Vice President Compliance

The Japan Research Institute, Limited (Singapore Branch); Gandhinagar; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation (SMBC), headquartered in Tokyo, invites a seasoned compliance professional to lead the AML/CFT framework and oversee KYC/CDD for customer due diligence and lifecycle oversight. The role focuses on sanctions, screening and monitoring governance, along with regulatory reporting and change management within an international banking context.

The position emphasizes risk-based monitoring, governance papers, and audit trails, with responsibilities spanning training,

Qualifications

• Graduate degree in law, finance, commerce, economics, business or a related discipline. A relevant professional qualification in AML, compliance, banking, risk or law is desirable.
• Demonstrated senior-level experience in banking compliance, AML/CFT, KYC/CDD, sanctions, monitoring/testing or regulatory advisory, preferably involving cross-border or wholesale banking.
• Strong working knowledge of the PMLA and PML Rules, IFSCA AML/CFT/KYC requirements, FIU-IND reporting expectations, sanctions frameworks and applicable banking compliance requirements.
• Ability to interpret regulation and convert requirements into proportionate policies, procedures, controls, risk assessments, monitoring plans and management reporting.
• Sound judgement and ability to provide objective, fact-based challenges while working collaboratively with business and control functions.
• Strong written and verbal communication, stakeholder management, investigation, analytical, documentation and presentation skills.
• Experience with client lifecycle management, screening and transaction monitoring systems is desirable, including data-quality, UAT and post-implementation control reviews.
• Ability to manage competing priorities, sensitive information, regulatory deadlines and team deliverables with appropriate escalation and audit trail.

Responsibilities

• Lead the AML/CFT framework implementation and ongoing enhancement, including risk assessment, customer risk methodology and MIS to manage financial crime risks.
• Oversee KYC/CDD/EDD for new and existing customers, including beneficial ownership, PEP and high-risk reviews, periodic reviews, trigger events and exception governance.
• Oversee sanctions and adverse information screening, alert adjudication, escalation and transaction monitoring governance; assess matches and control gaps with governance alignment.
• Execute and supervise risk-based compliance monitoring and testing; document findings, corrective actions and remediation tracking.
• Interpret regulatory requirements; advise on products, transactions, outsourcing, systems and process changes; drive implementation of regulatory change.
• Coordinate accurate and timely compliance/AML reporting and governance papers; support regulatory interactions and maintain audit trails.
• Oversee regulatory reporting, governance and stakeholder management.
• Assist with change management and regulatory advisory activities.

Skills

Banking Compliance

AML/CFT

KYC/CDD

Sanctions

Regulatory Reporting

Education

Graduate degree in finance or law

Desirable AML/compliance qualification

Job description

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.

Primary Responsibilities

% Time

AML/CFT Framework and Financial Crime Risk Management
Lead implementation and periodic enhancement of the IBU AML/CFT framework, including business risk assessment, customer risk methodology, escalation standards and management information, to ensure financial crime risks are managed on a risk-based basis.

30%

KYC, CDD and Client Lifecycle Oversight
Oversee KYC/CDD/EDD for new and existing customers, including beneficial ownership, PEP and high-risk customer reviews, periodic reviews, trigger events and exception governance, to ensure complete, accurate and timely customer due diligence.

20%

Sanctions, Screening and Transaction Monitoring
Oversee sanctions and adverse information screening, alert adjudication, escalation and transaction monitoring governance; assess potential matches and control gaps and coordinate appropriate action in line with legal and Group requirements. Any other tasks as assigned from time to time.

20%

Compliance Monitoring, Testing and Issue Management
Execute and supervise the risk-based compliance monitoring and testing plan; document findings, agree corrective actions, track remediation and report overdue or material matters to relevant governance forums.

10%

Regulatory Compliance Advisory and Change Management
Interpret IFSCA and other applicable requirements; advise on products, transactions, outsourcing, systems and process changes; maintain regulatory obligations and drive implementation of regulatory change.

Regulatory Reporting, Governance and Stakeholder Management
Coordinate accurate and timely compliance/AML returns and notifications; prepare governance papers and MIS; support regulatory interactions and ensure clear records, evidence and audit trails.

10%

Secondary Responsibilities

% Time

Training and Compliance Culture
Develop and deliver role-based AML, KYC, sanctions and compliance training; promote timely escalation and accountable conduct.

4%

Audit and Regulatory Examination Support
Coordinate responses to internal, concurrent, statutory and regulatory reviews; validate evidence and monitor closure of observations.

3%

Systems, Data and Process Improvement
Support testing and enhancement of KYC, screening, monitoring and regulatory workflow systems; identify data-quality and control improvements.

2%

Team Management and Department Administration
Allocate work, review quality, coach team members and maintain procedures, trackers, records and departmental continuity arrangements.

1%

Total

100%

Knowledge, Skills, Experience & Qualifications

• Graduate degree in law, finance, commerce, economics, business or a related discipline. A relevant professional qualification in AML, compliance, banking, risk or law is desirable.
• Demonstrated senior-level experience in banking compliance, AML/CFT, KYC/CDD, sanctions, monitoring/testing or regulatory advisory, preferably involving cross-border or wholesale banking.
• Strong working knowledge of the PMLA and PML Rules, IFSCA AML/CFT/KYC requirements, FIU-IND reporting expectations, sanctions frameworks and applicable banking compliance requirements.
• Ability to interpret regulation and convert requirements into proportionate policies, procedures, controls, risk assessments, monitoring plans and management reporting.
• Sound judgement and ability to provide objective, fact-based challenges while working collaboratively with business and control functions.
• Strong written and verbal communication, stakeholder management, investigation, analytical, documentation and presentation skills.
• Experience with client lifecycle management, screening and transaction monitoring systems is desirable, including data-quality, UAT and post-implementation control reviews.
• Ability to manage competing priorities, sensitive information, regulatory deadlines and team deliverables with appropriate escalation and audit trail.