Junior Auditor

Job Type: Location Type: Hybrid

 

This role is located in New York City and will require a hybrid work schedule of at least 2 days in office per week.

This role is for Officer level candidates.

About the Bank

Sumitomo Mitsui Trust Bank, Limited was established through the merger of The Sumitomo Trust and Banking Co., Ltd with Chuo Mitsui Trust and Banking, Ltd. on April 1, 2012. We are one of the largest asset managers in Asia and number one among Japanese financial institutions by AUM, with approximately $850 Billion USD in AUM. The Bank provides an assortment of financial solutions and manages a broad spectrum of financial products across its global branches.

Department Overview:

The Americas Division (“AD”) was established in the Sumitomo Mitsui Trust Bank, Limited, New York Branch) (“SMTBNY”) to perform corporate functions and supervise U.S. entities. Established under the AD are the “Global Banking Unit (“GBU”), Americas Division” and “Global Markets Unit (“GMU”), Americas Division” which performs business functions. The Internal Audit Department (“IAD”) is under the direction of Head Office Internal Audit Department. IAD plays a key role in the SMTBNY corporate governance. Functionally, the Internal Audit Department reports directly to the Head Office Internal Audit Department (“HOIAD”) and is independent of SMTBNY Management. Administratively, IAD reports to the GM of the SMTBNY. In order to ensure its independence and objectivity regarding all aspects of the SMTBNY’s business, The Internal Audit Department has no Management responsibilities or authority for any SMTBNY activities that are subject to internal audit and is to function independently of all other areas of the SMTBNY.

The Internal Audit function provides independent assurance to Senior Management of the SMTBNY on the quality of and effectiveness of the bank’s internal control, risk management and governance system and processes. The internal audit function is part of the ongoing monitoring of the system of internal controls within SMTBNY as it provides an independent assessment of the adequacy of, and compliance with, the bank’s established policies and procedures.

Your Role Overview:

The Junior Auditor is responsible for participating in operational audit engagements; identifying and understanding risks and controls associated with various banking business functions; and performing analysis and conducting detailed testing in accordance with approved audit programs and guidance to determine the adequacy of the design and operational effectiveness of controls in place. The Junior Auditor is also responsible for assisting NYIAD management with various administrative functions required of the department locally, as well as by HOIAD.

Your Duties and Responsibilities

1. Participate in performing internal audit analysis and detailed testing to evaluate the effectiveness of internal controls in place, risk management functions, and compliance with policies and procedures, as well as regulatory requirements, with a focus on banking industry standards, requirements, and best practices.
2. Identify control weaknesses and provide value-added recommendations for improvements in processes, structure, and policies and procedures based upon regulatory and banking industry standards; as well as identify efficiencies to enhance operations.
3. Professionally and effectively communicate with NYIAD Management, auditees and HOIAD as requested.
4. Work in a dynamic environment, keeping current on trends, risks, and threats in the banking environment.
5. Document audit work clearly and concisely consistent with NYIAD and IIA Standards.
6. Assist in assigned testing in conjunction with and provide administrative support to co-sourcing operational audit teams/engagements.
7. Assist with periodic J-SOX testing to evaluate the adequacy of key J-SOX operational controls.
8. Participate in the annual internal audit planning processes.
9. Provide input to IAD management to ensure the IAD risk assessment reflects identified changes in internal and external factors.
10. Assist with the preparation of each co-sourcing team’s budget to actual audit hours and reconciliation with invoicing.
11. Assist with the preparation of key periodic reports for internal IAD, various Branch Committees, and HOIAD.
12. Provide general administrative support to the Head of Internal Audit Department and Internal Audit Department.
13. Perform such other duties as assigned by IAD management.

Your Qualifications:

1. Bachelor’s degree in Accounting or Finance preferred.
2. 3+ years or more of audit experience in banking.
3. CPA, CIA or other professional designation preferred.
4. Strong analytical and problem-solving skills.
5. Strong written communication skill.
6. Good organizational, interpersonal skills.
7. Good computer skills in Microsoft Office including Excel and Word.
8. Experience with RSA Archer audit platform or Microsoft SharePoint is a plus.

Why you should join SuMi Trust:

SuMi Trust embraces flexible ways of working when the business and role permits. We provide employees with a hybrid working model, allowing for in-office work and work from home. Our diverse and inclusive environment along with our global presence enables us to collaborate and communicate to meet our business needs. We believe that efficient teams need truth, loyalty, and a strong sense of purpose to balance risk and their targets. We make sustainable business decisions to improve our society and the world. We believe that each person brings a unique value that drives the business though their creativity and passion.

• The Employee Benefits package includes: Paid Time Off, medical, HSA, vision, dental, FSA, 401(k), profit sharing, legal plan, cancer indemnity plan, disability insurance, life insurance, employee assistance program, commuter benefits, business travel accident, paid volunteer day, paid memberships, paid seminars, and tuition assistance.
• We offer many socialization opportunities for wellness, financial wellbeing, runs/walks, team building, happy hours, and activities to support the Sustainable Developmental Goals.

Check out our LinkedIn for our employee experience: https://www.linkedin.com/company/smtbny

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. SuMi Trust provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application