Risk & Control Analyst

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. 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:

Risk and Control Analyst is accountable for engaging in the proactive identification, escalation, and timely mitigation of operational risks. Responsible for administering Operational Risk and Control Self-Assessment (RCSA) including Control Testing and Risk Register. Participates in the design, supervision, and implementation of an RCSA program to provide support in identifying, assessing, monitoring, and escalating the risk assessments performed by the First Line of the Bank.

The analyst is given broad exposure to all functions and business lines within the Americas Division and is expected to execute all aspects of the Operational Risk Management Framework through the 2nd line of defense oversight activities.

Your Duties and Responsibilities:

1. Coordinate and conduct Risk and Control Self-Assessment (“RCSA”).
2. Coordinate and conduct Vendor Risk Assessment, Model Risk Assessment, and Operational Risk Event (Business Continuity) Assessment.
3. Conduct analyses of risk data to identify trends and potential areas of concern.
4. Perform deep dives to assess the design and operational effectiveness of controls surrounding key technology and operations processes, and to identify remediation for gaps to mitigate risks.
5. Challenge risks within scenario analysis.
6. Maintain Risk Registers.
7. Contribute to the New Product Approval process.
8. Research regulatory changes and/or risk trends applicable to area(s) of coverage.
9. Assist in various Operational Risk related projects and initiatives.
10. Proactively contribute to the risk culture and overall awareness of operational risk and contribute to the creation and delivery of operational risk management training and/or workshop sessions.
11. Prepare operational risk reports, schedule meetings, takes notes, prepare minutes, and maintain files for ORM department.
12. Provide analysis and coordination for the ORM department.
13. Provide challenges on key indicators and material operational risks.
14. Identify emerging operational risks in the context of the regulatory and business operation environment and assure that measures are being taken to mitigate these risks.
15. Serve as a subject matter expert for operational risk and control assessments, and independently prepare a comprehensive report.
16. Facilitate accurate and appropriate reporting of operational risks to senior management.
17. Analyze operational risk data (losses, metrics, or assessment results) to identify areas of excessive risk and to ensure that mitigation efforts are having the desired effect(s).
18. Perform other duties and responsibilities as assigned by management.

Your Qualifications:

1. Bachelor’s degree or equivalent.
2. A minimum of 4-5 years of prior operational risk management experience with a financial institution, including exposure to technology risk, information/cyber security risk, vendor risk and/or model risk management.
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