Back Office FX MM Associate
Sumitomo Mitsui Trust Bank Limited New York Branch
New York, NY0–2 yrs1h agovia LinkedIn
This job at a glance
- Who can apply
- New grads and up to 2 years · Bachelor's degree
- Must know
- AuditingExcelMicrosoft Office
- Nice to have
- AccountingPythonRSQL
- Work
- On-site in New York
- Pay
- Not stated by the employer.
- Skill demand
- Accounting55%Excel51%Microsoft Office31%Auditing29%of 98 similar entry-level jobs posted in the US this week
- Listed
- Nov 10, 2026 · still open
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About the Role
This position will be responsible to perform daily settlement, operation, and administration processes for FX & MM products and RMB clearing settlement.
Key Responsibilities
Daily Settlements (60%)
- Complete intraday/end of day processes for FX, MM, IRS, CCS, CP, and RMB clearing settlement.
- Perform Corporate MM CBD funds and FI Time Deposit settlements.
- Complete confirmation matching by performing post-trade matching processes via vendor applications.
- Perform daily end-of-day reconciliation processes to ensure complete and accurate operation.
- Monitor settlement of all trades to ensure timely resolution of any failing transactions by working with Front Business Lines and counterparties.
- Perform timely and accurate GL accounting entry postings in the core Treasury banking system.
- Perform new product testing and support, including drafting UAT testing and working with the technical team for issue resolution.
- Report and escalate settlement issues to Supervisors.
- Assist the team on projects for implementing systems and/or process changes to support increased efficiency in process controls.
- Restore business document files in accordance with retention policy.
Risk Management/ Compliance/Internal Audit (40%)
- Understand and comply with Bank’s procedures, policies, standards, and regulatory requirements.
- Prepare monthly, quarterly, and semi-annual risk assessment reporting to the Second Line of Defense.
- Update procedures to reflect current workflow processes and gaps in control processes.
- Prepare monthly and quarterly reports to Head Office.
- Prepare documents and responses requested by internal and/or external parties and auditors.
- Respond to Internal Audit Department’s requests.
- Assist to remediate any audit issue findings.
Requirements & Tech Stack
- Microsoft Office, Advanced Excel Skill required.
- Programming Skills: R, Python, SQL knowledge is a plus.
Qualifications
- Bachelor’s degree required; Accounting or Finance preferred.
- Knowledge or experience in back-office settlement preferred.
- Knowledge of treasury and financial products characteristics as well as back-office settlement workflow preferred.