Vice President, Compliance Monitoring & Testing-SMBC Nikko Securities

$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 Nikko Securities is responsible for leading the compliance monitoring and testing program for the broker/dealer. This role involves managing a small team of compliance professionals, ensuring the efficacy of regulatory compliance internal controls, and staying updated on regulatory requirements. The Vice President will oversee compliance engagements, develop testing scripts, and prepare reports for management, all while fostering a culture of diversity and inclusion within the team.

Responsibilities

• Manage monitoring and testing activities for the M&T Program.
• Serve as the examiner-in-charge responsible for all facets of compliance monitoring and testing engagements.
• Assist in the development and refinement of monitoring and testing scripts.
• Prepare information requests, announcement memoranda, and Kick-Off Memos to start Compliance Reviews.
• Perform assigned field work to validate the efficacy of internal controls and direct oversight of assigned staff and their assignments.
• Ensure that cohesive work papers are prepared for each engagement in accordance with department standards.
• Identify underlying issues and escalate/validate them with internal clients.
• Draft exceptions, manage factual accuracy confirmation with stakeholders, and oversee the issuance of the final report to management.
• Assist in the input, tracking, and validation of identified issues and corrective action plans to validate remediation efforts.
• Stay abreast of changing regulatory requirements and SMBC's business model to maintain a solid foundation of the applicable regulatory framework.
• Assist in the consolidation and reporting of results within local and Head Office reporting.

Requirements

• 10+ years of prior regulatory, compliance, audit and/or risk management experience with demonstrated track record of increasing management responsibilities.
• Advanced Degree and/or Certifications (i.e. FINRA Series 7, 63, 24) are desired.
• Has a Compliance Testing, Broker Dealer Regulatory or Internal Audit Background.
• Strong desire to continually deliver a quality and meaningful work product in a timely and efficient manner.
• Strong interpersonal and communications skills to successfully interface with all levels of management and maintain solid working relationships.
• Able to work independently on projects with little oversight.
• Able to learn quickly and dissect complicated issues within a large and complex financial institution.
• Technical competency of applicable laws and regulations and application thereof during monitoring and testing engagements.
• Able to multi-task and perform work functions efficiently and timely.
• Strong analytical skills and attention to detail.
• Motivated and action-oriented.
• Adaptable and able to evolve and change with Bank Transformation.

Benefits

• Competitive salary range between $144,000.00 and $180,000.00 based on qualifications and experience.
• Eligibility for an annual discretionary incentive award.
• Comprehensive benefits portfolio.