SMBC Group · 1 day ago
Compliance Specialist (Sanctions)
Jersey City, NJ
Full-time
Onsite
Mid, Senior Level
$80K/yr - $131K/yr
5+ years expSMBC Group is a top-tier global financial group offering a diverse range of financial services. The Compliance Specialist will manage sanctions risk, oversee list management processes, and ensure compliance with regulatory requirements while supporting the Financial Crimes Prevention Unit.
AdviceBankingFinancial Services
Responsibilities
Primary responsibility for the sanctions list management process in their department reporting into VP
Monitors, performs, coordinates, and oversees all aspects with regard to ongoing list updates including OFAC, MOFA, United Nationals Security Council and other internal lists employed at SMBC
Ensures all updates are completed in accordance with procedures and within prescribed service level turn-around times
Maintains supporting documents for each process step within a list update
Escalates to, and works, with Head Office to identity and resolve potential source file data quality issues
Escalates to, and works with, Technology Teams to resolve potential automated process components
Escalates to, and works, with upper management and across Americas Division to identity and resolve any issues
Participates in application testing and implements system upgrades to ensure the integrity of systems and ongoing processes
Makes recommendations to improve efficiency and bring automation to additional aspects of the List Management process
Works with FCC partners to perform ongoing monthly review and maintenance of the New York Branch Internal Watchlist
Responsible for the updating and maintenance of various List Management guideline documents
Supports QA, Audit, and external examinations of the List Management process. Prepares reports and other materials as required in response to related inquiries. Provides timely updates of internal bank policy changes, new regulatory compliance requirements, and recommendations from CPAD
Ensures maintenance of OFAC sanctions lists and Internal Watchlists utilized by the filtering system
Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines
May also be called upon to assist other department members with day-to-day workflow management, performance and management of assigned staff; assistance in the maintenance and enhancement of department processes; and oversight, testing of upgrades to Compliance applications. May include governance, advisory, or QC related tasks
Will support Investigative work and reviews on a secondary basis, and may also support sanctions alert-clearing processes on a contingency basis
Qualification
Required
5 to 7 years of specialized experience in Financial Services Compliance, Payment System or Money Transfer
Experience with Sanctions List Update processes
Business fluency in English
Preferred
Previous screening experience
Experience with project and process automation
Experience with Dow Jones Factiva
Preferred BA / BS (or equivalent experience)
CAMS preferred
Fircosoft preferred (Continuity, Trust, FMM, and Classic)
SWIFT Preferred
Benefits
Annual discretionary incentive award
Competitive portfolio of benefits
Company
SMBC Group
SMBC Group is a top-tier global financial group.
10001+ employees
H1B Sponsorship
SMBC Group has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (160)
2024 (87)
2023 (73)
2022 (44)
2021 (29)
2020 (26)
Funding
Current Stage
Late StageLeadership Team
Hirofumi Otsuka
Senior Managing Executive Officer & CEO of Americas Division
Juan Kreutz
Head of Structured Finance Solutions and Deputy Head of the Americas
Recent News
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