What are the responsibilities and job description for the VP of Compliance Program Management position at Sumitomo Mitsui Banking Corporation?
Overview:
Responsibilities:
Reporting to the Director of Compliance Program Management, the Vice President of Compliance Program Management leads a team that assists the BSA/AML Compliance department in the oversight, implementation, and enhancement of the BSA/AML/OFAC Compliance Program. This role works with stakeholders within the Compliance Department and business partners throughout SMBC to enhance the BSA/AML/OFAC Compliance Program, and is a liaison between internal audit, banking regulators and Head Office.
Act as a subject matter advisor to enhance existing compliance policies, procedures, and processes to ensure compliance with U.S. and international AML and sanctions laws and regulations, regulatory guidance and compliance best practices
- Assist in the coordination of first-line policy and procedure updates to ensure program updates are made by business lines in a timely fashion
- Assist in the development and expansion of Program Office’s relationships with first line partners and Head Office
- Assist with the creation and subsequent management of robust and detailed Microsoft Project plans that may include multiple sub-plans and cross-functional dependencies
- Monitor AML and Sanctions regulatory environment for potential changes to the AML and Sanctions Programs
- Assist with the management of the BSA/AML and Sanctions Risk Assessment process and draft reports for BSA/AML Officer and senior management review
- Manage the Risk and Control Self-Assessment (“RCSA”) process and draft reports for BSA/AML Compliance Officer and senior management review
- Manage, coordinate, and track regulatory examinations and internal audit reviews end-to-end to ensure third party reviews are conducted efficiently and Branch senior management is informed of latest developments. Complete third-party risk management duties, as needed
- Assist with the coordination of budget monitoring and reporting for Financial Crimes Function
- Assist with the management of annual staffing needs assessment processes
Responsibilities:
- Minimum of 7 years of experience in project management with a minimum of 3 years in the financial services industry addressing regulatory issues and optimizing operations
- Bachelor’s or Master’s Degree in relevant discipline (e.g., Accounting, Finance, Banking, Law or other related field)
- Demonstrate strong project management or team leadership skills
- Strong communication and presentation skills
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Strong analytical skills to identify, document, present, and report issue
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Extensive experience with Microsoft Project, Visio, SharePoint and other applications within the Office suite
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Knowledge and understanding of Japanese culture and foreign banks in general is desirable
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Knowledge of banking products and services.
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Strong relationship-building skills
- Extensive experience with, and knowledge of, BSA/AML/OFAC laws, rules and regulations
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Strong reasoning ability; understand complex situations, people and systems needs against backdrop of an ever-changing regulatory environment
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Maintains high level of confidentiality; unquestionable character, integrity, and professionalism
Project Management Professional (PMP) desired
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CAMS certification highly desired
- 7 to 10 years of specialized experience in Financial Services
- Knowledge and understanding of Japanese culture and foreign banks in general is desirable
-
Knowledge of banking products and services.
-
Strong relationship-building skills
- Extensive experience with, and knowledge of, BSA/AML/OFAC laws, rules and regulations
-
Strong reasoning ability; understand complex situations, people and systems needs against backdrop of an ever-changing regulatory environment
-
Maintains high level of confidentiality; unquestionable character, integrity, and professionalism
Project Management Professional (PMP) desired
- CAMS certification highly desired
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