What are the responsibilities and job description for the Trade Processing position at Sumitomo Mitsui Banking Corporation – SMBC Group?
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 $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
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
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 $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
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Salary : $78,000 - $125,000
