What are the responsibilities and job description for the Data Administrator position at SMBC?
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 $45.00 and $65.00. 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
Managing the issuance and booking of daily margin calls for bilateral and cleared derivatives.
Facilitating margin call disputes, reconciliation, and resolution.
Reconcile cleared & non-cleared derivatives trading portfolio according to the Dodd-Frank & EMIR Regulatory Requirements of Portfolio Reconciliation and ensure portfolio completeness and all breach of thresholds are escalated and explained.
Review and track daily portfolio differences across for MTM, Material & Economic Terms, and SIMM reconciliations.
Escalate discrepancies appropriately to the relevant internal or external parties.
Assist in ad-hoc requests related to management and investigations of operational issues.
Assist in monitor process gaps and make recommendations on technological changes.
Participation in projects & planning related to industry initiatives and operational efficiencies
Qualifications and Skills
Bachelor's Degree, ideally in Mathematics, Finance, Economics, Business, or related area.
Between 3-5 years of relevant experience in Banking & Financial Services, preferably in collateral management or other operations role(s).
Understanding of derivative trade structure and trade flow management, specifically how it impacts daily valuations.
Excellent analytical skills with an eye for detail and good time management skills.
Exceptional verbal and written communication skills.
Adept at working and effectively collaborating with clients, operations, and technology teams.
Strong problem-solving skills to deal with complexity and respond quickly to uncertainty.
Preferred :
Experience working with TriResolve, Acadiasoft Marginsphere, IMEM
Working knowledge of collateral management, margin call processing, and regulatory requirements in non-cleared margining rules for initial margin and variation margin
Knowledge of collateral optimization.
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.
Salary : $45 - $65
