Senior Associate

SUMITOMO MITSUI TRUST BANK, LIMITED•New York, NY

6h•Hybrid

About The Position

This role is for Assistant Vice President level candidates. 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. Acting as back office to the Branch’s Global Banking Unit, Loan Operations Department (“LOP”) is responsible for performing operational and administrative duties for booking and maintaining a wide range of credit-based products upon closing and throughout the life of transactions. The Department also provides certain check and balance points. The Senior Associate will be fully knowledgeable on the day-to-day activities, resolves complex issues where expertise is required to interpret policies, guidelines, and practice. May be considered a subject matter expert for one or more functions or processes. Focus on operational execution and occasional broader planning within areas of expertise. May have direct report subordinate staff.

Requirements

Bachelor's degree or equivalent in business, economics, accounting or its equivalent with 5+ years of related experience.
5+ years of experience in loan operations in a bank. Bilateral / syndicated / agency loans experience is required.
5+ years of experience using Loan IQ (version 6 or later), or experience with a Loan IQ implementation workgroup or implementation plan is required.
3+ years of supervisory experience.
Solid knowledge of accounting theory/bookkeeping and credit instruments.
Good mathematical aptitude.
Proficient in Microsoft Outlook Email and Calendar, Word, Excel, Access, Teams, and SharePoint
Good oral and written communication skills.
Good organizational skills.
Good time management, including punctuality and attendance.
Ability to multitask. Flexibility and teamwork.
Can read through and interpret credit agreements.

Responsibilities

Assists with coordinating and approving the daily activities in Loan Operations Department. Helps monitor and anticipate the work volume, set priorities and distribute work among subordinates. Ensure that all work is processed and documented in compliance with the binding agreement(s) and Branch’s policies and procedures
Ensures data integrity of all systems and files in support of the operations conducted and that appropriate audit trail is established.
Trains the subordinates and assess their work for accuracy and timeliness and makes recommendations to Department Manager on staffing-related issues.
Helps coordinate workflow and information flow between Loan Operations and other departments in the Bank.
Identifies and reports operational irregularities to Department Manager without delay and takes initiative in resolving exceptions.
Assists Department Manager of Loan Operations with establishing and implementing new workflow and/or procedures to improve Department’s performance.
Assists Department Manager and Assistant Manager of Loan Operations in updating various manuals in the Department.
Assists Department Manager and Assistant Manager in reviewing non-exempt staff's job performance.
Participates in the Loan IQ Project implementation. Also assist in revisiting processes and workflows, creating and testing scenarios, providing training, updating manuals, etc.
Performs other duties and responsibilities as assigned by management.