SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

 

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

 

The anticipated salary range for this role is between $72,000.00 and $85,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

Within the Financial Crimes Compliance, ("FCC"), the Sanctions Compliance Team ("SCT") is responsible for the review of alerts in transaction and customer screening. Analysts are led by Team Leads at the Associate level on the behalf of the Vice President ("VP") and report into a respective Team Lead. Analysts have the responsibility for overseeing the processes under their V.P.'s remit. The analyst may be involved in performing assignments in the absence of the Team Lead and ensure compliance of all transaction examination activities in accordance with regulatory requirements Bank Secrecy Act/Anti Money Laundering/Office of Foreign Assets Control (BSA/AML/OFAC), SMBC policies and procedures.

Scope
The Analyst follows established guidelines and to critically assess if system-generated alerts may warrant further investigation. May assist in training others. May perform manual screening related processes and communication with departments internal to the bank on the status of pending items. Individuals are expected to contribute to workflow or process change and redesign, and to form a strong understanding of the specific process. Primary focus is on execution within defined parameters, with some expansion based on developing capabilities and experiences. Complex transactions escalated to next level of investigation.

Role Objectives Ensures compliance with all regulatory practices outlined by CPAD (Compliance Department) BSA/AML/OFAC and adherence to Bank policies and procedures. Provides management and guidance to assigned team members in scope. Provide a first level review and record decision-making on transactions, SWIFT messages, customers and affiliated parties referred for manual review by the bank's automated compliance filters. Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines. Ensures completion of requests from BSA Officer in relation to conditional approvals or other requirements. Maintains ongoing contact with branches as necessary. Prepares reports and other materials as required in response to inquiries from internal and external auditors, bank departments, and regulators. Provides timely updates of internal bank policy changes, new regulatory compliance requirements, and recommendations from CPAD. Participates in system testing and implements system upgrades to ensure the integrity of systems and processes for transaction monitoring. Maintain oversight on movement of funds into and out of hold over account for suspended funds cases. Support timely record keeping for cases opened for investigation. Qualifications and Skills

CRITICAL JOB KNOWLEDGE AND CORE COMPETENCIES/ SKILLS

Thorough understanding of legal aspects and recordkeeping requirements of banking regulations relating to money transfer (especially OFAC, AML, BSA, USA PATRIOT Act). Strong knowledge of market practices related to foreign and domestic money transfers. Strong knowledge of OFAC regulations and Sanctions. Strong level knowledge of banking policies, statutory and compliance regulations.
Strong knowledge of accounting principals and practices. Ability to interpret changes in the regulatory framework and implement in investigative review of stopped payments and customer relationships. Knowledge of SWIFT / Payment Message Types Strong sense of urgency, accuracy and accountability; responsive to time sensitive needs. Strong management skills; decision making, influencing and delegation skills; works independently. Strong analytical, presentation and communication skills. Previous sanctions screening experience preferred. Ability to work under pressure and with tight deadlines.

REQUIREMENTS

Work Experience: 2 to 5 years of specialized experience in Financial Services Compliance, Payment System or Money Transfer preferred. Previous screening experience. Education: Preferred BA / BS (or equivalent experience). Licenses / Certifications / Registrations: CAMS and/or CGSS preferred. Language Skills: Business fluency in English. Software Systems / Programming Languages: SWIFT preferred. FircoSoft preferred.

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.