Corporate Compliance Monitoring and Testing Associate

Sumitomo Mitsui Banking Corporation • City of White Plains, NY

116d • $80,000 - $131,000

About The Position

SMBC's Compliance Department Americas Division ('CPAD') is seeking a Compliance Monitoring and Testing Associate. The Associate-level position is responsible for supporting the monitoring and testing program. This position will principally serve as a team member for the planning and executing of monitoring and testing engagements to validate the efficacy of regulatory compliance internal controls. This role will primarily support the monitoring and testing coverage for New York Branch (SMBC's NYB). The candidate should have functional knowledge of applicable U.S. banking laws and regulations, Additionally, a familiarity of the U.S. regulatory environment, risk identification / mitigation, and managing the workflows for monitoring and testing engagements is essential.

Requirements

• 5-7 years of Banking and Compliance Experience
• CRCM Certification (A Plus)
• Has a Compliance Testing, Bank Regulatory or Internal Audit Background
• Able to work Independently on projects with little oversight
• Able to learn quickly and dissect complicated issues within a large and complex financial institution
• Solid understanding of the US Regulatory Framework
• Strong Communication and Written Skills
• Able to multi-task and perform work functions efficiently and timely
• Motivated and action-oriented
• Adaptable and able to evolve and change with Bank Transformation

Responsibilities

• Supporting examiner-in-charge of Compliance Monitoring and Testing engagements.
• Assists in the development and refinement of monitoring and testing scripts.
• Assists in the preparation of information requests and Announcement Memorandums.
• Performs assigned field work to validate the efficacy of internal controls.
• Prepares cohesive work papers for each engagement in accordance with department standards.
• Identifies underlying issues and escalation / validation thereof with stakeholders.
• Drafts Issue Memorandums and Reports for issuance to management.
• Assists in the registration and tracking of identified issues and corrective action plans to validate remediation efforts.
• Stays abreast of changing regulatory requirements and SMBC’s business model to maintain a solid foundation of the applicable regulatory framework.

Benefits

• Competitive portfolio of benefits
• Annual discretionary incentive award

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level