Compliance / Regulations Analyst

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 the largest asset manager in Asia and number one among Japanese financial institutions by AUM, with $1,142 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.

Position 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.

Duties and Responsibilities:

FORMAT Analyst

1. Primarily responsible for monitoring regulations. Works with risk owners to ensure that GMU complies with all required regulations. May be responsible for creating regulatory frameworks for GMU.
2. Prepares Customer / Account Profile for all GMU existing Customers and uploads on Surety system.
3. Conducts account opening process for adding proposed GMU Customers.
4. Performs transactions / counterparties review and prepares monthly reports.
5. Reviews user permissions on the trading system.
6. Ensures BSA/AML, corporate and FATCA compliance..
7. Performs operational risk management, manages various project teams as assigned, as well as development and improvement of internal controls.

Assists with legal documentation,procedure manuals updates, FRB / NYSDFS examinations, compliance testing, and audits as needed.

1. Ensures proper credit line and counterparty management.
2. May liaise with Head Office.
3. 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, Americas/Senior Executive Vice President.

Knowledge, Skills, and Abilities:

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 market products and services, preferred.
4. Knowledge of ISDA and CSA, preferred.
5. Prior work experience in a financial institution, preferred.