Governance, Risk and Compliance Lead – Financial Crimes
Common Securitization Solutions
Team Leader, KYC
Sumitomo Mitsui Banking Corporation – SMBC Group
full-time
Posted on:
Location Type: Remote
Location: Remote • Arizona, California, Connecticut, Florida, Illinois, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington • 🇺🇸 United States
Visit company websiteSalary
💰 $80,000 - $132,000 per year
Job Level
Senior
About the role
- Support KYC, VP to ensure KYC Standards and Policies are consistently applied and address gaps and areas of opportunities and identify any material variances to avoid delays and backlogs
- Perform quality control on initial and periodic DBU KYC reviews submitted by analysts to ensure reviews are being worked in accordance with KYC procedures
- Maintain and enhance the bank’s KYC procedures and controls to meet regulatory obligations and expectations as well as industry best standards and obtain required approvals
- Provide ongoing feedback to KYC analysts on quality of work and training where necessary
- Provide Subject Matter Expertise on potential risks identified during KYC and Enhanced Due Diligence review process; Develop and conduct KYC-related employee training on a regular basis
- May assist in providing documentation as required in response to inquiries from internal and external auditors, Bank departments, and regulators
- Assist VP with maintaining statistical reports necessary for evaluation by KYC management. This includes but is not limited to case management and analyst performance metrics
- Ability to make risk-based sound decisions on matters requiring management attention
- Assist VP in maintaining and updating KYC procedures as Jenius customer base grows and new products are offered
- Maintain ongoing monitoring and due diligence of customers including assessment of the customer's risk rating through periodic KYC reviews and triggered events
- Work collaboratively with colleagues across 1st, 2nd, and 3rd lines of defense by participating and leading relevant KYC projects and initiatives and training; influence changes to processes, procedures, and controls to mitigate KYC compliance risk
- Work with the DBU KYC, VP to ensure the department's compliance with all regulatory practices outlined by FCC/BSA/AML/OFAC including adherence to Jenius Bank policies and procedures, and the timely and successful completion of all KYC reviews and related investigations
- Assist in promoting a culture of compliance and ethical conduct throughout the organization
- Collaborate with cross-functional teams, including compliance, legal, risk management, fraud, and IT to advance DBU KYCs strategic goals
- Keep abreast of changes in regulatory requirements and evolving trends in financial crime to adapt the organization’s practices accordingly
- Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA PATRIOT Act, FFIEC Manual, and evolving banking landscape
- Provide training to new staff.
Requirements
- 5+ years specialized experience in Financial Services and KYC/CDD/EDD compliance, and anti-money laundering (AML)
- In-depth knowledge of KYC, USA PATRIOT Act, BSA Act, FFIEC manual, regulatory requirements, industry best practices, and emerging trends
- Ability to work in a remote, dynamic, fast-paced environment, and adjust to changing priorities
- Strong interpersonal and communication skills to effectively collaborate with stakeholders at all levels
- Experience with MS Office and SharePoint
- Expert knowledge of banking products and services
- Strong communication and presentation skills with the ability to convey complex ideas in a clear, concise manner to senior leaders and/or regulators.
Benefits
- competitive portfolio of benefits to its employees
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
KYCCDDEDDanti-money launderingregulatory compliancerisk assessmentquality controlstatistical reportingtraining developmentfinancial crime prevention
Soft skills
interpersonal skillscommunication skillscollaborationdecision makingadaptabilitypresentation skillsfeedback provisioninfluenceproblem solvingleadership
