SMBC Group

  • Senior KYC Analyst - Compliance Operations Department

    Job Locations US-NY-White Plains
    Posting Date 1 month ago(12/20/2018 7:50 PM)
    Career Category
    Position ID
  • Overview

    The Account Control Group (ACG), part of Compliance Operations, is responsible for account opening and onboarding new customers, performing Know Your Customer (KYC) activities, periodic reviews of customers as well as maintenance of customer records and accounts.  The team assures compliance with internal and local regulations and helps safeguard the firm. 


    The Senior KYC Analyst has responsibility for performing new customer on boarding, account opening, account updates and static data maintenance.  The role provides quality control and assures verification, review and maintenance in accordance with Anti Money Laundering (AML) policy and procedure.  Working with the Team Leader and other analysts, the Senior KYC Analyst is responsible for routine operational day-to-day actions focused on defined procedures, analyses and report preparation. The position focuses on execution, however, an individual may supervise junior members of the team to provide a second level of review before issues are 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/Bank Secrecy Act (BSA)/Office of Foreign Assets Control (OFAC) regulations.   
    • Performs new customer on boarding, account opening, account updates and static data maintenance. Provides quality control of KYC and Customer Identification Program (CIP) customer information and assures verification in accordance with AML policy and procedure.   
    • Ensures adherence to the SMBC KYC 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 Senior KYC Analyst:
      • ensures that CIP information and mandatory Due Diligence/Enhanced Due Diligence information is collected prior to account opening
      • collects from the Relationship Manager (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.       
    • Ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.


    • At least 2 years in in a financial services firm in a similar function
    • CAMS certification is a plus not but required
    • BA Degree
    • Strong technical knowledge of AML, BSA, Foreign Asset Control
    • Strong level knowledge of KYC 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
    • Strong analytical skills
    • Excellent written and verbal communication skills
    • Professional presence



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