Compliance Assistant Vice President

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Role Summary

Reporting to the EMEA Head of Monitoring, the Assistant Vice President role is required to assist with the execution and completion of testing as determined by the Compliance Monitoring Plan (‘CMP’) and the needs of EMEA’s Compliance Monitoring Programme. The role is required to help ensure the Compliance Monitoring function is effective in its duties as an independent second line of defence function to monitor and assess the adequacy and effectiveness of the Bank’s processes and controls to meet its regulatory obligations.

Education & Qualifications

• The role requires the candidate to be educated to degree level with professional qualifications desirable.

Experience & Knowledge

The role requires:

• good knowledge of financial services, markets, securities and banking activities;
• sound understanding of risks and controls, noting prior Monitoring or audit background is desirable;
• regulatory awareness and understanding of the emerging regulatory landscape;
• the ability to manage a number of issues/reviews/projects concurrently;
• good written and verbal communication skills;
• accuracy and attention to detail;
• timely review execution;
• self-motivation;
• the ability to build effective relationships across the three lines of defence;
• the ability to work independently and as part of a team; and
• the ability to work under pressure.

Business Area

Compliance Department (CPD) - Monitoring and Surveillance Group

Position Description

• Execute testing on assigned reviews in a timely manner and in accordance with the applicable Compliance Monitoring procedures;
• Document testing clearly and concisely, in a re-performable manner and in accordance with Compliance Monitoring conventions;
• Assist in the scoping and planning of monitoring reviews;
• Communicate with review stakeholders throughout the review to avoid any surprises on review close-out;
• Communicate all findings to the Head of Monitoring in good time, and prior to review completion, to allow for any further escalation required;
• Be accountable for the factual accuracy and quality of working papers and findings raised;
• Be accountable for the completeness of assigned review files, in accordance with Monitoring conventions;
• Document issues, associated risks, root cause analysis, issue impact and remediation actions with support from the Head of Monitoring;
• Follow up on the progress of action plans within deadlines and collect sufficient and robust action closure evidence, under the direction of the Head of Monitoring. Escalate all overdue actions and extension requests to the Head of Monitoring promptly;
• Assist the Head of Monitoring with ad hoc tasks where requested and work collaboratively with other members of the Monitoring team and the wider Compliance Department;
• Where required, assist in the preparation of CMP Management Information;
• Attend all Compliance meetings as required and complete mandatory training on a timely basis;
• Maintain a good working knowledge of the FCA Handbook, key products, business operations and regulatory changes which may impact the Group; and
• Where required, to assist with Monitoring related projects.

Competencies

What we offer

For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:

• Hybrid and flexible working 
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance 
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services  
• Access a wide range of learning and development opportunities and career progression opportunities 
• Ambitious remuneration package

So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!