Compliance Quality Assurance Testing Associate

Job Level:  Associate
Job Function:  Governance & Assurance

Jersey City, NJ, US, 07311

Employment Type:  Full Time
Requisition ID:  2882

 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 $80,000.00 and $131,000.00. 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 Financial Crimes Compliance (FCC) Unit, Quality Assurance (QA) Testing Team is responsible for assessing compliance with AML/BSA and Sanctions laws and regulations.  The QA Testing Associate is responsible for conducting the day-to-day testing efforts related to KYC, Sanctions, FIU Investigations and other FCC units. The QA Testing Associate’s role involves supporting the planning and execution of the unit’s activities and assisting in training the unit’s analysts in testing assessments.  The Associate will utilize test scripts, and judgement to evaluate compliance with AML/BSA and Sanctions policies and procedures.  The Associate will identify and compile thematic issues, document test results, and communicate findings. The QA Testing Associate also assist in drafting QA Testing Reports and updating QA Testing procedures and test scripts. The QA Testing Associate performs validation testing for issues identified during QA Tests.  Furthermore, the QA Associate will interact with stakeholders from various internal bank departments, such as KYC, Sanctions, FIU, Analytics, and Program Management

Role Objectives

  • Perform full-scope reviews, targeted reviews, and / or special projects and related tasks as directed by the FCC QA Testing Executive Director.
  • Assess compliance with BSA and sanctions related regulations and established policies and procedures.
  • Identify, test, and evaluate related controls and procedures to determine that business procedures and controls are designed appropriately and operating effectively.
  • Assist in developing testing plan, procedures, and test scripts for the testing of program areas and products and services.
  • Identify potential concerns & control gaps, determine the root cause of identified issues, and help coordinate corrective action plans with applicable stakeholders.
  • Document detailed substantive work papers, prepare findings, and communicate to process owners and management.
  • Assist in collection and analysis of quantitative and qualitative Risk Assessment data.
  • Perform validation and closure of issues identified during tests.

Qualifications and Skills

  • Strong working knowledge of BSA/AML and sanctions laws and regulations, and compliance requirements and standards that impact a global financial services firm such as KYC/client risk rating, transaction monitoring, suspicious activity reporting, client screening/sanctions requirements, and risk assessments.
  • Demonstrate project management or team leadership skills.
  • Strong analytical skills to identify, document, present, and report issues.
  • Expert knowledge of banking products and services.
  • Strong relationship-building skills to manage internal management relationships.
  • Maintains high level of confidentiality, unquestionable character, integrity, and professionalism.
  • ACAMS certified or other equivalent industry certification is a plus.
  • Work Experience: 5 to 7 years of comparable or relevant experience
  • Education: Preferred: BA / BS (or equivalent experience)
  • Licenses/Certifications/Registrations: ACAMS
  • Language Skills: English
  • Software Systems / Programming Languages: Proficiency in Excel, PowerPoint

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