Compliance Program Management Vice President- FCC Risk Assessment Lead

Role Description

Reporting to the Director of FCC Program Management, the FCC Program Management Vice President is supporting establishing and enhancing Financial Crime Compliance (“FCC”) Risk Assessments, focusing on External Fraud Risk Assessment. This role involves collaboration across Compliance Departments and business partners throughout SMBC. The Vice President is a liaison between Fraud Department, business lines, internal audit, and the Head Office.

Role Objectives

• Establishes a comprehensive External Fraud Risk Assessment framework for the SMBC Group Americas Division identifying the inherent risk of applicable laws/regulations/rules and assessing the efficacy of internal controls to derive residual risk profile.
• Coordinates with key stakeholders to develop and administer control surveys. Maintains effective channels of communication with business and other units to understand fraud risks and internal control mitigants for each area.
• Develops relevant KRIs/KPIs and project management reports to communicate results and manage project timelines.
• Develops and manages robust and detailed project plans that may include multiple sub-plans and cross-functional dependencies.
• Writes comprehensive reports based on inherent risk and controls analysis.
• Stays abreast of the changing regulatory landscape and updates the Risk Assessment methodology as necessary.
• Assists the FCC Risk Assessment team with ABC/AML/Sanctions Risk Assessment efforts.

Qualifications and Skills

• Minimum of 7-10 years of relevant experience
• Minimum of 3 years of experience in project management with a minimum of 2 years in the financial services industry addressing regulatory issues and optimizing operations
• Bachelor’s or master’s Degree in relevant discipline (e.g., Accounting, Finance, Banking, Law or other related field)
• Knowledge and understanding of Japanese culture and foreign banks in general are desirable.
• Knowledge of banking products and services.
• Strong relationship-building skills
• Extensive experience with, and knowledge of Fraud risks, controls, regulatory expectation related to Fraud Program; BSA/AML/OFAC laws, rules and regulations.