Compliance Monitoring & Testing - Analyst

$72,000 - $85,000/Yr

Sumitomo Mitsui Financial Group - Jersey City, NJ

Full-time - Entry Level

Remote - Jersey City, NJ

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Compliance Monitoring & Testing Analyst at Sumitomo Mitsui Banking Corporation (SMBC) is responsible for supporting the compliance monitoring and testing program within the Americas Division. This role involves assisting in monitoring and testing engagements, primarily for the New York Branch, and requires a familiarity with financial services and a commitment to quality work.

Responsibilities

• Supports monitoring and testing activities for the Americas Division.
• Serves as a tester for all facets of compliance monitoring and testing engagements.
• Assists in the development and refinement of monitoring and testing scripts.
• Prepares information requests and announcement memoranda.
• Performs assigned field work to validate the efficacy of internal controls and risk mitigants.
• Assists in compiling comprehensive and cohesive work papers in accordance with department standards and methodology.
• Helps to identify underlying issues and escalate/validate them with clients.
• Assists in the registration and tracking of identified issues and corrective action plans to validate remediation efforts.
• Assists in the consolidation and reporting of results within local and Head Office reporting.

Requirements

• Bachelor's Degree required.
• 1-3 years of working experience OR 1-2 years of internship experience in the financial services field.
• Knowledge of Federal Reserve Board (FRB) regulations is a plus.
• Strong analytical skills and attention to detail.
• Solid interpersonal and written and verbal communication skills.
• Ability to maintain a compliance risk mindset and identify control weaknesses.
• Advanced skills in Microsoft Word, Excel, and PowerPoint.

Nice-to-haves

• Familiarity with financial services regulations.
• Experience in compliance monitoring and testing.

Benefits

• Competitive salary range of $72,000 - $85,000.
• Annual discretionary incentive award eligibility.
• Hybrid work model allowing work from home and office.
• Comprehensive benefits portfolio.