VP - BSA Compliance Officer
Sumitomo Mitsui Banking Corporation - New York, NY

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Responsible for the overall management of daily operation and monitoring of SMBC’s BSA/AML/OFAC and KYC Compliance programs. Including but not limited to :
- Ensuring the BSA/AML Compliance Program is in line with current industry best practices and is both efficient and effective in terms of current BSA/AML/OFAC and KYC governance and internal controls per all applicable BSA/AML/OFAC and KYC requirements.
- Tasked with keeping the CCO and the In-Office Compliance Committee informed of ongoing BSA/AML/OFAC and KYC issues.
- Personally drafting the SMBC AML and OFAC Risk Assessments and Money Laundering Survey.
- Continuous efforts to maintain a sustainable, effective and efficient SMBC BSA/AML/OFAC and KYC Compliance Program and making appropriate enhancements as necessary.
- Devising and assisting with the administration of general and business-specific BSA/AML/OFAC and KYC related training programs to SMBC employees.
- Front line Compliance coordinator for all internal audits, Compliance Department examinations and regulatory examinations of the SMBC BSA/AML/OFAC and KYC Compliance Program. Address any audit or examination findings accordingly.
- Assist in the development and enhancement of BSA/AML/OFAC and KYC/CIF Compliance automation, including reviewing specifications, participating and evaluating through testing and making recommendations.

- Extensive knowledge of current anti-money laundering regulations, policies and reporting requirements per the Bank Secrecy Act and USA PATRIOT Act.
- Minimum of five (5) years BSA/AML experience. Advanced degrees (J.D. and/or Masters) are a plus. Certification such as the Association of Certified Anti-Money Laundering Specialists (ACAMS) preferred.
- Hands-on BSA/AML experience, excellent written and verbal communication skills, personal investigative and SAR filing experience at a financial institution, proven global staff management experience and the ability to multi-task. Past experience of interaction with regulators and auditors.
- Detailed understanding of complex OFAC regulations to assess transactions and business deals. Knowledge of OFAC risks associated with products, business lines and countries in order to accurately assess and draft a comprehensive OFAC Risk Assessment for SMBC.
- Where possible, the incumbent should be an innovator in the BSA/AML/OFAC and KYC field to identify areas considered best practice and work with colleagues at SMBC and within Compliance community, with regulators and enforcement agencies to set new standards for effectiveness and efficiency within a specified regulatory area.

- Thorough knowledge of federal and state banking laws and regulations, particularly the Bank Secrecy Act and the USA PATRIOT Act hereunder.
- Strong leadership abilities and be able to capably make important decisions regarding the BSA/AML/OFAC and KYC Compliance Program.
- Strong relationship and project management skills. Hands-on experience in the implementation and testing of automated monitoring, filtering and database systems (and vendors that provide them) that enable BSA/AML/OFAC and KYC processes to be more efficient and effective.

This position will be located in the New York Office.

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About this company
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Sumitomo Mitsui Financial Group (SMFG) is the holding company for Sumitomo Mitsui Banking, which is one of Japan's largest banks (along...