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SMBC Compliance Risk Assessment in New York, New York


Within SMBC's Compliance Department Americas Division (CPAD), the Financial Crimes Prevention Unit (FCPU) is seeking a BSA/AML and OFAC Risk Assessment Team Lead (Vice President). The role will manage a comprehensive risk assessment methodology to ensure the applicable regulatory compliance risks and internal controls are identified and assessed to determine how the BSA/AML and OFAC compliance program aligns with its risk profile. The role will support the development of risk mitigation strategies to lower overall residual risk exposures and the identification of opportunities for improvement to BSA/AML and OFAC policies, procedures and processes.

The results of the risk assessment process provide SMBC New York Branch’s Senior Management with an objective assessment of potential BSA/AML and OFAC risks. Understanding the Branch’s BSA/AML and OFAC risk profile assists in identifying control gaps, developing and implementing corrective actions to address identified gaps, and allocating resources to remediate those gaps.

The candidate should have a strong functional knowledge of applicable U.S. banking laws and regulations with specific emphasis on Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”); and sanctions laws and regulations. Additionally, a risk management / internal control mindset to apply and assess risk identification / mitigation is essential. The scope of this function will encompass SMBC Group’s Americas Division.


  • Drives the design and implementation a comprehensive BSA/AML and OFAC Risk Assessment framework for the SMBC Group Americas Division identifying the inherent risk of applicable laws/regulations/rules and assessing the efficacy of internal controls to derive residual risk profile.

  • Supports management’s leadership and guidance to Risk Assessment stakeholders as to the methodology, technical aspects and interpretation of results.

  • Compiles data and prepares risk dashboards designed to monitor the risk profile on a periodic basis.

  • Coordinates with key stakeholders to develop and administer control surveys. Maintains effective channels of communication with business and other units to understand BSA/AML and OFAC risks and internal control mitigants for each area.

  • Develops relevant KRIs/KPIs and project management reports to communicate results and manage project timelines.

  • Stays abreast of the changing regulatory landscape and updates the Risk Assessment methodology as necessary.

  • Assess the reasonableness of risk assessment weights and thresholds. Performs analysis and quality control on metrics and risk assessment results.


  • Bachelor’s Degree required; Advanced Degree highly preferred; Minimum of 7 years of prior regulatory, compliance, and/or risk management experience.

  • Financial services experience and knowledge of wholesale banking products as well as commercial leasing business, preferred; Securities and swap dealer experience is a plus.

  • Strong knowledge of U.S. banking laws and regulations with emphasis on BSA/AML and sanctions laws regulations. 

  • Demonstrated track record of increasing management responsibilities and project management responsibilities

  • Ability to manage multiple projects simultaneously and re-prioritize workloads as necessary.Demonstrates strong judgement, political astuteness, and sensitivity to cultural diversity.

  • Strong interpersonal and communications skills (written and verbal) to successfully interface with all levels of management and maintain solid working relationships in a collaborative group environment.

Job Locations US-NY-New York

Posting Date 6 days ago (4/7/2021 10:39 AM)

Career Category Compliance and Legal

iCIMS ID 2021-9415

Corporate Title VP

Type Fulltime-Regular

SMBC is an EO employer – M/F/Veteran/Disability