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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 Japan, with AUM of more than $500 Billion USD. 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 Markets Unit (GMU), Americas Division which performs business functions. The Operations Risk Management Department (ORM) identifies and evaluates operational risks to which the New York Branch (the Branch) is inherently exposed as well as enables appropriate mitigating actions. Operations Risk Management (ORM) establishes and maintains appropriate policies, procedures and the operational risk management framework that incorporates Operational Risk Assessments, Key Risk Indicators (KRIs), and an oversight process through Operational Risk Management Meeting. ORM is directly involved in all operational risk related projects, matters and issues.
Position Overview:
ORM Associate is accountable for assisting the ORM department in the proactive identification, escalation, and timely mitigation of operational risks.
This role will provide broad exposure to all functions and business lines within the Americas Division, and the successful candidate will be expected to execute all aspects of the Operational Risk Management Framework through the oversight activities.
Duties and
Responsibilities:
The main responsibilities are as follows:
Assists in various Operational Risk related projects and initiatives, including the AD-wide Risk Culture Project.
Assists in the Vendor Risk Management activities.
Assists with review and re-design of the Event Risk and Control Self-Assessment (RCSA).
Prepares operational risk reports, schedules meetings, takes notes, prepares minutes, and maintains files for ORM department.
Provides analysis and coordination support for the ORM department.
Coordinates the Corrective Action Plan process.
Coordinates the Policy and Procedures tracking process.
Coordinates the New Product Approval process.
Coordinates and supports in conducting Operational Risk Assessment, Vendor Risk Assessment & Vendor Performance Review, Model Risk Assessment, and Event Risk and Control Self-Assessment.
Researches any regulatory changes or/and risk trends applicable to area(s) of coverage and creates Operational Risk Newsletter.
Creates presentations of key risk indicators to senior management.
Performs other duties and responsibilities as assigned by management.
Knowledge, Skills, and Abilities:
Bachelors Degree or equivalent.
Minimum of 1-2 years of prior operational risk experience with a financial institution or major consulting firm.
Integrative thinking skills, basic risk management knowledge, good organizational, communication and influencing skills.
Analytical and thorough approach to form defensible conclusions from risk assessments.
Able to present to and respond effectively to internal and external stakeholders.
Team-oriented with strong interpersonal skills, able to calmly manage conflict and pressure in a demanding, high-volume environment.
Able to be flexible and capable of prioritizing based on changing internal or external demands.
Good computer skills in Microsoft Office including Excel, Word, and PowerPoint.Estimated Salary: $20 to $28 per hour based on qualifications.
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 Japan, with AUM of more than $500 Billion USD. 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 Markets Unit (GMU), Americas Division which performs business functions. The Operations Risk Management Department (ORM) identifies and evaluates operational risks to which the New York Branch (the Branch) is inherently exposed as well as enables appropriate mitigating actions. Operations Risk Management (ORM) establishes and maintains appropriate policies, procedures and the operational risk management framework that incorporates Operational Risk Assessments, Key Risk Indicators (KRIs), and an oversight process through Operational Risk Management Meeting. ORM is directly involved in all operational risk related projects, matters and issues.
Position Overview:
ORM Associate is accountable for assisting the ORM department in the proactive identification, escalation, and timely mitigation of operational risks.
This role will provide broad exposure to all functions and business lines within the Americas Division, and the successful candidate will be expected to execute all aspects of the Operational Risk Management Framework through the oversight activities.
Duties and
Responsibilities:
The main responsibilities are as follows:
Assists in various Operational Risk related projects and initiatives, including the AD-wide Risk Culture Project.
Assists in the Vendor Risk Management activities.
Assists with review and re-design of the Event Risk and Control Self-Assessment (RCSA).
Prepares operational risk reports, schedules meetings, takes notes, prepares minutes, and maintains files for ORM department.
Provides analysis and coordination support for the ORM department.
Coordinates the Corrective Action Plan process.
Coordinates the Policy and Procedures tracking process.
Coordinates the New Product Approval process.
Coordinates and supports in conducting Operational Risk Assessment, Vendor Risk Assessment & Vendor Performance Review, Model Risk Assessment, and Event Risk and Control Self-Assessment.
Researches any regulatory changes or/and risk trends applicable to area(s) of coverage and creates Operational Risk Newsletter.
Creates presentations of key risk indicators to senior management.
Performs other duties and responsibilities as assigned by management.
Knowledge, Skills, and Abilities:
Bachelors Degree or equivalent.
Minimum of 1-2 years of prior operational risk experience with a financial institution or major consulting firm.
Integrative thinking skills, basic risk management knowledge, good organizational, communication and influencing skills.
Analytical and thorough approach to form defensible conclusions from risk assessments.
Able to present to and respond effectively to internal and external stakeholders.
Team-oriented with strong interpersonal skills, able to calmly manage conflict and pressure in a demanding, high-volume environment.
Able to be flexible and capable of prioritizing based on changing internal or external demands.
Good computer skills in Microsoft Office including Excel, Word, and PowerPoint.Estimated Salary: $20 to $28 per hour based on qualifications.
