Overview
Within the Financial Crimes Compliance Department, the KYC CDD Advisory Vice President is a senior member of the Compliance team, responsible for promoting consistency in policies and procedures across the entire KYC program including customer onboarding, and periodic reviews, and account opening. Will serve as the KYC subject matter expert and escalation point for the KYC department. This role will also involve assisting in responses to audit and exam related requests. Reporting to the KYC Advisory Pilar Head, the KYC CDD Advisory VP will assist in promoting operational efficiencies and customer data integrity for SMBC, Bank and subsidiaries in accordance with external rules and regulations as well as internal policies and procedures of SMBC and Head Office.
The KYC CDD Advisory VP may direct the day-to-day work of employees, may have a formal management role, and contributes to broader strategic department planning. May train others.
The anticipated salary range for this role is between $119,000 and $147,000. 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.
Responsibilities
- Field questions from the KYC team as well as the Front Office related to AML/KYC processes including client onboarding and periodic KYC reviews.
- Knowledge of the Know Your Customer (KYC)/Anti Money Laundering (AML) protocols.
- May manage employee relations, performance management, and mentorship for all in scope members.
- Identify and communicate control gaps, risks, proposed improvements.
- Drive progress through effective escalation of issues and concerns.
- Provide program governance, oversight, and monitoring in accordance with SMBC’s Policies and Standards.
- Participate in initiatives that streamline and improve the KYC processes.
- Build strong relationships and coordinate with key stakeholders across the KYC Program.
- Stay current on emerging regulatory requirements and best practices, and drive enhancements to KYC framework and controls.
- Develop and enhance standardized templates, processes, trainings, and guidelines.
- Ensure KYC policy and requirements remain up to date.
- Serve as a point of escalation to internal stakeholders on KYC-related issues and best practices.
- Communicate guidance updates and escalation decisions to internal stakeholders.
Qualifications
- 7 to 10 years of specialized experience in Financial Services.
- Experience should be in financial crimes consulting or back-office operations. 5 years in management.
- BA / BS (or equivalent experience).
- Knowledge of AML, Bank Secrecy Act, Foreign Asset Control, and other compliance related acts and regulatory requirements. Certified Anti-Money Laundering Specialist (CAMS) Certification preferred.
- Expert level knowledge of KYC process and regulations.
- Expert level knowledge of banking policies, statutory and compliance regulations.
- Expert level knowledge of market practices related to compliance operations.
- Strong written and verbal communication skills, prior experience with communicating with a broad audience across multiple mediums.
- Strong ability to direct staff and workflows in accordance with SMBC standards and practices.
- Strong sense of urgency and accountability; and strong time-management skills.
- Strong management and delegation skills.
- Ability to execute in a high-pressure environment.
- Ability to interpret complex regulatory issues to provide sound guidance.