FCC Model Risk Manager (Remote)

 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 MANUBANK, 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 $155,000.00 and $196,000.00. 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.

JOB SUMMARY:

Reporting to the Director, Head of FCC Model and Data Governance, VP, FCC Model Risk Manager will be an integral member of the Financial Crimes Compliance (“FCC”) Model Governance and Model Validation programs for both the commercial banking and digital banking units. This individual will bring specialized knowledge related to FCC and support design, implementation, and enhancements of BSA/AML systems (transactions monitoring, sanctions screening, customer risk rating) and a fraud monitoring system.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Execute BSA/AML and Sanctions model risk and data governance projects in accordance with department strategy.
• Serve as a primary point of contact for bank’s Model Risk Validation team in relation to BSA/AML and OFAC models.
• Drive model improvements from the program management perspective, ensuring adherence to model development policies as well as action plan timelines resulting from findings and observations.
• Assist with implementation of transaction monitoring and screening technology platforms to support the Bank; experience with Verafin, Actimize, and/or Fircosoft is preferred.
• Serve as a subject matter expert on FCC model and data in discussions with cross-functional partners, senior management, and regulators.
• Collaborate with cross-functional teams, including risk management, IT, and compliance, to integrate data analytics solutions into bank’s FCC program.
• Provide support and guidance in utilizing data analytics to enhance monitoring, surveillance, and investigation processes.
• Develop MIS reports for KPI/KRI tracking and submission to senior management.

POSITION SPECIFICATIONS:

• Bachelor’s degree in information management, computer science, statistics, analytics, or a related field.
• 5+ years of experience in financial crimes compliance, particularly with model risk and validation, BSA/AML systems, and data management.
• Experience with some or all of the following technologies to build analysis and drive insights from data
• Database: Oracle (PL/SQL), Microsoft SQL Server (T-SQL)
• Analytics tools: R, Python
• Reporting tools: PowerBI, Excel
• Azure
• Knowledge of vendor BSA/AML/OFAC transaction monitoring and sanctions screening systems (e.g., Verafin, Actimize, Fircosoft) is a plus.
• Experience with SharePoint and Microsoft Office suite.
• Ability to excel in a remote, innovative, and fast-paced environment.
• Excellent communication and interpersonal skills to engage with cross-functional partners, internal stakeholders, and external regulators.
• ACAMS certified or other equivalent industry certification is a plus

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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

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.