Liquidity Managing Trader

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 Assistant 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 Market Unit (“GMU”), Americas Division” which performs business functions. The Treasury Team (“MTR”) focuses on Funding Activities and Security and Forex Investments. The Treasury Team is divided into the ALM and Investment Accounts.

Your Role Overview:

Responsible for sound daily execution and operation for Treasury Team within interest rate products and foreign exchange. Develops and executes department business plans. Works on projects to improve efficiencies.

Your Duties and Responsibilities:

1. Assists traders in managing liquidity and interest rate exposures related to the ALM operation including money market trading related to CD / CP issuances and interbank, FX/cross currency& interest rate swap transaction, customer deposits for funding purposes and existing counterparty relationship management within the allocated authorities under the supervision of the Head of Treasury Team and/or Assistant Managers.
2. To assist trading officers or senior managers to cooperate with other departments, to research and resolve any problems that may arise with trading.
3. Supports the development and enhancement of the liquidity, funding and pricing framework to enhance it according to banking business needs, regulatory requirements and industry standards under the supervision of the Head of Treasury Team and/or Assistant Managers.
4. Supports New York Branch’s commercial banking business including loans / investments / deposits through fair and stable pricing and proper operations.
5. Assists new funding source development in the areas of new counterparty and new products, directly dealing with external liaisons representing the bank.
6. Prepares periodic and on-demand reports and documents to the Senior Management and Head Office.
7. Abides by all Compliance related procedures.
8. Performs other duties and responsibilities as assigned by management.

Your Qualifications:

1. Bachelor’s degree or its equivalent in business, finance, economics or law.
2. 1-3 years of experience as a funding / money trading assistant or in bank operations preferred.
3. Good business mathematical skills.
4. Proficient in Microsoft 365 (Excel, PowerPoint, Word, Outlook, and Access).
5. Excellent oral and written communications skills.
6. Ability to work in a team environment.

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