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SalarySMBC 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 Rail Services LLC, Manufacturers Bank, 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 $72,000.00 and $120,000.00. 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 Nikko Securities America, Inc. is a member of the Sumitomo Mitsui Financial Group (SMFG), one of the world's largest global financial institutions. Based in New York City, we are an SEC registered Broker dealer that provides financial products and services to global institutional clients, focusing on North America and Latin America.
The Client Onboarding Analyst will be responsible for managing the Client On-boarding and Periodic Review process. The Client Onboarding Analyst’s responsibilities include performing Customer Information Program (CIP), Know Your Customer (KYC) due diligence, identification of Politically Exposed Persons (PEP), Negative news and sanctions screenings. The Client Onboarding Analyst will interact with internal and external Stakeholders to ensure all regulatory and firm requirements are met for both new and existing customers.
Role Objectives
- Validates legal documentation obtained from Stakeholders and third-party sources for accuracy and to ensure the documentation is compliant with policy.
- Leverage accumulated wisdom to make determinations regarding document applicability in the risk control process, where documents are atypical or uncommon.
- Initiate workflows to update customer records within the bank’s internal system.
- Coordinate approvals related to periodic review and new onboards across multiple groups within the organization.
- Maintain detailed tracking of workload to ensure completion within required timeframes.
- Promptly responds to stakeholder inquiries and assists with problem resolution.
- Prioritize urgent and sensitive requests accordingly.
- Performs special projects as required and any other duties as assigned.
- Working closely with Compliance, Tax, Legal and other teams to render policies / procedures more transparent and commercial, all while preserving risk control strength.
Qualifications and Skills
- Solid knowledge of US PATRIOT Act, BSA / AML requirements (e.g. CIP requirements; difference between CDD and EDD).
- Strong understanding of FinCEN CDD Rule, FINRA Rules and FATCA.
- High competency in using external due diligence and screening tools such as Dow Jones, Factiva, OneSource, LexisNexis.
- Experience / appreciation for due diligence operations and onboarding applications / systems.
- Ability to face-off any potential touch-point relative to the onboarding / client maintenance workflow.
- Ability to execute in a high-pressure environment.
- Good analytical skills, detail oriented.
- Good interpersonal skills.
Additional Requirements
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.
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.
