SMBC is seeking a one year Limited Duration ( Temporary employee) within the Compliance Operations Department, Account Control Group (ACG) is responsible for account opening and onboarding, periodic reviews, and account opening static data inputs. Working with the Team Leader and other analysts, the Sr KYC Analyst is responsible for routine operational day-to-day actions focused on defined procedures, analyses and report preparation. Position focuses on execution, and may supervise others more junior. Expansion of duties is based on training, and developing capabilities and experiences to include working with increasingly more complex customer transactions. Provides a second level of review before escalated to next level of management.
Ensures operational efficiencies and customer data integrity in accordance with internal policies and procedures of SMBC and Head Office and compliance with AML/BSA/OFAC regulations.
Performs new customer on boarding, account opening, account updates and static data maintenance. Provides quality control of KYC (Know Your Customer ) and CIP customer information and assures verification in accordance with ALM policy and procedure.
Ensures adherence to the SMBC KYC (Know Your Customer ) Program; supports industry-mandated changes or system changes by participating in the change process; recommends changes through compliance with bank policies.
Activities of the ACG team are governed by SMBC’s Policies and Procedures. The Sr. KYC Analyst:
ensures that CIP information and mandatory DD/EDD information is collected prior to account opening;
collects from the RM and reviewing, for adequacy and accuracy, all required KYC information and documentation within prescribed time frame.
confirms that verification documents are obtained by the RM and work performed by ACG are completed within a prescribed time frame;
conducts background checks (i.e., OFAC, politically exposed persons, 311 and adverse information checks),
maintains evidence of search results in the KYC system and escalating to the BSA Officer any confirmed or suspected name matches associated with material negative information.
Troubleshoots routine and some complex issues with KYC/CIP system and various subsystems to resolution.
Provides quality assurance for updates made to existing customer records including appropriate documentation review.
Provides support and training to more junior staff.
2 to 5 years of specialized experience in Financial Services. MUST have KYC knowledge & Back office operations.
Strong technical knowledge of AML, Bank Secrecy Act, Foreign Asset Control.
Strong level knowledge of KYC (Know Your Customer) process and regulations.
Strong knowledge of banking policies, statutory and compliance regulations.
Strong knowledge of market practices related to compliance operations.
Good judgement, sense of urgency and accountability; time- management skills.
Ability to supervise and train others.
Ability to execute in a high pressure environment.
Good interpersonal skills.