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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. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $72,000.00and $120,000.00. 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.
SMBC Capital Markets is an interest rates derivatives trading company based in New York City, with offices in London and Hong Kong. We are a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), one of the leading global banks in Japan. Our Capital Markets business is an established derivatives dealer with a broad product portfolio, with specific emphasis on interest rates and foreign exchange. We have been in operation for more than 30 years and we are a leading market-maker in several markets.
Reporting to the Capital Markets - Client Onboarding Team Leader, the Client Onboarding Analyst is primarily responsible for new customer onboardings with respect to KYC / AML, Dodd-Frank and FATCA regulatory processes, amongst others.
*This is a temporary contract role*
- Engage internal and external clients to help facilitate the onboarding and ongoing client maintenance processes. Coordinate client onboardings across multiple functions / units - Front Office, Compliance, AML, Operations, Legal and Tax, amongst others - all in a high pressure / time-sensitive environment.
- Review bank agreements, legal documents, and other paperwork for completeness and accuracy. Leverage accumulated wisdom to make determinations re document applicability in the risk control process, where documents are atypical or uncommon.
- Assess / assign risk classifications to clients expanding their business, as well as those incoming; where applicable, remediate client regulatory profiles due to changes in regulatory factors.
- Undertake renewal due diligence on existing clients to ensure identification of changes in regulatory profile, including reputational and operational risk factors.
- Assist in delivering training related to the account opening process and key competencies required to facilitate.
- Participate in think-tank discussions concerning KYC / AML / Dodd-Frank / FATCA policy and desktop procedure updates.
- Assist in the creation of a Client Onboarding Desktop Procedures to ensure that the onboarding / client maintenance process is documented, transparent, consistent, sustainable, and effective.
- Participate in design and testing of enhancements to client due diligence databases, reports, and systems.
- Ideally a minimum of 3+ years of relevant Client Onboarding / Compliance KYC experience in Banking & Financial Services.
- Strong understanding of US PATRIOT Act, BSA / AML requirements (e.g., CIP requirements; difference between CDD and EDD; etc.), as well as Dodd-Frank and FATCA.
- Competency in using external due diligence tools such as Factiva, Dow Jones, LexisNexis, etc.
- Experience / appreciation for due diligence operations and onboarding applications / systems.
- Strong interpersonal skills; ability to face-off to own management structure, Front Office, Compliance, Audit - effectively any potential touch-point relative to the onboarding / client maintenance workflow.
- Strong communication skills - verbal, written, in-person.
- Track-record of composure in fast-paced, high-pressure environment
- Healthy mix of compliance and pragmatism / commerciality in an environment where revenue growth is a mandate and risk control are paramount.
Contingent Worker
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 accommodations@smbcgroup.com.