SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries.
The anticipated salary range for this role is between $144,000.00 and $180,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
SMBC's Compliance Department Americas Division is seeking a Vice President of Banking (Americas Team) Compliance Monitoring and Testing. The Vice President is responsible for execution of the monitoring and testing program. This position will principally serve as a Team/Review Lead for monitoring and testing engagements. This role will also support the Annual Plan efforts with the Head of Americas Team and Head of M&T and work closely with the local teams in Brazil, Canada, and Mexico and senior management in CPAD.
The Vice President will have direct management oversight of a small team of compliance professionals to support monitoring and testing engagements to validate the efficacy of regulatory compliance internal controls. The candidate should have functional knowledge of applicable U.S. banking laws and regulations with specific emphasis on Canadian, Mexican, and Brazilian regulations.
Role Objectives
- Manages monitoring and testing activities for M&T Program for the Americas (Brazil, Canada, and Mexico)
- Serves as the examiner-in-charge responsible for all facets of compliance monitoring and testing engagements.
- 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 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 department standards.
- Identifies underlying issues and escalation/validation thereof with clients.
- Drafts exceptions logs, manages factual accuracy with stakeholders, and oversees reporting for issuance to management.
- Assists in the registration and tracking of identified issues and corrective action plans to validate remediation efforts.
- Involved with issue management function with remediation/challenge and closure of issues identified in monitoring and testing.
- Stays abreast of changing regulatory requirements and SMBC’s business model to maintain a solid foundation of the applicable regulatory framework.
- Participates in the annual risk assessment process of applicable laws and regulations to drive the Annual Plan for the M&T Program.
- Assists in the consolidation and reporting of results within local and Head Office reporting.
- Performs Control Design Effectiveness analysis and review of the rules and regulations under review.
Qualifications and Skills
- 10+ years of Banking and Compliance Experience
- Bilingual in Spanish or Portuguese Preferred
- Has strong managerial experience and manage and execute work along with the team as needed
- Experience with covering multiple non-US jurisdictions and has general understanding of Brazilian, Canadian, and Mexican laws and regulations.
- Quick ability to learn and navigate challenging situations and juggle multiple tasks.
- Able to manage independently and effectively and escalate to senior management.
- CRCM Certification (A Plus)
- Has a Compliance Testing, Bank Regulatory, or Internal Audit Background
- Able to work Independently on projects with little oversight.
- Able to learn quickly and dissect complicated issues within a large and complex financial institution.
- Solid understanding of the US Regulatory Framework and Alphabet Regulations including non-US jurisdictions requirements
- Strong Communication and Written Skills
- Able to multi-task and perform work functions efficiently and timely.
- Motivated and action-oriented and self-starter
- Adaptable and able to evolve and change with Bank Transformation
Additional Requirements
D&I Commitment: Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
SMBC’s employees participate in a hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at
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