Compliance Analyst

SUMITOMO MITSUI TRUST BANK, LIMITED•New York, NY

3d•Hybrid

About The Position

The Compliance Analyst is responsible for identifying and developing criteria and commentary on critical compliance issues across the Bank. Prepares and delivers Bank-wide and targeted training. Drafts new and existing policies and procedures to ensure that the Bank meets the requirement of various legal and regulatory agencies. Responsible for Know Your Customer due diligence, monitoring employee accounts, and Anti Money Laundering activities. Ensures ongoing improvement and evolution of governance programs and identifies risks and/or gaps in the system.

Requirements

Bachelor’s degree or equivalent.
Excellent computer skills in Microsoft Office (Excel, Word, and PowerPoint).
Excellent interpersonal skills, good oral and written communication skills.
Good detail orientation, organizational, and multitasking skills.
Strong basic math skills required.

Nice To Haves

Proficiency in Excel, Access, VBA script, preferred.

Responsibilities

Clears Prime System generated BSA related alerts and documents rationales.
Performs various watch list related verifications and record-keeping (OFAC/ FinCEN 314a/Japan List).
Performs BSA compliance Tests as well as Corporate Compliance Tests
Performs Customer/Account Profile reviews via Surety software.
Reconciles Employee Personal Trading Monitoring Program related documents.
Updates various compliance related logs and keeps track of compliance related documents.
Arrange meetings, take minutes.
Assists and prepares compliance testing work papers for all the tests performed.
Participates in periodic compliance related committees. Take minutes.
Assists with preparation of Fed/State pre-planning and introduction letter/first day letter materials.
Maintains files on appropriate regulatory compliance related issues.
Prepares Compliance newsletter to be sent within the department weekly and Branch wide Compliance newsletter to be sent within the Branch monthly.
Prepares various monthly reports.
Assists with the Annual Risk Assessment of BSA and Corporate Compliance.
Ensures that ethical practices are effectively communicated to all employees throughout SMTBNY and promotes adherence to all ethical practices by all employees.
Performs other duties and responsibilities as assigned by management.