Sumitomo Mitsui Banking Corporation-posted 5 months ago
$75,000 - $120,000/Yr
Full-time • Mid Level
Jersey City, NJ

Within the Compliance Operations Department, the Account Control Group (ACG) QC is responsible for performing processes related to Know Your Customer (KYC/CIP), assessing the quality of KYC folders, assisting with specialized projects, and supporting the ACG VP with day-to-day operational processes and reporting within ACG. May act in capacity of team leader or individual contributor. Ensures operational efficiencies and customer data integrity in accordance with internal policies and procedures of SMBC and Head Office and compliance with AML/BSA/OFAC regulations. Performs new customer onboarding, account opening, account updates and static data maintenance. Provides quality control of KYC (Know Your Customer) and CIP customer information and assures verification in accordance with AML policy and procedure. Ensures adherence to the SMBC KYC Program; supports industry-mandated changes or system changes by participating in the change process; recommends changes through compliance with bank policies. Activities of the ACG team are governed by SMBC’s Policies and Procedures. The ACG QC assists the ACG VP as assigned to ensure that the following are adhered to by all employees within the department: ensures that CIP information and mandatory DD/EDD information is collected prior to account opening; collects from the RM and reviewing, for adequacy and accuracy, all required KYC information and documentation within prescribed time frame. Confirms that verification documents are obtained by the RM and work performed by the ACG Analyst are completed within a prescribed time frame; conducts background checks (i.e., OFAC, politically exposed persons, 311 and adverse information checks), maintains evidence of search results in the KYC system and escalating to the BSA Officer any confirmed or suspected name matches associated with material negative information. Troubleshoots routine and some complex issues with KYC/CIP system and various subsystems to resolution. Provides quality check for updates made to existing customer records including appropriate documentation review. Also performs quality check reviews on alerts or cases and tracks deficiencies in order to enhance procedural standards and takes initiatives to suggest, plan and implement changes. Working with the ACG VP, ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

  • Perform processes related to Know Your Customer (KYC/CIP)
  • Assess the quality of KYC folders
  • Assist with specialized projects
  • Support the ACG VP with day-to-day operational processes and reporting
  • Ensure operational efficiencies and customer data integrity
  • Perform new customer onboarding, account opening, account updates and static data maintenance
  • Provide quality control of KYC and CIP customer information
  • Ensure adherence to the SMBC KYC Program
  • Collect and review all required KYC information and documentation
  • Conduct background checks and maintain evidence of search results
  • Troubleshoot routine and complex issues with KYC/CIP system
  • Provide quality check for updates made to existing customer records
  • Ensure business continuity under all conditions
  • Very strong technical knowledge of AML, Bank Secrecy Act, Foreign Asset Control
  • Very strong level knowledge of KYC process and regulations
  • Strong knowledge of banking policies, statutory and compliance regulations
  • Strong knowledge of market practices related to compliance operations
  • Good judgement, sense of urgency and accountability
  • Time-management skills and critical thinking skills
  • Ability to supervise and train others
  • Ability to execute in a high pressure environment
  • Good interpersonal skills
  • Strong written and verbal communication skills
  • Competitive salary range between $75,000.00 and $120,000.00
  • Annual discretionary incentive award
  • Competitive portfolio of benefits
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