Job Description

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 $85,000.00 and $130,000.00. 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

SMBC is seeking a Senior Internal Auditor to work within the Internal Auditing Department’s Financial Crimes Compliance team (“the FCC Audit Team”) for the Americas function. It reports to a director and is responsible for assisting with the planning of internal audits, sampling, testing, issue validations and the preparation of work papers.

Primary Responsibilities

• The position will be responsible for conducting AML, economic sanctions, and fraud related internal audits according to IIA Standards and internal procedures.
• Examine and evaluate processes and internal controls and emerging risks in key risk areas of the determined audit scope to provide reasonable assurance of compliance with internal policies and applicable rules, laws, and regulations and appropriate mitigation of identified risks. This includes documenting key risks, design and operating effectiveness of controls and developing audit programs for assigned sections and areas of coverage in accordance with the audit objective and scope.
• Prepare audit findings to clearly and accurately identify issues, root causes, and associated risk. Propose appropriate corrective measures to strengthen internal controls and policies and procedures, and remediate weaknesses identified during the audit.
• Regularly communicate with the Auditor In Charge (AIC) and Team Lead throughout audit execution including escalating roadblocks, or possible delays in the audit execution timeline.
• Support the AIC and Team Lead in performing issue validations, annual risk assessment and audit planning, and continuous monitoring.

Qualifications and Skills

• Minimum 5 years of audit experience in areas related to AML, sanctions and fraud risk management programs and regulations, banking regulations, local standards, and internal policies. ACAMS, CRCM or related professional certification is preferred.

• Demonstrates understanding of internal audit techniques, regulatory requirements, internal controls, and audit principles.
• Ability to maintain independence and objectivity.
• Appropriate written and verbal communication skills to produce clear and concise workpapers and support effective interaction with key stakeholders.
• Ability to work independently and raise any discussion points or roadblocks in a timely manner.
• Strong project execution and critical thinking skills.
• Demonstrates an attitude of continuous learning in applicable risk/functional areas.

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 [email protected].

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