About the Role
This role is for Officer level candidates within the Treasury Team, focusing on Funding Activities and Security and Forex Investments. The Treasury Team is divided into ALM and Investment Accounts. The Front Office Risk Management & Administration Team’s primary responsibility is to establish and maintain a sound risk management structure regarding compliance and operational risks within the Global Market Unit.
Responsibilities
- Ensure stress testing is performed to assess the impact of cash movements for heightened monitoring and reporting.
- Collect, analyze, and scrutinize liquidity risk data from various departments, and update stress test scenarios, assumptions, and contingency funding plan.
- Implement other risk management frameworks and ensure they are performed.
- Monitor regulations and work with risk owners to ensure that GMU complies with all required regulations.
- May be responsible for creating regulatory frameworks for GMU.
- Perform transactions / counterparties review and prepare monthly reports.
- Perform operational risk management, manage various project teams as assigned, as well as development and improvement of internal controls.
- Assist with procedure manuals updates, FRB / NYSDFS examinations, compliance testing, and audits as needed.
- Ensure proper credit line and counterparty risk management.
- May liaise with Head Office.
- Performs other duties and responsibilities as assigned by management.
Requirements
- Bachelor’s degree or equivalent, in finance, economics, data processing and programming with 5+ years of related experience
- Advanced in Microsoft 365 (Word, and Outlook), intermediate knowledge of Excel.
- Basic understanding of Visual Basic Application, SQL, Access, and Power Point preferred.
- Knowledge of risk management and market products and services, preferred.
- Understanding of key liquidity regulations such as Reg YY, FR 2052a, LCR and NSFR
- Knowledge of ISDA and CSA, preferred.
- Prior work experience in a financial institution, preferred.
Skills
- Microsoft 365 (Word, Outlook)
- Excel
- Visual Basic Application
- SQL
- Access
- Power Point
- Risk management
- Market products and services
- Liquidity regulations (Reg YY, FR 2052a, LCR and NSFR)
- ISDA
- CSA
Location
- New York City
Work Type
- Hybrid
Experience Level
- Officer level
- 5+ years of related experience
Education Level
- Bachelor’s degree or equivalent
Benefits
- 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
- Tuition assistance
About the Company
- 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.
- 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.
- The Front Office Risk Management & Administration Team’s (“FORMAT/ MFM”) primary responsibility is to establish and maintain a sound risk management structure regarding compliance and operational risks within the GMU.
Equal Opportunity
- 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
