SMBC Group · 23 hours ago
Vice President, Compliance Monitoring and Testing
Jersey City, NJ
Full-time
Hybrid
Senior Level, Lead/Staff
$138K/yr - $185K/yr
10+ years expSMBC Group is a top-tier global financial group offering a diverse range of financial services. They are seeking a Vice President of Financial Crime Compliance Testing to manage testing activities and lead compliance testing engagements to validate regulatory compliance internal controls and processes.
AdviceBankingFinancial Services
Responsibilities
Manages testing activities for all applicable financial crime compliance risks to ensure the accurate and timely execution of all testing deliverables
Serves as the examiner-in-charge responsible for all facets of compliance testing engagements
Manages ongoing development and refinement of testing scripts
Plans engagements and prepares information requests and announcement memos to start Testing Reviews
Oversees the execution of fieldwork to validate the efficacy of internal controls
Maintains strong communication channels with internal clients throughout the execution of testing engagements, including kick-off and closeout meetings, requests for information, vetting of potential issues
Ensures that fieldwork is adequately documented, and issues are properly vetted before the publication of the final testing results
Ensures that cohesive workpapers are prepared for each engagement in accordance with department standards
Oversees the drafting and publication of formal testing reports to management
Oversees the input, tracking, and validation 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
Supports the consolidation and reporting of results within local and Head Office reporting
Develops annual compliance testing schedules with Compliance management
Qualification
Required
Bachelor's Degree required; Advanced Degree and/or Certifications is preferred
At least 10 years of prior regulatory, compliance testing, audit and/or risk management experience with demonstrated track record of increasing management responsibilities
Strong working knowledge of BSA/AML, OFAC, FinCEN, FATF, FCPA, and global financial crime regulatory frameworks
Excellent written, verbal, and presentation skills; adept at presenting complex issues to senior management
Foundational knowledge of financial crime systems and tools (e.g. Actimize, Fircosoft, Fenergo)
Strong desire to continually deliver high-quality and meaningful work product in a timely and efficient manner
Motivated and action-oriented and self-starter
Demonstrates sound judgement, political astuteness, and sensitivity to cultural diversity
Strong interpersonal and communications skills to successfully interface with all levels of management and maintain solid working relationships
Maintains a regulatory compliance risk mindset to understand underlying risks and weaknesses to properly mitigate such risks
Technical competency of applicable laws and regulations and application thereof during monitoring and testing engagements
Strong analytical skills and attention to detail
Ability to manage multiple assignments and reprioritize as circumstances may dictate
Adaptable and able to evolve and change with Bank Transformation
Preferred
Advanced Degree and/or Certifications
Professional certification in AML, sanctions, or financial crime compliance is preferred (e.g. CAMS, CGSS, CFE, CFCS)
Financial services experience and knowledge of wholesale banking products as well as commercial leasing business, preferred
Benefits
Annual discretionary incentive award
A 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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