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QA Testing Associate

Company: Sumitomo Mitsui Banking Corporation
Location: Jersey City
Posted on: June 4, 2021

Job Description:


Within the Financial Crimes Prevention Unit (FCPU), QA Testing is responsible for assessing compliance with AML/BSA and Sanctions laws and regulations. Reporting to the QA Testing VP, the QA Testing Associate is responsible for the day-to-day testing efforts related to KYC, Sanctions, FIU and other FCPU units. The QA Testing Associate will use test scripts and judgement to evaluate compliance with AML/BSA and Sanctions policies and procedures and document test results. The QA Testing Associate will communicate findings and assist in drafting QA Reports. QA Testing Associate will update QA Testing Procedures and scripts and assist in maintaining Issues Tracker. QA Testing Associate will perform validation testing for issues identified during QA Tests.

The QA Testing Unit Associate assists with the planning and day-to-day execution of unit's activities. The position draws upon experience and sound judgement to help train and lead the unit's analysts in testing assignments. The Associate will assist in updating QA procedures and test scripts. Associate will assist in compiling and identifying thematic issues identified during testing of KYC, Sanctions, FIU and other FCPU units. The QA Associate will assist in drafting QA Reports. The role of the QA Testing Unit Associate may include interaction with stakeholders from various internal bank departments such as KYC, Sanctions, FIU Investigations, Analytics and Program Management. QA Testing Unit Associate will also assist with the BSA/AML and Sanctions Risk Assessment (RA) process including updating the methodology, collecting and evaluating Assessment Unit's quantitative and qualitative data and preparing the RA report.



* Perform full-scope reviews, targeted reviews, and / or special projects and related tasks as directed by the BSA /AML QA Testing Director. Perform validation and closure of issues identified during tests. * 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.



* 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

Keywords: Sumitomo Mitsui Banking Corporation, Jersey City , QA Testing Associate, Other , Jersey City, New Jersey

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