Sumitomo Mitsui Banking Corporation

Key Responsibilities:

• Perform KYC/AML/Sanctions related reviews for new and existing Nikko PW clients.
•  Evaluate product suitability and client eligibility as well as tax classification (reason to know elements) against the established KYC profile.
• Prepare, maintain, and organize materials (training, checklist, guidelines), contributing also to NPC proposals, and ad-hoc information requests.
• Respond promptly to client queries and coordinate internal / external follow-ups.
• Support front office pipeline prioritization, ensuring timely and accurate execution of necessary reviews and account refresh activity.
• Help identify process efficiency opportunities and assist in change initiatives.
• Develop, implement, and monitor key controls for regulatory related processes inherent to the account opening and KYC maintenance processes.
• Maintain updated client records and manage information in CRM systems.
• Collaborate with internal teams (across Nikko Securities and SMBC Bank) such as investment, product, and operations to help deliver seamless client service.
• Assist in planning and coordinating intra and cross departmental training regarding client KYC, product suitability and client eligibility.

In more detail for:

• KYC/AML/Sanctions focus

Client Onboarding & Periodic Reviews (Nikko PW Compliance)

• Assess compliance with applicable AML/CFT, sanctions and Accredited Investor requirements.
• Perform independent compliance reviews of Nikko PW client onboarding and periodic review documentation.
• Provide guidance on compliance matters arising from Nikko PW onboarding and periodic review processes.

AML/CFT and Sanctions Advisory

• Provide AML/CFT and sanctions advisory support to the SMBC Nikko Private Wealth business ("Nikko PW").
• Assess the impact of new regulatory requirements relating to AML/CFT, sanctions and client due diligence, and conduct gap analyses where required.
• Develop, maintain and enhance AML/CFT, sanctions and client due diligence frameworks, policies and procedures for Nikko PW.

Financial Crime Compliance (Nikko PW Compliance)

• Review and disposition alerts arising from name screening and transaction monitoring activities.
• Investigate potential sanctions, adverse news, unusual transaction concerns, and escalate suspicious transactions/ activities in accordance with internal requirements.
• Support the ongoing enhancement and effectiveness of financial crime controls, surveillance processes and related systems.
• Perform periodic reviews and tuning of screening and monitoring thresholds to ensure parameters remain appropriate, effective and fit for purpose.

•  Business Controls and Governance focus

Governance, Reporting & Training Compliance, Governance & Business Support

• Monitor compliance with Accredited Investor requirements.
• Prepare management information, risk reports, dashboards, regulatory submissions, EWRA and other AML/CFT-related reporting whether for use by Nikko PW compliance or MO function.
• Deliver AML/CFT, sanctions and compliance training to SMBC Bank Private Wealth Group (“SMBC PWG”) staff who has been dual hatted into Nikko PW.
• Liaise with internal stakeholders, Head Office and external service providers on Nikko PW compliance, MO business controls and audit-related matters.

• Support compliance monitoring, self-assessments, regulatory projects, audits and regulatory inspection initiatives relating to Nikko PW Compliance and SMBC PWG.
• Provide support for governance, control and operational initiatives undertaken across the SMBC PWG to promote efficiency and effective utilisation of shared resources between SMBC PWG and Nikko PW.
• Undertake such other compliance, governance and business support (i.e. PWG Middle Office) responsibilities as may be assigned by Nikko PW Compliance and SMBC PWG.

Qualifications:

• Bachelor’s degree in Finance, Business, Economics, Law or related field.
• At least 10 years of experience in banking, wealth management, or financial services, prefereably obtained within the compliance and/or Operational Risk, Business Controls space.
• Good understanding of KYC, Sanctions, regimes, client onboarding, financial products and market dynamics.
• Strong organizational skills with attention to detail.
• Excellent communication and interpersonal abilities.
• Familiarity with regulatory standards and compliance processes.
• Proficiency in Microsoft Office and CRM tools.

Skills & Attributes:

• Client-focused with a proactive mindset
• Ability to manage multiple tasks efficiently
• Strong teamwork and collaboration skills
• Analytical and problem-solving capabilities
• High integrity and professionalism