Compliance Monitoring & Testing, Vice President
Sumitomo Mitsui Banking Corporation – SMBC Group
full-time
Posted on:
Location Type: Hybrid
Location: Jersey City • New Jersey • United States
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Salary
💰 $138,000 - $185,000 per year
Job Level
About the role
- responsible for execution of the monitoring and testing program
- executes monitoring and testing activities for the M&T Program
- serves as the examiner-in-charge responsible for compliance monitoring and testing engagements primarily for Banking Activities or thematic AD-wide reviews
- assists in the development and refinement of monitoring and testing scripts
- prepares information requests, announcement memoranda and Kick-Off Memos to start Compliance Reviews
- performs Control Design Effectiveness analysis and review of the rules and regulations under review
- performs assigned field work to validate the efficacy of internal controls and direct oversight of assigned staff and their assignments
- ensures that cohesive work papers are prepared for each engagement in accordance with departmental standards
- identifies underlying issues and escalation / validation thereof with stakeholders
- drafts exceptions logs, manages factual accuracy with stakeholders and oversees reporting for issuance to management and stakeholders
- assists in the registration and tracking of identified issues and corrective action plans to validate remediation efforts
- oversees and participates in the tracking and validation of issues raised during monitoring and testing activities until closure
- stays abreast of changing regulatory requirements and SMBC’s business model to maintain a solid foundation of the applicable regulatory framework
- assists in the consolidation and reporting of results within local and Head Office reporting as requested
- assists in preparation of the Annual Plan with the Team Lead based on the results of the Compliance Risk Assessment
Requirements
- BA/BS Required
- 10+ years of Banking and Compliance Experience
- Has a Compliance Testing, Bank Regulatory or Internal Audit background
- Requires a solid understanding of the Volcker Rule and requirements
- Able to manage work independently and effectively and escalate to senior management
- Able to execute monitoring and testing with team and lead and manage as well
- Able to work independently on projects with little oversight
- Able to learn quickly and dissect complicated issues within a large and complex financial institution
- CRCM certification a plus
Benefits
- competitive portfolio of benefits to its employees
- annual discretionary incentive award
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
monitoring and testingControl Design Effectiveness analysiscompliance monitoringtesting scripts developmentfield work validationinternal controls oversightreportingissue trackingregulatory requirements analysisCompliance Risk Assessment
Soft Skills
independent managementeffective communicationteam leadershipproblem-solvingstakeholder engagementorganizational skillsattention to detailadaptabilityanalytical thinkingcollaboration
Certifications
CRCM certification