Temporary Compliance Analyst

Compliance Analyst

This role is located in New York City and will require a hybrid work schedule of at least two days in office per week. This role is for Non-Officer level candidates.

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. The Regulatory Compliance Department ("RCD") provides support to the SMTBNY for regulatory compliance related advice, monitoring, self-testing, and reporting in order to reduce regulatory compliance risk of SMTBNY.

Your Role Overview

The Compliance Analyst is responsible for identifying and developing criteria and commentary on critical compliance issues across the Bank. Prepares and delivers Bank-wide and targeted training. Drafts new and existing policies and procedures to ensure that the Bank meets the requirement of various legal and regulatory agencies. Responsible for Know Your Customer due diligence, monitoring employee accounts, and Anti Money Laundering activities. Ensures ongoing improvement and evolution of governance programs and identifies risks and/or gaps in the system.

Your Duties and Responsibilities:

1. Assists in clearing Prime System generated BSA related Transaction Monitoring alerts and documents rationales.
2. Performs various watch list related verifications and record-keeping (OFAC/ FinCEN 314a/Japan List).
3. Assists in performing BSA compliance Tests as well as Corporate Compliance Tests
4. Assists in performing Customer/Account Profile reviews via Surety software.
5. Reconciles Employee Personal Trading Monitoring Program related documents.
6. Updates various compliance related logs and keeps track of compliance related documents.
7. Assists in preparing compliance testing work papers for all the tests performed/assigned.
8. Assist in taking minutes of any compliance related committees.
9. Assists with preparation of Fed/State pre-planning and introduction letter/first day letter materials.
10. Prepares weekly regulatory updates of upcoming regulatory changes for distribution to relevant managers.
11. Prepares various monthly reports.
12. Assists with the Annual Risk Assessment of BSA and Corporate Compliance.
13. Performs and assists with other duties and responsibilities as assigned by management.

Your Qualifications:

1. Bachelor's Degree or equivalent with at least two to three years of related experience in the AML KYC Space or Transaction Monitoring alert clearance space.
2. Excellent organizational and communication skills (writing and interpersonal).
3. Proficient in Excel, Access.
4. Detail oriented.
5. Strong basic math skills required.
6. Good interpersonal skills and ability to work independently.

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.