Compliance Manager (Banking) jobs in New York, NY

Role Description

This role contributes to the overall success of the Compliance Department as a key contributor to the Compliance advisory function of the Americas Division. This position will work directly with the Advisory Team, the first line of defense (“1LOD”) as well as the heads of US Compliance verticals to build a bank regulatory compliance program covering US state and federal banking rules applicable to SMBC including, but not limited to Federal Reserve Act Sections 23A/B and Regulation W inclusive of business process and controls optimization, risk remediation and control enhancement, and regulatory compliance.

The CPAD group within SMBC serves as a 2LOD compliance function responsible for overseeing and monitoring the firm's compliance risk. This the VP Advisory Compliance Officer role supports the CPAD Bank Advisory team in building and maintaining a bank regulatory compliance program to help ensure compliance with applicable state and federal banking rules applicable to SMBC branches, representative offices, and other entities of SMBC's US operations. The role also involves providing compliance advice and support to business lines who utilize SMBC bank branches and certain other group companies. Incumbents may assist in development and execution of compliance coverage plans, provide compliance advice to support current transactional activities/structures and new products, assist in development of compliance/business policies and procedures, as well as oversee various assigned projects to improve efficiencies. Individuals at this level must understand the firm's different businesses and products, as well as the rules to which the areas/products are subject.

Role Objectives

• Support Bank Advisory Compliance (BAC) team in developing and maintaining processes and practices to provide second line compliance coverage of relevant state and federal banking rules (e.g. Regulation W, Regulation D, Anti-Tying, Permissible investments/activities, Regulation Y, US Bank Holding Company Act, etc.).
• Assist with and perform regular recurring 2LOD controls/monitoring and maintain relevant logs and documentation
• Support business line compliance advisory staff on execution and administration of projects/initiatives (e.g. policy communications, control implementation) and tasks (e.g. breach review and management)
• Liaise with other compliance departments to assist with execution of BAC directives
• Responsible for creation of group risk and metrics reporting
• Manage processes for tracking and execution of reg changes, policy development/reviews, training material, etc
• Work closely with other supports units to help create and maintain best practice across the Firm.

Qualifications and Skills

Qualifications and Skills

• Knowledge of general compliance themes and processes. General understanding of banking rules helpful
• Ability to effectively communicate with staff and management of SMBC bank branches, representative offices and certain affiliate companies.
• Ability to build consensus among stakeholders.
• Attention to detail and discipline to follow up on issues until resolved.
• Must be well organized with prioritization and project management skills

Work Experience:

• 7 to 10 years of specialized experience
• Regulatory compliance experience at banks or broker dealers.

Education:

• Required: BA / BS
• Language Skills:
• Business fluency in the following language(s): English