Margin Operations Analyst

Job Level: Analyst

Job Function: Trade Operations

Location:

White Plains, NY, US, 10601

Employment Type: Full Time

Requisition ID: 5627

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

Complete day-to-day trade processes and activities related to collateral, ensuring that client's margin calculations and position reconciliations are performed and posted accurately. Process advances, collections and collateral updates. Monitor complex asset loans. Perform reviews of trade activity, bookings and associated risk factors.

Role Objectives

Reconcile daily listed derivatives margin movements to ensure all discrepancies are tracked and escalated to various internal teams for resolution.
Review daily funding requirements on our cleared, non-cleared, and listed derivative portfolios to ensure sufficient liquidity within CM's derivative business.
Optimize cash and securities collateral usage across cleared, non-cleared, and listed derivative portfolios to enable capital efficiency and lower funding costs.
Investigate breaks between subledger and general ledger to ensure completeness in all margin calls related bookings.
Assist in sourcing and preparing internal data for monthly regulatory reporting requirements.
Perform monthly investigative balance sheet substantiation and data attestation to ensure validity of CM's margin data.
Cross functional collaboration with key stakeholders across Operations, Technology, Legal, Treasury, Accounting, Audit, Sales and Trading teams.
Manage external relationships including clients, CCP’s, clearing brokers, custodians, etc.
Assist in ad-hoc requests related to management and investigations of operational issues.
Assist in monitoring process gaps and making recommendations on technological changes.

Qualifications and Skills

Bachelor's Degree, ideally in Mathematics, Finance, Economics, Business Administration or a related field.
Between 1-3 years of relevant experience in Banking & Financial Services industry, preferably in collateral management or other operations roles.
Basic understanding of derivative trade structure and trade flow management, specifically how it impacts daily valuations.
Excellent analytical skills, attention to detail and good time management skills.
Ability to analyze large complex data sets and make informed decisions.
Exceptional verbal and written communication skills.
Highly motivated individual who is enthusiastic and eager to learn and grow with the team.

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.