Analyst, KYC - Houston, United States - Sumitomo Mitsui Banking Corp

Description

Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close-knit and fun-loving team of seasoned financial services professionals who came together for the challenge of building a bank from scratch - and we are committed to doing it all the right way (from technology infrastructure to modern marketing to customer experience).

The anticipated salary range for this role is between $71,000.00and $83, 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.

We work with the flexibility and speed of a start-up. But we also have significant stability and capital from being part of the SMBC Group (Sumitomo Mitsui Banking Corporation). SMBC is the second largest bank in Japan and the 12th largest bank in the world with operations in over forty countries. And SMBC is committed to disrupting the US marketplace with ground-breaking products.

It is the best of both worlds, and we are seeking proven marketing leaders to propel us towards a national launch. We have both the ambitious growth plans and the 'patient capital' necessary to execute a multi-year plan. Join us on the journey to deliver an exciting concept of evolved banking.

SUMMARY:

Design and maintain centralized AML, ABC and sanctions framework and associated policies, standards and conformance monitoring criteria. Educate business stakeholders on key policy requirements and raise awareness on important themes and expectations. Routinely monitor framework and policies and introduce improvements as appropriate. Identify possible framework gaps to be addressed.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Support the design and maintenance of centralized AML, ABC and sanctions framework and associated policies, standards and conformance monitoring criteria.
• Draft guidance documents, FAQs and other educational materials to be used in internal communications to business stakeholders on key policy requirements.
• Manage the administration of AML, ABC and sanctions framework and policy updates as needed.
• Ensure that internal policy standards are met with respect to completeness, sustainability and clarity as business landscape evolves.
• Prepare high quality analyses of audit findings, internal and external case studies, and stakeholder feedback for review with team management to identify possible framework gaps to be addressed.
• Leverage team's relationships with specialist compliance teams and business line compliance to establish network of contacts and stay informed on evolving framework and training requirements.
• Seek out opportunities to partner with colleagues in adjacent support functions, including legal, HR and risk management, in the design and optimization of AML, ABC and sanctions framework and associated training content.
• Organize and/or participate in industry roundtables and other forums to form relationships with external counterparts and regulators, and to stay current on latest themes in AML, ABC and sanctions landscape.
• Reach out to colleagues in other framework teams to promote collaboration on themes or risk areas where there is overlap.
  

POSITION SPECIFICATIONS:

• Demonstrate an awareness of key regulatory risks and requirements by providing timely, high quality support to AML, ABC and sanctions framework, policies and stakeholder guidance materials.
• Seek out formal and informal learning opportunities to deepen understanding of regulatory standards and internal policy governance requirements.
• Monitor briefings and other communications from key regulators on a continuous basis to identify emerging themes or changes.
• Apply subject matter expertise in producing high quality analysis of audits, industry case studies and stakeholder feedback to inform continuous improvement of AML, ABC and sanctions framework and communications.
• Leverage network of internal colleagues, competitive counterparts and regulatory contacts to stay current on AML, ABC and sanctions landscape.

Qualifications and Skills

• Recommended years of experience: 2+
  

EOE STATEMENT
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.

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