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Sanctions Data Analyst Associate

SMBC
On-site
United States
$97,000 - $156,000 USD yearly

 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 $97,000.00 and $156,000.00. 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.

Role Description

Reporting to the Vice President, Data Analytics Manager, Analytics, in the Financial Crimes Compliance Department, Americas Division, the Associate assists in the management and execution of large-scale projects in the Sanctions Compliance area. The incumbent will conduct analyses and reporting in support of general business/Sanction Compliance needs, special projects/initiatives and/or strategic operational planning activities.  May serve as a project lead, enlisting support from junior staff or peers.  Contribute to the development of new processes or procedures for required analytics. Performs analysis in support of the design, implementation, and enhancement of sanctions screening systems. Perform the collection, aggregation, analysis, and visualization of customer, product, and transaction data. Will develop and communicate reports effectively for use by SMBC Americas Division and Head Office stakeholders.

Role Objectives

  • Liaison with technology teams to stay current on Fircosoft Screening platform enhancements/changes.
  • Liaison with the Sanction Compliance team provides support for projects, data collection, and analysis.
  • Manage both existing and new initiatives within the Screening program from a technological perspective.
  • Collaborate with senior stakeholders to understand their needs to enhance existing applications and define improvements to gain both operational efficiencies and architectural and infrastructure improvements.
  • Liaise with stakeholders to create process maps, data flow diagrams, and use cases for the Sanctions program.
  • Collaborate with Operations, Technology, Compliance, and business partners to ensure documentation is up to date as enhancements and/or new applications are introduced.
  • Manage and drive screening stakeholders to define data, logic, and ruleset requirements.
  • Partner with the business, technical, and quality review teams to communicate and test functional requirements and collectively define appropriate solutions to meet user requirements.
  • Ability to distill complex concepts and document them clearly with use cases and process flows
  • Collect, aggregate, analyze, and visualize customer, product, and transaction data to identify trends and evaluate changes in customer, product, and transactional risk exposure.
  • Develop MIS reports for submission to senior Branch management.
  • Develop knowledge of new analytical techniques and data sources that provide ongoing risk mitigation, and how emerging data and technology issues may impact the achievement of the BSA/AML Compliance Department’s objectives.
  • Ability to comprehend and define scope of project, initiate test plan, and execution of testing initiatives as it relates to the project as well as mitigate any associated risk as it relates to the testing event
  • Ability to define a project plan and adhere to target dates.

Qualifications and Skills

  • Bachelor’s Degree in relevant discipline (e.g., Information Technology, Computer Science, Mathematics, Statistics, Analytics, or another related field) or the equivalent combination of education and experience.
  • 2-5 years of BSA/AML compliance experience, particularly Regulatory and Name Screening technology experience for Consumer/Business
  • Strong reasoning ability and analytical skills. 
  • Self-starter that will be able to readily understand Screening and AML concepts and issues, possess strong technical skills, and is able to learn new technologies quickly
  • Knowledge of vendor BSA/AML transaction monitoring and sanctions screening systems (e.g., Actimize, Fircosoft, Fortent, etc.)
  • Experience with some or all the following technologies to build analysis and drive insights from data:
    • Database: Oracle (PL/SQL), Microsoft SQL Server (T-SQL)
    • Reporting tools: PowerBI, Tableau, Excel
    • Hands on with Python / R / No-SQL Databases
  • Experience with SharePoint and Microsoft Office suite/MS Project
  • Maintains a high level of confidentiality; unquestionable character, integrity and professionalism.

 

Nice to Have:

  • ACAMS certified or other equivalent industry certification is a plus.
  • Familiarity with regtech
  • Microsoft Projects

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.

 

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.