Data Analyst - Global Markets Client Lifecycle Administration

Job Level: Analyst

Job Function: Trade Operations

Location:

Charlotte, NC, US, 28202

Employment Type: Full Time

Requisition ID: 6660

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 $51,000.00 and $71,000.00. 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

SMBC Capital Markets, Inc. (CM) is a derivatives trading firm based in New York City, with offices in Charlotte, NC, London and Hong Kong. SMBC CM is an established derivatives dealer with a broad product portfolio focused on interest rates and foreign exchange products such as rates & FX swaps, options & exotics as well as exchange traded products. SMBC Nikko Securities America, Inc. is an SEC-registered, FRB-NY approved Primary Dealer and member of the Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB) trading securities and securities financing transactions (repurchase agreements, etc.). These entities provide coordinated services to our corporate and institutional clients as part of the SMBC Global Markets business unit.

The Global Markets (GM) Client Lifecycle Administration is under the Client Lifecycle Department, within the Chief Operating Office for the SMBC Global Markets Front Office. The team manages processes supporting various Front Office staff, the Credit Department and the Legal Department. Specifically managing trading limit validation, Front Office limit system processing, trade verifications, legal agreement verifications and other related processes.

This role will support those functions but will also be responsible for embarking on a new process migrating to the GM Client Lifecycle Administration group from the Legal Department. This process will focus on agreement terms entry and verification, upload of agreements to SharePoint, reporting, and related administrative activities. The role will involve addressing audit requests, creating clear controls, system implementation/testing and handling regular business stakeholder inquires. The individual will need to have strong communication skills, ability to write procedures, ability to work in a fast-paced working environment and adaptability to change as the process is refined.

Role Objectives: Delivery

Update legal terms from trading agreements into Front-Line trading system.
Perform agreement validation checks.
Upload agreement documentation in the SharePoint Site.
Report on pending agreement terms and netting verification.
Identify, test and implement Front-Line system changes for process efficiencies and bugs.
Review cross booking transaction and terms & condition checks on existing and new credit terms.
Update various systems with limit/counterparty credit details.
Perform trade verifications checks against limit terms.
Support development of sustainable and transparent controls.
Create and update desk procedures.

Qualifications and Skills

BA/BS required with concentration in finance or business.
1-3 years of relevant banking and/or agreement work experience.
Understanding of derivatives and securities financing transaction product risks.
Excellent verbal and written communication skills.
Ability to operate independently in a fast-paced environment and critically review existing processes to strengthen governance and controls.
Strong analytical skills with attention to detail.
Proficient in Excel, Word and PowerPoint

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.