What are the responsibilities and job description for the Vice President, Control Design and Monitoring position at SMBC Group?
The anticipated salary range for this role is between $123,000.00 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 Business Control Office (BCO) has the responsibility to ensure the implementation of consistent risk control frameworks and establishment of efficient risk controls across SMBC Group AD. The Control Design and Monitoring function is a central BCO function responsible for overall development and execution of 1st line control testing and monitoring program. The BCO Control Testing and Monitoring role will provide support in establishment of control monitoring routines and conduct control testing to maintain a strong control environment across Americas Division. The position requires effective interaction with various Business Units to gain an understanding of the current process and controls for control testing and monitoring and help remediate any gaps / findings. This position will help enhance the controls through process deep dives, root cause analysis, developing process maps and overall assistance with the design and execution of control effectiveness assessments.
Responsibilities
- Review and evaluate internal key controls in Banking, Capital Markets and Sales and Trading risk areas to ensure compliance with internal policies and applicable rules, laws and regulations
- Develop Control Monitoring / Testing routines with detailed documentation, walkthroughs, analysis and evaluation of the current processes
- Assess the effectiveness of the controls and make recommendations for enhancement and strengthening of the control environment
- Prepare detailed work-papers and Monitoring results reports summarizing scope, methodology, and significant conclusions of testing / monitoring performed within prescribed time frames
- Clearly communicate the Program requirements and the results with stakeholders and drive remediation where needed
- Assist in the reporting and tracking of identified issues and corrective action plans to validate remediation efforts.
- Perform deep dives of Front Office processes to identify areas of control weaknesses and process inefficiencies that may need enhancement.
Qualifications
Salary : $123,000 - $180,000
