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Sumitomo Mitsui Trust Bank Limited New York Branch is Hiring an Associate Near New York, NY
About The BankSumitomo 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 OverviewThe 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. Acting as back office to the Branch's Global Banking Unit, Loan Operations Department (“LOP”) is responsible for performing operational and administrative duties for booking and maintaining a wide range of credit-based products upon closing and throughout the life of transactions. The Department also provides certain check and balance points. Position OverviewFollows established guidelines for day-to-day, routine operational and administrative work. May be required to use some independent thought to handle complex issues. Focus on execution within defined parameters, some expansion based on developing capabilities or experiences in conjunction with experienced staff. Duties And Responsibilities
Captures credit related transactions and payments in ATLAS. Maintains operational ledgers and files of various forms in accordance with the Bank’s policy.
Contacts JCF customers and establishes lending or deposit arrangements within the boundaries of conditions approved by Head Office and the JCF Watch List.
Handles JCF administrative work (establishing new customer and facilities in Nicotel, ATLAS, and Loan Management System, preparing Information Sheets, processing payment, etc.) based on the instructions received from customers, agent banks and/or JCF Department.
Handles miscellaneous requests received from JCF customers. Handles various special tasks related to JCF transactions and helps keep a special handling list well organized and up to date.
Handles Balance Confirmation requests.
Monitors and applies incoming fees and interest payments. Investigates cash discrepancies associated with the responsible accounts. Claims compensation when necessary and follows up on reconcilement file.
Handles back-office operations for bonds acquired by Lending Group. This includes: capturing new bond products in Loantel and ATLAS systems, processing purchase, sale, redemption and coupon payments as well as timely funding of floating bonds.
Prepares various reports as requested by the supervisors.
Reports irregularities to the Supervisor(s) and/or Department Manager on a timely basis.
Performs other duties and responsibilities as assigned by management.
Knowledge, Skills, And Abilities
High school diploma.
0-2 years of experience in either banking operations or bookkeeping.
Basic accounting knowledge and good mathematical aptitude.
Proficiency with PC in business-related applications, specifically, Microsoft Outlook Email and Calendar, Word, and Excel.
Good oral and written communication skills.
Good time management, including punctuality and attendance.