- Sumitomo Mitsui Financial Group - Finance and Investment Industry
- $92,465.00 -163,220.00/year*
Financial Services - Banking/Investment/Finance
10 Bayside Terrace
OverviewThis role performs specialized tasks, routine operational day-to-day actions, and/or assists the Account Control Group (ACG) VP in directing day-to-day work of employees. This role reviews work of administrators and representatives, resolves complex matters and escalates as appropriate. The Analyst may have a formal or informal management role by supervising and/or training others. Additionally, this role may manage staff training, employee relations, workforce planning, and provide mentorship. Works closely with ACG VP to recommend improvements to policies and procedures. Depending on experience, may act as an SME for department and across function.ResponsibilitiesEnsures operational efficiencies and customer data integrity in accordance with internal policies and procedures of SMBC and Head Office and compliance with AML/BSA/OFAC regulations.Performs new customer on boarding, account opening, account updates and static data maintenance. Provides quality control of KYC (Know Your Customer) and CIP customer information and assures verification in accordance with AML policy and procedure.Ensures adherence to the SMBC KYC Program; supports industry-mandated changes or system changes by participating in the change process; recommends changes through compliance with bank policies.Troubleshoots routine and some complex issues with KYC/CIP system and various subsystems to resolution.Provides quality assurance for updates made to existing customer records including appropriate documentation review. Also performs quality assurance reviews on alerts or cases and tracks deficiencies in order to enhance procedural standards and takes initiatives to suggest, plan and implement changes.Working with the ACG VP, ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.Activities of the ACG team are governed by SMBCs Policies and Procedures. The ACG Analyst assists the ACG VP as assigned to ensure that the following are adhered to by all employees within the departmentEnsures that CIP information and mandatory DD/EDD information is collected prior to account openingCollects from the RM and reviewing, for adequacy and accuracy, all required KYC information and documentation within prescribed time frame.Confirms that verification documents are obtained by the RM and work performed by ACG are completed within a prescribed time frameConducts background checks (i.e., OFAC, politically exposed persons, 311 and adverse information checks)Maintains evidence of search results in the KYC system and escalating to the BSA Officer any confirmed or suspected name matches associated with material negative information.QualificationsRequired:3 to 5 years of specialized experience in Financial Services especially within Know Your Customer operationsVery strong technical knowledge of AML, Bank Secrecy Act, Foreign Asset ControlVery strong level knowledge of KYC (Know Your Customer) process and regulationsStrong knowledge of banking policies, statutory and compliance regulationsStrong knowledge of market practices related to compliance operationsGood judgement, sense of urgency and accountability; time- management skillsAbility to supervise and train othersAbility to execute in a high pressure environmentStrong written and verbal communication skillsJapanese writing and communication skills preferred
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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