KYC Quality Control Associate

Job Level:  Associate
Job Function:  Governance & Assurance

Jersey City, NJ, US, 07311

Employment Type:  Full Time
Requisition ID:  2917

 SMBC 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 $75,000.00 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

Within the Compliance Operations Department, the Account Control Group (ACG) QC is responsible for performing processes related to Know Your Customer (KYC/CIP), assessing the quality of KYC folders, assisting with specialized projects, and supporting the ACG VP with day-to-day operational processes and reporting within ACG. May act in capacity of team leader or individual contributor.


Role Objectives

  • Ensures operational efficiencies and customer data integrity in accordance with internal policies and procedures of SMBC and Head Office and compliance with AML/BSA/OFAC regulations.  
  • Performs new customer on boarding, account opening, account updates and static data maintenance. Provides quality control of KYC (Know Your Customer) and CIP customer information and assures verification in accordance with AML policy and procedure.   
  • Ensures adherence to the SMBC KYC Program; supports industry-mandated changes or system changes by participating in the change process; recommends changes through compliance with bank policies.
  • Activities of the ACG team are governed by SMBC’s Policies and Procedures. The ACG QC assists the ACG VP as assigned to ensure that the following are adhered to by all employees within the department:
    • ensures that CIP information and mandatory DD/EDD information is collected prior to account opening;
    • collects from the RM and reviewing, for adequacy and accuracy, all required KYC information and documentation within prescribed time frame.
    • confirms that verification documents are obtained by the RM and work performed by the ACG Analyst are completed within a prescribed time frame;
    • conducts background checks (i.e., OFAC, politically exposed persons, 311 and adverse information checks),
    • maintains evidence of search results in the KYC system and escalating to the BSA Officer any confirmed or suspected name matches associated with material negative information.
  • Troubleshoots routine and some complex issues with KYC/CIP system and various subsystems to resolution. 
  • Provides quality check for updates made to existing customer records including appropriate documentation review. Also performs quality check reviews on alerts or cases and tracks deficiencies in order to enhance procedural standards and takes initiatives to suggest, plan and implement changes.
  • Working with the ACG VP, ensures business continuity under all conditions, sometimes adverse, with strict adherence to established guidelines and deadlines.

Qualifications and Skills

  • Very strong technical knowledge of AML, Bank Secrecy Act, Foreign Asset Control. 
  • Very strong level knowledge of KYC (Know Your Customer) process and regulations. 
  • Strong knowledge of banking policies, statutory and compliance regulations. 
  • Strong knowledge of market practices related to compliance operations.
  • Good judgement, sense of urgency and accountability; time- management skills; critical thinking skills. 
  • Ability to supervise and train others.
  • Ability to execute in a high pressure environment. 
  • Good interpersonal skills.  
  • Strong written and verbal communication 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

Nearest Major Market: Jersey City
Nearest Secondary Market: New York City