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OverviewSMBC's Risk Management Department Americas Division ("RMAD") is seeking an Associate of Operational Risk 2 nd LOD Testing program. The Associate will be responsible to assist in the execution of the testing program and to serve as a support for testing engagements. This role will also support the RCSA process for the SMBC's U.S. Combines US Operations (CUSO), SMBCAH and US Branches and Group Companies.The Associate will have direct responsibility to support testing engagements to validate the efficacy of internal controls related to operational risk, working under the direction of the head of the Team. The candidate should have functional knowledge of applicable U.S. best practices and regulatory expectations for Operational Risk. Additionally, a familiarity of the U.S. regulatory environment, risk identification / mitigation; and overseeing the workflows for monitoring and testing engagements is essential.ResponsibilitiesAssists and coordinates Monitoring and testing Activities
Assists the examiner-in-charge responsible for all facets of Operational Risk testing engagements
Assists in the development and refinement of testing scripts
Prepares information requests and announcement memoranda
Performs assigned field work to validate the efficacy of internal controls and direct oversight of assigned staff and their assignments.
Assists in the preparation of work papers for each engagement in accordance with department standards.
Identifies underlying issues and escalation / validation thereof with clients.
Drafts issue memoranda and reports for issuance to management.
Assists in the registration and tracking of identified issues and corrective action plans to validate remediation efforts
Participates in the RCSA process.
Assists in the consolidation and reporting of results within local and Head Office reporting.
QualificationsBachelor’s Degree required; Advanced Degree and/or Certifications high desired
At least 2 years of prior regulatory, compliance, audit and/or risk management experience with demonstrated track record of increasing management responsibilities
Financial services experience and knowledge of wholesale banking products as well as commercial leasing business, preferred.
Strong desire to continually deliver a quality and meaningful work product in a timely and efficient manger. Demonstrates strong judgement, political astuteness, and sensitivity to cultural diversity.
Strong interpersonal and communications skills to maintain solid working relationships.
Maintaining a regulatory compliance risk mindset to understand underlying risks and weaknesses to properly mitigate such risks.
Technical competency of applicable laws and regulations and application thereof during monitoring and testing engagements.
Strong analytical skills and attention to detail.
Ability to manage multiple assignments and reprioritize as circumstances may dictate.
Job Locations US-NY-White PlainsPosting Date 13 hours ago (6/1/2022 8:29 AM)Career Category Risk ManagementiCIMS ID 2022-12622Corporate Title AssociateType Fulltime-Regular (Exempt/Non-Exempt)SMBC is an EO employer – M/F/Veteran/Disability
