Compliance / Regulations Analyst

This role is located in New York City and will require a hybrid work schedule of at least 2 days in office per week.

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 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.

Your Role Overview:

FORMAT Analyst

Primarily responsible for monitoring regulations. Works with risk owners to ensure that GMU complies with all required regulations. Performs tasks concerning credit line management, BSA/AML, corporate and FATCA compliance matters, and regulatory matters. Prepares Customer / Account Profiles (existing and new accounts), performs account maintenance and assists traders with necessary risk management and infrastructure management. Liaison with Head Office. Assists with administrative tasks.

Volcker Rule Responsible Officer (Secondary)

Helps to ensure compliance with all applicable Volcker Rule requirements by GMU.

Your Duties and Responsibilities:

FORMAT Analyst

1. Primarily responsible for monitoring regulations. Works with risk owners to ensure that GMU complies with all required regulations. Assists with creating regulatory compliance frameworks for GMU.
2. Responsible for legal documentation, procedure manuals updates, FRB / NYSDFS examinations, compliance testing, and audits as needed.
3. Ensures BSA/AML compliance. Performs KYC process and conducts account opening, monitoring and closing processes for GMU customers/ counterparties.
4. Performs transactions / counterparties review and prepares monthly reports. Monitor credit line compliance.
5. Performs operational risk management, as well as development and improvement of internal controls.
6. May liaise with Head Office.
7. Performs other duties and responsibilities as assigned by management.

Volcker Rule Responsible Officer (Secondary)

1. Act as the secondary Volcker Rule Responsible Officer for GMU.
2. Responsible for (i) ensuring that all trading desks’ 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 GMU; and (iii) ensuring that the Market Making Desk, ALM Desk and Investment Desk Policies and Procedures remain in compliance with the applicable requirements of the Volcker Rule.
3. Performs other duties and responsibilities as assigned by General Counsel, New York Branch.

Your Qualifications:

1. Bachelor’s degree or equivalent, in finance, economics, data processing and programming with 5 years of related experience
2. Advanced in Microsoft 365 (Excel, Word, and Outlook).. Good knowledge of Visual Basic Application, Access, and Power Point preferred.
3. Knowledge of FX, Derivatives, and other capital market products and services, preferred.
4. Knowledge of ISDA and CSA, preferred.
5. Prior work experience in a financial institution, preferred.

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 process, please let us know when the Human Resources staff reaches out to you for an interview.

The anticipated salary range for this role is listed above. The specific salary offered to an employment applicant is based on the individual’s qualifications, experiences, the job responsibilities, an analysis of the current compensation paid for similar roles in the local geographic area, and key distinctions of the job as compared to current jobs in the Branch. The role may also be eligible for an annual discretionary bonus.

Sumitomo Mitsui Trust Bank, Limited New York Branch is a branch of Sumitomo Mitsui Trust Holding Group. Learn more about the company, the values, and vision at https://www.smth.jp/english/about_us/philosophy