Global Market Unit Summer Intern

MARKET MAKING TEAM Temporary VH TV New York, New York, NY, US

Salary Range: $30.00 To $30.00 Hourly

This role is located in New York City and required at least 2 days a week in the office.

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. Established under the AD are the “Global Banking Unit (“GBU”), Americas Division” and “Global Market Unit (“GMU”), Americas Division” which performs business functions.

The Global Market Unit (“GMU”) is seeking an intern to support activities relating to Market Making, Investment and Asset Liability Management (ALM). The internship is designated to give a candidate a glimpse of day-to-day banking and market related activities. Such activities include the processing of trades, cash flow management, position and PL reconciliation, and the preparation of periodic and on demand reports.

The Intern would support trade captures, trading activity reports, and learn risk calculations and compliance. Opportunity to join strategy meetings where investment decisions are determined. The Bank is seeking an eager, self-driven individual who wants to continuously learn and develop. Candidates should have a strong interest in finance and markets, demonstrate problem solving skills using logic and critical thinking, and thrive in a fast-paced environment using data to provide optimal results.

• Provide general support to the Market Making, Investment and ALM teams in their daily operations with the oversight of a senior trading assistant.
• Support the enhancement of GMU operational workflow to reduce operational burden and irregularities.
• Support the planning and execution of GMU tasks.
• Compile research, analysis and charts for weekly market strategy meeting.
• Build relationships with other departments such as FORMAT, Back Office, and Middle office to help support resolution of any trade related issues.
• Gather data and prepare for any necessary periodic and on-demand reports and documents.
• Abide by all Compliance related procedures.
• Assist in data maintenance and GMU-related administrative tasks.
• Perform other duties and responsibilities as assigned by management.

• Working towards a Bachelor’s degree or its equivalent in finance, economics, or related business program.
• Possesses an understanding of financial markets.
• Proficient in Microsoft Office with strong emphasis on Excel skills.
• Excellent verbal and written communication skills.
• Excellent problem-solving skills.
• Good business mathematical skills with the ability to calculate quickly.
• Strong analytical and organizational skills.
• Ability to work independently and as part of a team.

SuMi Trust embraces flexible ways of working when the business and role permits. We provide employees with a hybrid working model, allowing for in-office work and work from home. Our diverse and inclusive environment along with our global presence enables us to collaborate and communicate to meet our business needs. We believe that efficient teams need truth, loyalty, and a strong sense of purpose to balance risk and their targets.

We make sustainable…