Vice President, Compliance Monitoring & Testing - FCC M&T Team Lead

$144,000 - $180,000/Yr

Smbc - Jersey City, NJ

Full-time - Senior

Remote - Jersey City, NJ

10,001+ employees

About the position

The Vice President of Compliance Monitoring & Testing at SMBC will lead a team focused on ensuring compliance with financial crime regulations, particularly BSA/AML and sanctions laws. This role involves overseeing monitoring and testing engagements to validate the effectiveness of internal controls within SMBC's U.S. operations. The Vice President will manage a small team, develop compliance schedules, and maintain communication with internal clients throughout the testing process.

Responsibilities

• Manage Monitoring and Testing (M&T) activities for financial crime compliance risks.
• Serve as the examiner-in-charge for compliance monitoring and testing engagements.
• Manage the development and refinement of monitoring and testing scripts.
• Plan engagements and prepare information requests and announcement memos for Compliance Reviews.
• Oversee the execution of field work to validate internal controls' efficacy.
• Maintain communication with internal clients during monitoring and testing engagements.
• Ensure documentation of field work and vetting of issues before final reporting.
• Draft and publish formal testing reports to management.
• Track and validate identified issues and corrective action plans.
• Stay updated on regulatory requirements and SMBC's business model.
• Support consolidation and reporting of results within local and Head Office reporting.
• Develop annual compliance monitoring and testing schedules with Compliance management.
• Provide oversight of assigned M&T staff.

Requirements

• Bachelor's Degree required; Advanced Degree and/or Certifications preferred.
• At least 10 years of regulatory, compliance testing, audit, or risk management experience.
• Financial services experience and knowledge of wholesale banking products preferred.
• Strong knowledge of U.S. banking laws and regulations, especially BSA/AML and sanctions laws.
• Excellent written, verbal, and presentation skills.
• Strong interpersonal and communication skills.
• Ability to manage multiple assignments and reprioritize as needed.
• Proven management skills and advocating staff development.

Nice-to-haves

• Experience in commercial leasing business.
• Demonstrated track record of increasing management responsibilities.

Benefits

• Competitive salary range between $144,000.00 and $180,000.00.
• Annual discretionary incentive award eligibility.
• Comprehensive benefits portfolio.