Junior Compliance Analyst/ Administrative Assistant

Sumitomo Mitsui Trust Bank Limited New York Branch; New York (NY); Hybrid; USD 75,000 - 85,000; Full time

Benefits offered by this job

Paid Time Off

401(k)

Tuition assistance

Health insurance

Job summary

A leading financial institution is seeking a Junior Compliance Analyst / Administrative Assistant in New York City. This entry-level role involves supporting compliance and operational risk management, maintaining important documents, and assisting with KYC and FATCA procedures. The ideal candidate has a Bachelor's degree, strong communication skills, and is proficient in Microsoft 365. A hybrid work schedule is offered, requiring at least 2 days in the office per week.

Qualifications

• Prior work experience in a financial institution preferred.
• Ability to process information accurately.

Responsibilities

• Assists in tasks concerning compliance and operational risk management.
• Manages important documents and contract renewals.
• Prepares reports on a daily, weekly, and monthly basis.

Skills

Strong communication skills

Proficient in Microsoft 365

Attention to detail

Teamwork

Education

Bachelor’s degree or equivalent

Job description

Junior Compliance Analyst / Administrative Assistant

Join to apply for the Junior Compliance Analyst / Administrative Assistant role at Sumitomo Mitsui Trust Bank Limited New York Branch

Pay Range

Base pay range: $75,000.00/yr - $85,000.00/yr

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

This role is for Assistant Officer level candidates.

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, regulatory issues and operational risks within the GMU.

Your Role Overview

Assists in tasks concerning compliance and operational risk management; assists in account onboarding and maintenance; maintains approvals, legal documentations, and other documents for GMU; and processes various administrative tasks.

Your Duties and Responsibilities

• Management of Important Documents, contract renewal and maturity date tracking of GMU’s contracts.
• Assists in maintaining trading systems accesses and permissions.
• Reviews and processes invoices / subscriptions and prepares budget forecast for management.
• Assists setting up and organizes internal meetings for GMU.
• Performs administrative tasks such as updating and filing documents, applications, procedures and policies, and the New Product Due Diligence process.
• Prepares reports on a daily, weekly, and monthly basis.
• Assists with account maintenance and compliance updates.
• Assists with KYC matters of bank’s clients and counterparties
• Assists with and performs FATCA tax due diligence for bank’s clients and counterparties
• Abides by all compliance related policies and procedures.
• Performs other duties and responsibilities as assigned by management.

Your Qualifications

• Bachelor’s degree or equivalent.
• Proficient in Microsoft 365 (Excel, Word, and Outlook).
• Prior work experience in a financial institution preferred.
• Strong communication skills and interpersonal skills.
• Ability to process information (both numbers and descriptive) accurately. Highly attentive to detail.
• Ability to work with team setting.

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 through their creativity and passion.

Employee Benefits

• 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.

Equal Employment 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.

Seniority Level

Entry level

Employment Type

Full-time

Job Function

Administrative

Industry

Banking

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