CSA Margin Control - Analyst

Job Level: Analyst

Job Function: Trade Operations

Location:

White Plains, NY, US, 10601

Employment Type: Full Time

Requisition ID: 5967

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 $65,000.00 and $80,000.00. 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

As a part of the global Credit Support Annex (CSA) operations and Collateral Management team, the Analyst role will provide accurate and efficient processing of daily margin calls and collateral payments. The role will work closely with the Head Office Tokyo Inter-Market Settlement teams and will be responsible for providing status updates. Preparation of reports, managing confirmations, and proper filing of the Department's documentation are essential tasks for this position. Additional responsibilites include the monitoring and accruate balancing of Head Office Tokyo's nostro accounts. This entails the daily review of debits and credits, calculating funding requirements, and executing the fund transfers.

Role Objectives

Provide support to the team in the completion of the day-to-day variation and initial margin call processes.
Contact counterparties to resolve any discrepancies, confirmations, or general inquiries.
Prepare data for reporting to Head Office Tokyo, regulatory reporting, and funding reports.
Assist in the management of the USD collateral - reviewing payments, compiling confirmations, preparing reconciliations, and reporting to relevant departments.
Monitor the balances of Head Office's nostro accounts, calculate debits and credits, and execute funding transfers.
Support Department projects and Bank initiatives through collaboration with the collateral teams in New York and Tokyo, as well as across other departments within the Bank.
Support audit reviews and adhoc requests; provide information through proper channels.

Qualifications and Skills

Bachelor's Degree or relevant work experience
Knowledge of ISDA documentation and/or OTC derivative regulatory requirements preferrable
Proficient in Word, Excel, and PowerPoint
Strong organizational and multitasking skills
Exceptional attention to details, demonstrating thorough and analytical skill sets
Self motivated to learn and understand existing and new processes
Ability to prioritize deadlines and demonstrate good time management skills
Team player with excellent verbal and written communications skills and ability to collaborate effectively with different group

Additional Requirements

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.