Vice President - Business Compliance Officer Support

COMPANY OVERVIEW Headquartered in Tokyo, SMBC is one of the largest Japanese banks by assets (with over 238,700 billion in total assets), with strong credit ratings across the globe. The bank offers personal, corporate and investment banking services to their customer network that extends across 39 countries and regions, 15 of which are in Asia. The Asia-Pacific regional headquarter, established in 2008, is based in Singapore. The bank’s presence in India was established in New Delhi in December 2012, in Mumbai in March 2017 and Chennai in November 2020. In India, SMBC concentrates on Wholesale Banking with a strong client base and coverage of global and local conglomerates and corporates. Its strong financials and worldwide operations provide clients with global solutions that makes SMBC the leading choice for businesses expanding around the globe, particularly in Asia. OUR VALUES Integrity | Customer First | Proactive & Innovative | Speed & Quality | Team“SMBC Group” URL: www.smbc.co.jp/global/ and www.smbc.co.jp/asia/ JOB DESCRIPTION Purpose of the position The prospective candidate will be responsible for supporting Country Business Compliance Officer (CT BCO) to manage Compliance/Risk Management Coordinator role as per Global Policy of the organization. The focus of the role will be on managing internal control and monitoring, risk assessments, compliance management, response to local regulatory requirements, audit and inspection, incident reporting, initiate trainings (where necessary) and clear reporting and communication with various teams in the organization. The responsibility for the branch’s compliance and risk management governance is with the Country Head (CH) and the CT BCO team is expected to support the CH to fulfill his/her responsibilities for the branch. The role shall be independent from direct business promotion or meeting monetary targets. Job Responsibilities Be the first point of contact for CT BCO to cultivate sound risk management and good compliance culture in the branch. Ensure the branch’s compliance with laws, regulations ( with interpretation capability ), internal rules, policies, and procedures in collaboration with 2/3LoD Establish a standard process for reporting and proactively communicate / report to internal stakeholders and management any issue, or gap relating to regulatory inspection, audit, risk and compliance findings so that they are informed of the risks arising ahead of time and can appropriately manage the risk at an early stage. Monitor for gaps and lapses in compliance and risk management reporting for the branch and work closely with 2/3LoD and APAC to address them. Support the departments in the branch with the various Risk and Compliance Assessments as well as APAC Risk Register initiated by 2/3LoD to identify any significant and / or potential compliance or operational risk issues and execute the necessary actions to manage the various risks. Monitor and address the branch’s audit / inspection-related matters, assess all identified findings / issues and follow up with departments in the branch on the necessary actions to remediate the gaps, and where necessary to consult with 2/3LoD and APAC Perform a review on any potential / actual incident, breach, loss or near-miss incident caused by the branch as stipulated in the relevant H.O. PPMs, local PPMs or internal policy or rules, prior to submission to the relevant departments such as 2LoD or APAC Analyze root causes of the incidents and / or breaches and consult with 2LoD to establish and implement preventive or corrective measures for the incidents and / or breaches. Identify of areas for improvement, especially in streamlining processes or executing activities more efficiently Experience & Qualifications Average of 15 years of work experience in a global financial institution / professional services firm with a law degree. Previous relevant experience as project manager in a bank is essential. Strong Project Management skills. Strong verbal and written communication skills. Good at negotiating and resolving conflicts. Team oriented and organizational awareness, Maintain positive working relationships with managements in relevant depts as have to handle cross departmental projects. Logical thinking and accuracy to meet regulatory reporting requests (including capability to logically interpret regulations from the regulators). Able to work in a high-pressure environment, and comfortable in dealing with ambiguity Willingness to assume new responsibilities where needed. Excellent on power-point and excel. Good people management skills and team oriented Possess training / coaching skills. Detailed and meticulous