
The Head of Quality Assurance is primarily responsible for ensuring that the Monitoring and Testing (M&T) and Compliance Risk Assessment teams execute their activities in alignment with the established program. This role requires a strong focus on governance to ensure that common standards and consistent practices are implemented across compliance testing disciplines and compliance risk assessments.
Role Objectives
- Quality Assurance : Oversee and ensure all testing work papers and associated documentation are appropriately prepared to effectively communicate testing scope and results to senior management, Monitoring and Testing Management, and Compliance Risk Assessment teams.
- Management Information System Reporting : Provide regular reporting to senior management and, where applicable, executive-level committees responsible for ensuring risk and compliance management.
- Annual Monitoring and Testing Plans : Supervise the setup of Annual Monitoring and Testing Plans at the beginning of each fiscal year, ensuring subordinate staff document all Compliance Reviews in the CPAD Monitoring and Testing Central Repository. Ensure updates are reviewed and approved by appropriate personnel.
- Issue Tracking : Manage the development and implementation of a CPAD Quality Assurance Issue Tracking process.
- Policy and Procedure Review : Oversee the annual review of CPAD Quality Assurance policies and procedures to ensure compliance with Bank policies.
- Management and Training of Staff : Lead the Quality Assurance Practices team, ensuring timely completion of QA activities. Develop and deliver internal training to address identified enhancement opportunities and ensure Testing Teams and Compliance Risk Assessment teams are current with best practices.
Qualifications and Skills
This role offers the opportunity to work in a dynamic environment and lead a critical function that ensures adherence to regulatory standards and organizational excellence.
Salary : $144,000 - $180,000
