KYC Advisory & Controls Associate
About The Position
Within the Compliance Operations Department, the KYC Advisory Associate is responsible for promoting oversight and control within the KYC program including: customer onboarding, and periodic reviews, and account opening. Will support strengthening processes and controls across the KYC program as well as escalate to management when issues/risks may arise. This role may assist with tracking of all audit and exam related requests as well as ensuring a timely and accurate response is provided. This role will also involve assisting in promoting consistency in policies, procedures and reference materials across the entire KYC program. Reporting to the KYC Advisory Manager, the KYC Advisory & Controls Associate will assist in promoting overall accountability for related 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 Advisory Associate may direct the day-to-day work of employees, may have a formal management role, and contributes to broader strategic department planning.
Requirements
- 5 to 7 years of specialized experience in Financial Services
- Experience should be in financial crimes consulting, project management or back-office/compliance operations.
- BA / BS (or equivalent experience)
- Knowledge of AML, Bank Secrecy Act, Foreign Asset Control, and other compliance related acts and regulatory requirements.
- 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, inclusive of issues management
- 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.
- Ability to execute in a high-pressure environment.
- Ability to interpret complex regulatory issues to provide sound guidance.
Nice To Haves
- Certified Anti-Money Laundering Specialist (CAMS) Certification preferred.
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.
- May have responsibility for planning and budgeting within the KYC team.
- Identify and communicate control gaps, risks, proposed improvements.
- Provide program governance, oversight, and monitoring in accordance with SMBC's Policies and Standards.
- Participate in initiatives that streamline and improve the KYC processes. Including the maintenance and creation of KYC procedures and desktop reference materials.
- 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.
- Ensure KYC policy and procedure and requirements remain up to date
- Coordination for project and program management regulatory concerns
- Assist remediation efforts from internal/external audit findings from a strategic and execution perspective.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
