Compliance Monitoring & Testing, Vice President

Role Overview

• responsible for execution of the monitoring and testing program
• executes monitoring and testing activities for the M&T Program
• serves as the examiner-in-charge responsible for compliance monitoring and testing engagements primarily for Banking Activities or thematic AD-wide reviews
• assists in the development and refinement of monitoring and testing scripts
• prepares information requests, announcement memoranda and Kick-Off Memos to start Compliance Reviews
• performs Control Design Effectiveness analysis and review of the rules and regulations under review
• performs assigned field work to validate the efficacy of internal controls and direct oversight of assigned staff and their assignments
• ensures that cohesive work papers are prepared for each engagement in accordance with departmental standards
• identifies underlying issues and escalation / validation thereof with stakeholders
• drafts exceptions logs, manages factual accuracy with stakeholders and oversees reporting for issuance to management and stakeholders
• assists in the registration and tracking of identified issues and corrective action plans to validate remediation efforts
• oversees and participates in the tracking and validation of issues raised during monitoring and testing activities until closure
• stays abreast of changing regulatory requirements and SMBC’s business model to maintain a solid foundation of the applicable regulatory framework
• assists in the consolidation and reporting of results within local and Head Office reporting as requested
• assists in preparation of the Annual Plan with the Team Lead based on the results of the Compliance Risk Assessment

Requirements

• BA/BS Required
• 10+ years of Banking and Compliance Experience
• Has a Compliance Testing, Bank Regulatory or Internal Audit background
• Requires a solid understanding of the Volcker Rule and requirements
• Able to manage work independently and effectively and escalate to senior management
• Able to execute monitoring and testing with team and lead and manage as well
• Able to work independently on projects with little oversight
• Able to learn quickly and dissect complicated issues within a large and complex financial institution
• CRCM certification a plus

Benefits

• competitive portfolio of benefits to its employees
• annual discretionary incentive award