Liquidity Managing Trader

SUMITOMO MITSUI TRUST BANK, LIMITED•New York, NY

1d•Hybrid

About The Position

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 Treasury Team (“MTR”) focuses on Funding Activities and Security and Forex Investments. The Treasury Team is divided into the ALM and Investment Accounts. YOUR ROLE OVERVIEW: Responsible for sound daily execution and operation for Treasury Team within interest rate products and foreign exchange. Develops and executes department business plans. Works on projects to improve efficiencies.

Requirements

Bachelor’s degree or its equivalent in business, finance, economics or law.
1-3 years of experience as a funding / money trading assistant or in bank operations preferred.
Good business mathematical skills.
Proficient in Microsoft 365 (Excel, PowerPoint, Word, Outlook, and Access).
Excellent oral and written communications skills.
Ability to work in a team environment.

Responsibilities

Assists traders in managing liquidity and interest rate exposures related to the ALM operation including money market trading related to CD / CP issuances and interbank, FX/cross currency& interest rate swap transaction, customer deposits for funding purposes and existing counterparty relationship management within the allocated authorities under the supervision of the Head of Treasury Team and/or Assistant Managers.
To assist trading officers or senior managers to cooperate with other departments, to research and resolve any problems that may arise with trading.
Supports the development and enhancement of the liquidity, funding and pricing framework to enhance it according to banking business needs, regulatory requirements and industry standards under the supervision of the Head of Treasury Team and/or Assistant Managers.
Supports New York Branch’s commercial banking business including loans / investments / deposits through fair and stable pricing and proper operations.
Assists new funding source development in the areas of new counterparty and new products, directly dealing with external liaisons representing the bank.
Prepares periodic and on-demand reports and documents to the Senior Management and Head Office.
Abides by all Compliance related procedures.
Performs other duties and responsibilities as assigned by management.