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 $82,000.00 and $132,000.00. 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
This position sits within the Compliance Anti-Fraud Team which is part of the SMBC Compliance department (CPAD). The Anti-Fraud Team is responsible for developing, overseeing, maintaining, and supporting the Anti-Fraud program including, Internal Fraud Risk Management. This team acts in an advisory capacity and as a subject matter expert providing credible challenge to in-scope first line of defense activities and performing second level controls.
The Anti-Fraud Compliance Associate functions within the Compliance Anti-Fraud team which is responsible for developing, maintaining, supporting the Anti-Fraud program and ensuring compliance with internal policies and procedures. This team acts in an advisory capacity and as a subject matter expert providing credible challenge to in-scope first line of defense activities and performing second level controls.
Role Objectives
This role will report and assist the VP of Anti-Fraud Governance, CPAD, with initiatives pertaining to the Internal Fraud program. The chosen candidate will assist in developing policies and procedures, related training, and communications as well as support with assigned projects aimed to improve program effectiveness and efficiencies.
The job responsibilities are described herein, but are not all inclusive:
Assist in conducting fraud risk assessments across products, services, processes, and third-party relationship to identify any potential vulnerabilities.
Assist in updating related trainings, communications, and support the development and maintenance of fraud policies and procedures.
Support the development, implementation, and maintenance of fraud risk management policies, procedures, and internal control enhancement recommendation.
Assist management in re-mediating open Audit Findings and Self-Identified Issues linked to the Anti-Fraud program.
Monitor and analyze fraud trends, typologies, and indicators to assist in early detection and proactive mitigation.
Assist in Fraud technology projects for enhancement of both internal and external fraud monitoring capabilities.
Review fraud-related alerts, reports, or transaction activities escalated by key stakeholders. Coordinate with stakeholders to ensure timely and accurate completion of project deliverables.
Identify opportunities and recommend enhancements to systems and processes.
Assist with the preparation of fraud metrics, dashboards, and management reporting.
Develop and maintain partnerships and good working relationships with stakeholders.
Adhere to proper departmental practices to consistently maintain and safeguard confidentiality of information and support the highest level of ethical standards.
Qualifications and Skills
Knowledge in banking regulations and experience with working in Fraud, Financial Services Compliance, auditing, or another regulatory field.
Ability to support formulating policies, procedures, and related documentation.
Highly analytical with effective research, professional networking, and interpersonal skills
Demonstrated ability to build and maintain strong credible relationships with key stakeholder groups
Ability to work in a dynamic environment, and adjust to changing priorities
Technical proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and have strong verbal and written communication skills to relay information efficiently.
Self-motivated and able to handle tasks with minimal supervisions
Certified Fraud Examiner (CFE) is preferred, though not mandatory
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.
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 $82,000.00 and $132,000.00. 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
This position sits within the Compliance Anti-Fraud Team which is part of the SMBC Compliance department (CPAD). The Anti-Fraud Team is responsible for developing, overseeing, maintaining, and supporting the Anti-Fraud program including, Internal Fraud Risk Management. This team acts in an advisory capacity and as a subject matter expert providing credible challenge to in-scope first line of defense activities and performing second level controls.
The Anti-Fraud Compliance Associate functions within the Compliance Anti-Fraud team which is responsible for developing, maintaining, supporting the Anti-Fraud program and ensuring compliance with internal policies and procedures. This team acts in an advisory capacity and as a subject matter expert providing credible challenge to in-scope first line of defense activities and performing second level controls.
Role Objectives
This role will report and assist the VP of Anti-Fraud Governance, CPAD, with initiatives pertaining to the Internal Fraud program. The chosen candidate will assist in developing policies and procedures, related training, and communications as well as support with assigned projects aimed to improve program effectiveness and efficiencies.
The job responsibilities are described herein, but are not all inclusive:
Assist in conducting fraud risk assessments across products, services, processes, and third-party relationship to identify any potential vulnerabilities.
Assist in updating related trainings, communications, and support the development and maintenance of fraud policies and procedures.
Support the development, implementation, and maintenance of fraud risk management policies, procedures, and internal control enhancement recommendation.
Assist management in re-mediating open Audit Findings and Self-Identified Issues linked to the Anti-Fraud program.
Monitor and analyze fraud trends, typologies, and indicators to assist in early detection and proactive mitigation.
Assist in Fraud technology projects for enhancement of both internal and external fraud monitoring capabilities.
Review fraud-related alerts, reports, or transaction activities escalated by key stakeholders. Coordinate with stakeholders to ensure timely and accurate completion of project deliverables.
Identify opportunities and recommend enhancements to systems and processes.
Assist with the preparation of fraud metrics, dashboards, and management reporting.
Develop and maintain partnerships and good working relationships with stakeholders.
Adhere to proper departmental practices to consistently maintain and safeguard confidentiality of information and support the highest level of ethical standards.
Qualifications and Skills
Knowledge in banking regulations and experience with working in Fraud, Financial Services Compliance, auditing, or another regulatory field.
Ability to support formulating policies, procedures, and related documentation.
Highly analytical with effective research, professional networking, and interpersonal skills
Demonstrated ability to build and maintain strong credible relationships with key stakeholder groups
Ability to work in a dynamic environment, and adjust to changing priorities
Technical proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and have strong verbal and written communication skills to relay information efficiently.
Self-motivated and able to handle tasks with minimal supervisions
Certified Fraud Examiner (CFE) is preferred, though not mandatory
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.
💡 Quick Summary
Seeking a career-building opportunity? The Anti-Fraud Governance Associate position is now open for candidates interested in the Bank Jobs sector. This role in Jersey City offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
