Senior Analyst Regulatory Compliance

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region.   SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network.  We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

1. Issue Branch circulars for all the staff members of the India Branches highlighting the regulatory requirements, actionables, timelines etc.
2. Keep a track and strict monitoring of all correspondences with the Regulators and ensure that responses to regulatory authorities are properly submitted within the stipulated period of time.
3. Handle Inspection by Local Regulatory Authorities and coordinate with other departments for smooth completion of the inspection.
4. Liaise with various internal stakeholders and ensure to submit the bank response to local regulatory authorities within the prescribed stipulated period of time.
5. Preparation of Annual Compliance Risk assessment & Compliance Action Plan and put up the same to Management. Post approval by branch management, submit the same to HCO, LCAPD, CCO, CPLD and ICPG.
6. Carry out Compliance Self Review and compliance Testing in line with the approved Compliance Risk Assessment and Action Plan and put up the report with findings to the management in a timely manner.
7. Conduct various Training (classroom training, Online training etc) to educate the branch staff on compliance issues followed with test assignments and track until completion.
8. To arrange for In Office Compliance Committee Meeting on bimonthly basis to discuss significant compliance matters in line with the HO guidelines
9. Arrange different meetings including Customer Service Committee Meeting etc. coordinate, prepare agenda and minutes.
10. Regular review of Policy and Procedure of Legal & Compliance Department to ensure that same is updated and amended with the approval of appropriate authority as and when there are changes in regulations/ guidelines
11. Maintain various MIS and prepare periodic reports in a timely manner. Monitor and manage various approved documents for quick retrieval.
12. Execution and completion of tasks assigned by department Head, controlling office, Regulator etc. in a timely manner.

Skills and Qualifications:

1. Should have sound knowledge of Legal and Compliances applicable on foreign banks in India.
2. Should have good oratory and written skills.
3. Should be able to keep track with the external compliance updates and implementation to take care of.
4. Strong in Microsoft  Word/ Excel/ PowerPoint excel and presentations.