Temporary Compliance Analyst

SUMITOMO MITSUI TRUST BANK, LIMITED•New York, NY

5d•$60,000 - $70,000•Hybrid

About The Position

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. 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.

Requirements

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

Responsibilities

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