What are the responsibilities and job description for the Trade Processing position at SMBC Group?
The anticipated salary range for this role is between $78,000.00 and $125,000.00. 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
Monitor and process post-trade instructions, ensuring timely settlement of trades executed by trading desk and clients. Track and resolve cash and security reconciliation breaks, and liaise with trade support to remediate any issues. Ensure that all standard settlement instructions have been validated before release. Ensure that instructions are released to market, and manage settlement risk and exposure.
Role Objectives : Delivery
Monitor and process post-trade instructions, ensuring timely settlement of trades executed by trading desk and clients. Track and resolve cash / security reconciliation breaks and liaise with trade support to remediate any issues. Ensure that all standard settlement instructions (SSIs) have been validated before release. Ensure that instructions are released to market; manage settlement risk and exposure and relay status of trades to clients. Liaise with counterparties regarding unmatched trade instructions, escalating any booking / other issues as required. Support the business to process requests quickly and efficiently. Provide operational coverage across trade support 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
Partner closely with business units and infrastructure teams to enhance client service levels and support the growth of the business. Act as a liaison between internal operations team and external counterparties and custodians. Serve as an operations lead for business and change projects. Supervise junior members of the settlements team in order to monitor operational activities and minimize risk in the process. Provide and participate in cross-training opportunities to ensure full product knowledge coverage.
Role Objectives : Expertise
Demonstrate advance knowledge of cash management (disbursement, liquidity management) and trade settlement processes for different products and markets. Demonstrate advance knowledge of equity / fixed income products and settlement market rules.
Qualifications and Skills
Recommended years of experience : 3
Salary : $78,000 - $125,000
