Operations Analyst

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 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 Fund Finance Department (“FFD”) is responsible for providing financing and other service-based solutions to customers that primarily consist of alternative investment funds, fund managers and/or corporate clients. These solutions include, but are not limited to, subscription finance, liquidity facilities, and FX solutions, collectively “Fund Finance”, in addition to Asset Backed Commercial Paper (ABCP) solutions.

Your Role Overview:

Responsible for deal processing, internal control and regulatory compliance

Your Duties and Responsibilities:

1. Performs business review of credit documentation, regulatory compliance review and booking of new investments and for amendments or periodic review.
2. Ensures compliance and operational requirements are satisfied before closing and for amendments.
3. Coordinates with internal and third parties to effect bookings, amendments and funding.
4. Supports Credit Analysts with Branch and Head Office monitoring and reporting requirements.
5. Tracks credit documentation and other customer reporting requirements for timely receipt.
6. Performs loan servicing, which may include calculation of fees or accrued interest, invoicing and coordination of payments.
7. Performs agent function, including communicating with customers and other lenders for loan servicing and distribution of documents.
8. Maintains related systems, reports, credit files and websites as well as assigns application numbers and records approvals.
9. Performs other duties and responsibilities as assigned by management.

Your Qualifications:

1. Bachelor’s Degree in Finance, Economics or related field.
2. 2+ years of experience in either banking operations or bookkeeping preferred.
3. Knowledge of LoanIQ is a plus.
4. Good business math, analytical and interpersonal skills.
5. Excellent organizational ability.
6. Proficiency with PC in business-related applications.

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