Managing Director, Chief Compliance Officer

**Purpose of Position**:
This position is responsible for ensuring Canada Branch operations are meeting regulatory standards; advises senior management on local regulations, regional office (Americas Division) and Head Office (Japan) internal policies and procedures. This position is critical to support the growth of SMBC Canada Branch’s business and is the focal point for all activity within SMBC relating to banking compliance, financial crime (including anti-money laundering, anti-terrorist financing, anti-fraud, sanction compliance), and privacy, in Canada. This role will require development and maintenance of SMBC Canada compliance strategies and relevant policies and related controls, ensure their rigorous implementation across all functions within the branch, while maintaining sustained regulatory compliance.
The incumbent is appointed as the Local Compliance Officer (LCO) under the SMBC Head Office internal rules. In Canada, the incumbent is officially registered with Canadian authorities (regulators) as (1) Chief Compliance Officer (CCO); (2) Chief Privacy Officer and directly supervising Canada Branch Chief Anti Money Laundering Officer (CAMLO).
The incumbent will have the level of authority, independence and support to properly carry out responsibilities in connection with all SMBC governance functional Programs. This role will require ability/leadership to work across several areas, manage multiple deadlines and interact with internal and external stakeholders.

**Key Accountabilities**:
SMBC Canada is committed to the highest standards of control, governance and independent oversight. The CCO is someone with extensive experience in the financial industry and proven experience in a compliance function who is competent to design, lead and shape the future of oversight and compliance. Canada Branch CCO is directly supervising CAMLO.
The CCO is a key member of the Canadian branch management, with responsibility for all Canadian compliance & regulatory matters for SMBC Canada. This position primarily reports to the Head of Corporate Compliance Americas division (CPAD) functionally, the incumbent also reports to the General Manager of Canada branch as an employee of the branch. A functional matrixed reporting line is held with the Head of Financial Crime Compliance America Division for Financial Crime responsibilities.
The incumbent shall be a strong problem solver, who has hands-on experience with regulators and the regulatory exam process in financial institutions. The incumbent must be a highly motivated and tenacious individual, with a proven ability to take initiative, working both independently and within a team, who is comfortable working in a fast-paced environment under high pressure. This role will demand high-level of energy, an entrepreneurial spirit and the comfort to work in a changing environment.

**Regulatory (Banking) Compliance responsibilities**:

- Follow regulatory developments in the industry and conduct an annual (or more frequently, as required) review and revision of all policies and procedures to ensure that they remain current.
- Advise employees of applicable changes in regulation & reporting emerging regulatory developments to AD CCO & relevant governance forums.
- Evaluate business objectives, regulatory developments and propose customized compliance solutions within the firm’s risk tolerance and regulatory requirements; Keep abreast of and anticipate changes in regulatory regimes and implement appropriate changes to compliance practices and policies.
- Promote a culture of compliance and fiduciary responsibility within the firm. Identify potential areas of conduct & regulatory risk, and lead projects related to the enhancement of the compliance program and strategic initiatives.
- Development, supervision and enforcement of policies and procedures to ensure compliance under Canadian laws and regulatory requirements. Responsible for the branch’s anti-bribery/corruption program, gifts and entertainment program for all local employees.
- Implement and maintain local privacy program (designated local Privacy Officer). Responsible for management of reporting of complaints, disputes, and litigation matters.
- Responsible for developing and establish a reasonable Regulatory Compliance Management Framework (RCM) according to OSFI guideline E-13, which is fit for the size and business complexity of SMBC Canada.
- The Canada Compliance Officer also acts as the Canada Branch level Fraud Prevention Officer (CB FPO), in alignment with the AD Policy. The Branch Compliance Officer will be the key point of contact for fraud-related matters within Canada Branch and will liaise with CPAD and the AD FPO, as required. The incumbent will consider fraud matters for escalation to the Branch Management, and, if appropriate, to the Business Controls Department Americas Division Anti-Fraud (“BCDAD Anti-Fraud”) and/or Compliance Americas Division Anti-Fraud (“CPAD Anti-Fraud”).
- Update Canada Br