Associate

Job Description

Job Description

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.

This position is for Officer level candidates.

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.

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.

Your Role Overview :

Fully knowledgeable on day-to-day activities, resolves complex issues where expertise is required to interpret policies, guidelines, and practice.

May be considered a subject matter expert for multiple functions or processes. Focus on operational execution and occasional broader planning within areas of expertise.

Your Duties and Responsibilities :

Assists Vice President and Assistant Vice Presidents of Loan Operations with coordinating and approving the daily activities in Loan Operations Department.

Helps monitor and anticipate the work volume, set priorities, and distribute work among subordinates. Ensure all work is processed on time and documented following the binding agreement(s) and Branch’s policies and procedures.

• Ensures data integrity of all systems and files in support of the operations conducted and that appropriate audit trail is established.
• Trains the subordinates and assess their work for accuracy and timeliness and makes recommendations to Department Manager on staffing-related issues.
• Helps coordinate workflow and information flow between Loan Operations and other departments in the Bank.
• Identifies and reports operational irregularities to Department Manager without delay and takes initiative in resolving exceptions.
• Assists Department Manager, Vice President and Assistant Vice Presidents of Loan Operations with establishing and implementing new workflow and / or procedures to improve Department’s performance.
• Assists Department Manager, Vice President and Assistant Vice Presidents of Loan Operations in updating various manuals in the Department.
• Assists Department Manager and Vice President in reviewing non-exempt staff's job performance.
• Performs other duties and responsibilities as assigned by management.

Your Qualifications :

• Bachelor’s degree in business, economics or accounting or its equivalent with 5+ years of related experience
• 3+ years of experience in loan operations in a bank. Bilateral / syndicated / agency loans experience is required. Loan IQ experience (version 6 or later) is highly preferred.
• Solid knowledge of accounting theory / bookkeeping and credit instruments.
• Good mathematical aptitude.
• Proficient in Microsoft Outlook Email, Calendar, Word, Excel, Access, Teams, and SharePoint.
• Good oral and written communication skills.
• Good organizational skills.
• Good time management, including punctuality and attendance. During the new hire training period, employees come to the office three days a week for in-person training.

Employees are required to come to the office for all other in-person training.

Ability to multitask. Flexibility and teamwork.

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