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Job Type:
Full-time
Minimum USD Salary: 100,000
Maximum USD Salary: 115,000

Industry: OB

Company: SUMITOMO MITSUI TRUST BANK, LIMITED

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.

Investor Services and Business Solution Department (“ISB”)

The Investor Services and Business Solution Department (“ISB”) is responsible for (i) distribution, agency services, and developing new business opportunities for syndicated loan transactions and (ii) developing and executing business and operation plans and managing day-to-day operations and administrative matters in GBU.

Specialty Finance Department (“SFD”)

The Specialty Finance Department (“SFD”) is responsible for originating, booking and monitoring credit facilities for both bilateral and syndicated loan transactions. SFD focuses on building and monitoring portfolio assets in 3 main product areas: Project Finance, Trade and Commodity Finance, and Aviation Finance.

Legal Department (“LGL”)

The Legal Department (“LGL”) provides support to all departments of the New York Branch for legal consultation and advice in order to reduce legal and regulatory risk and to reduce the overall legal costs of Sumitomo Mitsui Trust Bank, Limited (“SMTB”).

Real Estate Finance Department (“REF”)

The Real Estate Finance Department (“REF”) is responsible for originating, booking and monitoring credit facilities for both bilateral and syndicated loan transactions. REF focuses on building and monitoring portfolio assets in Real Estate product area.

Position Overview:

Operations Analyst, ISB, SFD, REF

Responsible for deal processing, internal control and regulatory compliance.

Compliance Analyst, LGL

Responsible for being knowledgeable of regulatory requirements, maintaining procedures and checking compliance for the Lending Group products. Acts as the Volcker Rule Responsible Officer for the Lending Group products.

Duties and Responsibilities

Operations Analyst, ISB, SFD, REF

  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 agent function, including communicating with customers and other lenders for loan servicing and distribution of documents.
  7. Maintains related systems, reports, credit files and websites as well as assigns application numbers and records approvals.
  8. Performs other duties and responsibilities as assigned by management.

Compliance Analyst, LGL

  1. Keeps current on the Bank’s regulatory compliance requirements by frequently reviewing and being knowledgeable of the requirements in all compliance policy and procedure manuals, especially the Legal Summary of the BSA/AML Compliance Program, Legal Summary of the Corporate Compliance Program and the Legal Summary of the Requirements Regarding Opening, Monitoring and Closing of Customer Accounts.
  2. Review new and developing regulatory compliance requirements and consider the applicability to the Lending Group products and activities and take necessary actions.
  3. Prepares and manages Customer/Account Profiles through research of customer’s business, location, industry, markets, use of funds and legal and business organizational structure, including ownership and key management for Lending Group Intermediaries.
  4. Coordinates with Lending Group Department Managers, Regulatory Compliance Department and Legal Department for the scheduling and timely review of customers and intermediaries.
  5. Performs daily and weekly due diligence to identify ownership structure for prospective/current/terminated customers for the purpose of maintaining the Personal Training Restricted List.
  6. Review Closing Checklists for regulatory compliance
  7. Maintains systems for monitoring customers and intermediaries for regulatory compliance purposes.
  8. Act as Secondary Volcker Rule Responsible Officer.
  9. Responsible for (i) ensuring that all Lending Group activities are in compliance with the Volcker Rule; (ii) keeping up with any changes and new developments related to Volcker Rule provisions affecting the activities of the Lending Group; and (iii) ensuring that the Lending Group Administrative Procedures section on Volcker Rule remains in compliance with the applicable requirements of the Volcker Rule.
  10. Assists with other regulatory compliance tasks as needed.
  11. Performs other duties and responsibilities as assigned by management.

Knowledge, Skills and Abilities

  1. Bachelor’s degree in Finance, Economics or related field.
  2. 2+ years of banking experience is preferred.
  3. General knowledge of banking principles and/or loan markets.
  4. Excellent organization skills and detail oriented.
  5. Good interpersonal skills for team-oriented environment.
  6. Proficient in Microsoft 365 (Excel, PowerPoint, Word, Outlook, and Access).
  7. Excellent oral and written communication skills.
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