SMBC Group is looking for a KYC Periodic Review Vice President to lead and manage critical processes within the Know Your Customer (KYC) team. Reporting to the KYC Director of Production, you will serve as a subject matter expert, oversee day-to-day operational processes, and ensure strict adherence to compliance regulations.
What You'll Do
- Lead and manage KYC processes including CIP, CDD, EDD, periodic reviews, and special projects.
- Assist the Director of Production with day-to-day operational processes and reporting.
- Review KYC analyst work, resolve complex matters, and escalate as appropriate.
- Supervise and train others, managing up to 12 direct reports.
- Ensure operational efficiencies and customer data integrity per internal policies and AML/BSA/OFAC regulations.
- Work closely with Analysts to identify training needs, performance gaps, and process improvements.
- Ensure adherence to the SMBC KYC Program and support industry-mandated changes.
- Collect, review for adequacy and accuracy, all required KYC information and documentation within prescribed time frames.
- Conduct background checks (OFAC, PEP, adverse information) and escalate confirmed or suspected matches.
- Troubleshoot routine and complex issues with KYC/CIF systems.
- Perform spot-check quality control reviews for team updates to existing customer records.
- Communicate with clients and internal stakeholders to coordinate collection and assessment of KYC documentation.
- Communicate onboarding status to stakeholders and interact with legal, tax, and other support functions.
- Facilitate day-to-day interaction with internal business units to respond to requests, manage expectations, and address issues.
- Collaborate with internal partners to streamline operations and participate in continuous improvement initiatives.
- Act as a subject matter expert on KYC rules, policies, and execution.
- Write comprehensive audit reports that define salient actions for execution.
What We're Looking For
- Advanced technical knowledge of AML, Bank Secrecy Act, and Foreign Assets Control.
- Advanced, strong level knowledge of KYC processes and regulations.
- Very strong knowledge of banking policies, statutory and compliance regulations.
- Very strong knowledge of market practices related to compliance operations.
- Good judgment, sense of urgency, accountability, and time-management skills.
- Ability to supervise and train others.
- Strong ability to execute in a high-pressure environment.
- Strong interpersonal skills.
- Strong written and verbal communication skills.
- Solid knowledge of processes for conducting KYC for institutional clients and documentation requirements.
- Good understanding of risk factors impacting client risk rating.
- Good working knowledge of all applicable regulatory standards (AML, OFAC, Bank Secrecy Act, etc.).
Team & Environment
You will report to the KYC Director of Production within the Compliance Department and manage a team of up to 12 direct reports.
Benefits & Compensation
- Competitive portfolio of benefits.
- Annual discretionary incentive award eligibility.
- Salary range: $120,000.00 to $160,000.00.
Work Mode
This role follows a hybrid workforce model, combining work from home and office.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law.
