Corporate Compliance Analyst

SUMITOMO MITSUI TRUST BANK, LIMITED•New York, NY

7d•$120,000 - $145,000•Hybrid

About The Position

The Corporate Compliance Analyst supports the AD’s Regulatory Compliance Department (“RCD”) in maintaining and enhancing the Corporate Compliance framework for the AD. The role is responsible for monitoring regulatory developments, assessing compliance risks, conducting testing and reviews, supporting regulatory examinations, and helping ensure adherence to applicable federal and state banking laws, regulations, and supervisory guidance. The ideal candidate possesses a strong understanding of the regulatory environment governing U.S. branches and agencies of foreign banking organizations, including requirements established by the Federal Reserve Board (FRB), New York State Department of Financial Services (NYDFS), and other applicable regulatory authorities. The Corporate Compliance Analyst is responsible for identifying and developing criteria and commentary on critical compliance issues across the Bank. Drafts new and existing policies and procedures to ensure that the AD meets the requirement of various legal and regulatory agencies. Ensures ongoing improvement and evolution of governance programs and identifies risks and/or gaps in the Program.

Requirements

Knowledge of regulations and supervisory expectations applicable to U.S. branches of foreign banking organizations, including but not limited to: Foreign Corrupt Practices Act and other ABC-related laws, Insider-trading related laws and regulations, Fraud-related laws, Legal Lending Limits, Anti-tying laws, Anti-boycott laws, Abandoned Property, NYDFS regulations / guidance.
Ability to assess laws / regulations / guidance and translate them into practical business requirements.
Ability to prepare professional reports and presentations for management and regulators.
Bachelor’s Degree or equivalent and at least 4 years of related experience in Corporate Compliance at a financial institution (preferably a U.S. branch of a Foreign Bank and/or a subsidiary of a Foreign Bank).
Excellent analytical, investigative, and problem-solving skills.
Excellent organizational and communication skills (writing and interpersonal).
Proficient in Microsoft Office Suite, including Excel, Word, and PowerPoint.
Excellent interpersonal skills, good oral and written communication skills.
Strong organizational skills with the ability to manage multiple priorities and deadlines.
High level of integrity, professionalism, and attention to detail.

Nice To Haves

Knowledge of SEC laws, rules and regulations preferred.

Responsibilities

Monitor and analyze changes in federal and state banking laws, regulations, supervisory guidance, and enforcement actions.
Assess the impact of regulatory changes on AD and coordinate implementation efforts with business and control functions.
Enhance and update AD’s regulatory inventory and compliance obligations framework.
Assist in the identification, assessment, monitoring, and reporting of compliance risks across business lines and operational functions.
Lead the annual Corporate Compliance risk assessment process and make ongoing enhancements to the risk assessment process.
Maintain and enhance the Corporate Compliance Testing Program.
Conduct Corporate Compliance Testing, make appropriate recommendations in relation to identified issues, and track compliance issues / corrective action plans / and remediation activities to completion.
Maintain and enhance the Employee Personal Trading Monitoring Program (“EPTMP”).
Maintain and enhance the policies and procedures and control framework related to Gifts and Entertainment.
Prepare reporting for relevant governing bodies.
Review and update Corporate Compliance policies, procedures, and controls to ensure alignment with regulatory requirements.
Maintain related policy governance documentation and attestations.
Coordinate Corporate Compliance-related responses to regulatory examinations, inquiries, and information requests from NYDFS, FRB, internal audit, and external auditors.
Assist in the preparation of regulatory examination materials and management responses.
Track examination findings and remediation activities through completion.
Update various compliance related logs and keeps track of compliance related documents.
Assist in minute-taking of any compliance related committees.
Prepare and deliver Bank-wide and targeted training on compliance topics.
Prepare reports and presentations relating to the Corporate Compliance Program.
Perform and assist with other duties and responsibilities as assigned by management.