Job Information
SMBC CLO Trade Support in New York, New York
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $186,000.00 and $215,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Provide operational support for daily trading activities, acting as a main contact point to the trading desks and working closely with internal partners to resolve any trade disputes and breaks. Perform trade support services, including daily trade capture, trade validation and reporting. Proactively mitigate risk by reviewing and improving procedures and processes and maintaining the control environment.
Role Objectives: Delivery
Provide operational support for daily trading activities, acting as a main contact point to the trading desks and working closely with internal partners to resolve any trade disputes and breaks. Perform trade support services across supported products, including daily trade capture, trade validation and reporting. Monitor cash and trading position reconciliations and settlements from trades, dividends and corporate actions. Support P&L validation process; monitor and investigate discrepancies in trade activity data, and prepare position reports and portfolio analytics. Maintain security / client static data and perform end of day (EOD) market pricing and risk measures. Produce metrics reporting and analytics, mark interest rate curves and monitor margins. Ensure timely response and resolution of queries, escalating issues as required. Provide operational coverage across trade operations teams, ensuring compliance with SLAs, internal controls, regulations, policies and procedures. Proactively mitigate risk by reviewing and improving procedures and processes and maintaining the control environment.
Role Objectives: Interpersonal
Demonstrate an understanding of the trading business(es) supported, and work to increase service levels by sharing knowledge across operations teams. Act as a central liaison between front office, P&L team, counterparty and other internal stakeholders to ensure seamless interaction on matters related to trade lifecycle. Strong communication and presentation skills. Demonstrate ability to convey detailed information clearly, write correspondence and reports. Effectively communicate any issues, escalating to senior team members and / or other support functions as necessary.
Role Objectives: Expertise
Experience of central electronic clearing/execution platforms. In-depth knowledge of securities & Foreign Exchange processing, transfer and settlement. Has a continuous focus on process improvement/process engineering.
Qualifications and Skills
Recommended years of experience: 10
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.