Associate

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 Operations Risk Management Department (“ORM”) identifies and evaluates operational risks to which the New York Branch (“the Branch”) is inherently exposed as well as enables appropriate mitigating actions. Operations Risk Management (“ORM”) establishes and maintains appropriate policies, procedures and the operational risk management framework that incorporates Operational Risk Assessments, Key Risk Indicators (“KRIs”), and an oversight process through Operational Risk Management Meeting. ORM is directly involved in all operational risk related projects, matters and issues.

Your Role Overview:

ORM Associate is accountable for engaging in the proactive identification, escalation, and timely mitigation of operational risks.

This role will provide broad exposure to all functions and business lines within the Americas Division, and the successful candidate will be expected to execute all aspects of the Operational Risk Management Framework through the oversight activities.

Your Duties and Responsibilities:

The main responsibilities for this role are as follows:

1. Conducts various Operational Risk related projects and initiatives, including the AD-wide Risk Culture Project.
2. Assists the Vendor Risk Management activities.
3. Assists in review and re-design of the Operational Risk Event (Business Continuity) Risk and Control Self-Assessment (“RCSA”).
4. Prepares operational risk reports, schedules meetings, takes notes, prepares minutes, and maintains files for ORM department.
5. Provides analysis and coordination for the ORM department.
6. Coordinates and manages the Corrective Action Plan process.
7. Coordinates and manages the Policy and Procedures tracking process.
8. Coordinates and manages the New Product Approval process.
9. Assists in coordinating and conducting Operational Risk Assessment, Vendor Risk Assessment & Vendor Performance Review, Model Risk Assessment, and Operational Risk Event (Business Continuity) Risk and Control Self-Assessment.
10. Researches any regulatory changes or/and risk trends applicable to area(s) of coverage and creates Operational Risk Newsletter.
11. Creates presentations of key risk indicators to senior management.
12. Performs other duties and responsibilities as assigned by management.

Your Qualifications:

1. Bachelors Degree or equivalent.
2. Minimum of 3-5 years of prior operational risk experience with a financial institution or major consulting firm.
3. Integrative thinking skills, basic risk management knowledge, good organizational, communication and influencing skills.
4. Analytical and thorough approach to form defensible conclusions from risk assessments.
5. Able to present to and respond effectively to internal and external stakeholders.
6. Team-oriented with strong interpersonal skills, able to calmly manage conflict and pressure in a demanding, high-volume environment.
7. Able to be flexible and capable of prioritizing based on changing internal or external demands.
8. Good computer skills in Microsoft Office including Excel, Word, and PowerPoint.

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