Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close-knit and fun-loving team of seasoned financial services professionals who came together for the challenge of building a bank from scratch - and we are committed to doing it all the right way (from technology infrastructure to modern marketing to customer experience).
The anticipated salary range for this role is between $82,000.00 and $132,000.00. 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.
We work with the flexibility and speed of a start-up. But we also have significant stability and capital from being part of the SMBC Group (Sumitomo Mitsui Banking Corporation). SMBC is the second largest bank in Japan and the 12th largest bank in the world with operations in over forty countries. And SMBC is committed to disrupting the US marketplace with ground-breaking products.
It is the best of both worlds, and we are seeking proven marketing leaders to propel us towards a national launch. We have both the ambitious growth plans and the 'patient capital' necessary to execute a multi-year plan. Join us on the journey to deliver an exciting concept of evolved banking.
SUMMARY:
This position sits within SMBC MANUBANK's Financial Crimes Compliance (FCC) which is part of the larger Compliance Department. The FCC department is responsible for developing the Bank’s BSA/AML, Sanctions, and Fraud Programs to ensure that the bank achieves optimal compliance with all related laws and regulations. We are seeking an experienced and talented Associate for the role of SAR Quality Control to review AML and Fraud SARs prepared by the Digital Banking Unit (DBU) and Commercial Banking Unit (CBU).
Reporting to the VP, FIU Manager, the SAR Quality Control Associate will be responsible for the quality control of Suspicious Activity Report (SAR) filings. Responsibilities will also include ensuring that SARs are performed in accordance with AML policy and procedures. This individual must have specialized knowledge related to retail banking risks and will be responsible for adherence to bank policies and procedures related to the Bank Secrecy Act, Anti-Money Laundering Program, and USA PATRIOT Act requirements.
PRINCIPAL DUTIES & RESPONSIBILTIES:
- Perform quality control on AML and Fraud SARs to ensure SARs are filed in accordance with FCC policies and procedures.
- Document findings, recommendations, and remediation efforts in clear and concise reports.
- Provide ongoing feedback to analysts on quality of SAR work and training where necessary.
- Acts as a subject matter expert for the SAR process.
- May assist in providing documentation as required in response to inquiries from internal and external auditors, Bank departments, and regulators.
- Assist VP with maintaining statistical reports necessary for evaluation by FIU management.
- Assist VP in maintaining and updating SAR procedures as needed.
- Keep abreast of changes in regulatory requirements and evolving trends in financial crime to adapt the organization’s practices accordingly.
- Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), FFIEC Manual, and evolving banking landscape.
POSITION SPECFICATIONS:
- Minimum of 5 years’ experience in financial crimes compliance, anti-money laundering (AML), and/or fraud roles with SAR and/or Quality Control responsibilities.
- Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFCS (Certified Financial Crime Specialist), or CFE (Certified Fraud Examiner), preferred.
- Experience with FIS Prime, Verafin, and/or Actimize a plus.
- Experience with SharePoint and Microsoft Office suite.
- In-depth knowledge and experience with the Bank Secrecy Act and the FFIEC AML Manual.
- Ability to excel in a remote, innovative, and fast-paced environment.
- Excellent communication and interpersonal skills to engage with internal teams.
EOE STATEMENT
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.
CCPA DISCLOSURE
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.
United States
