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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 MANUBANK, 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 $132,000.00 and $170,000.00. 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

The Anti-Fraud Risk Management program recognizes the importance of identifying, assessing, and managing its fraud risks in a consistent, sustainable, and effective manner. The purposes of these protocols are to identify the requirements needed for SMBC’s Anti-Fraud Risk Management Program including key roles and responsibilities required for the prevention, detection, and response to external, internal, and cyber fraud risk.

Provide operational support to prevent losses through detection, prevention and reporting of fraudulent activity. identifying, assessing, and managing its fraud risks in a consistent, sustainable, and effective manner. Continually Identify emerging trends in fraud activity and suggest recommendations to improve procedures and policies to detect and prevent fraud.

Role Objectives: Delivery

Provide operational support to prevention of losses through the detection, prevention and reporting of fraudulent activity. Support the development of fraud analysis reporting; assist with data pulls and monitor large data sets. Identify emerging trends in fraud activity and suggest recommendations for the improvement and implementation of procedures and policy related to fraud prevention detection. Work closely with group companies and other line of business to resolve fraud-related issues and concerns. Ensure compliance with applicable regulatory and policy standards, and that all assigned work is

Role Objectives: Interpersonal

Liaise day-to-day with group companies and other business units to coordinate support, implement safeguards and assist with fraud control inquires. Collaborate with internal partners within fraud investigations, lending operations, risk and deposits, in addition to other key business and support partners to escalate and remediate controls and participate in process improvements.

The VP of Anti-Fraud Governance has a responsibility to act as a direct conduit for all respective internal Business Units (BU’s) within the Americas Division (AD). They will report to the 1st Line Governance Team and liaise between the 2nd LoD and the Legal Entity BU’s to establish a regular liaison with fraud prevention partners to enable bi-directional communication to assess future risks from fraud offences and implement strategies to prevent or limit their impact on External businesses communities. The VP will be responsible to asses and provide a variety of clear and accurate prevention advice to be disseminated to the widest possible audience. This will include producing a variety of prevention products and engaging with external vendor opportunities.

Role Objectives: Expertise

Demonstrate ability to understand and use data and analytics to identify, authenticate and mitigate account fraud. Ability to translate insights and develop solutions. Demonstrate good knowledge and understanding of fraud screening solutions and controls; understand automation systems related to all aspects of fraud financial crimes (e.g., identity theft, wire / ACH / check fraud, BEC etc.). Possess and maintain good working knowledge of internal and industry payment channels. Demonstrate solid knowledge of all applicable regulatory standards and requirements (e.g., Anti-Money Laundering “AML”, Bank Secrecy Act “BSA”, etc.).

Qualifications and Skills

Recommended years of (Anti-Fraud) experience: 7

Experience with incident response protocols including case management systems

Experienced & skilled on escalation techniques & comfortable working with internal resolver groups and local/state law enforcement agencies

Experienced & comfortable working with IT on technology related matters

Experienced Project Managment Skills. Project Managment Officer (PMO) optional

Experienced & knowledgeable about Fraud and /or banking products

Certified Fraud Examiner (CFE)

Extensive hands-on experience working with Anti-Fraud, Fraud Risk Assessment, Problem and Incident Management Processes

Experienced with Core Financial Banking Applications and & Financial Sector

Experienced & comfortable working with IT on technology related matters

Experienced working with all levels of management including ‘C’ level officers

Comfortable working with Compliance, Risk, Legal and Audit

Experienced & knowledgeable about Fraud Red - Flags, Attack Vectors and Fraud Schemes

Experienced working with all Legal Entities and Fraud Prevention Officers

A minimum of 5-7 years of working in the Banking Industry, Fraud Risk Assessment, Anti-Fraud and/or Big 4 industry

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

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 accommodations@smbcgroup.com.