Trade Processing

Role Description

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.

SMBC Nikko Securities America, Inc. is a member of the Sumitomo Mitsui Financial Group (SMFG), one of the world's largest global financial institutions. Based in New York City, we are an SEC registered Broker dealer that provides financial products and services to global institutional clients, focusing on North America and Latin America.

The Securities Operations Group within SMBC Nikko Securities America, Inc. is seeking a Vice President level candidate to provide operational support to the foreign and domestic equity business. The role reports to the Head of Middle Office.

The primary office location for this position can be either in Jersey City, NJ or in White Plains, NY.

Role Objectives

• Full post execution support for all equity trading activity; products include:
  • US and Japanese Primary Offerings (domestic and global) and Secondary Trading
  • Convertible Bonds (both Primary and Secondary)
  • Foreign Currency Forwards
  • ADR
• Allocations are completed timely on trade date
• Ensure client accounts are set up in each relevant system
• Work with Tokyo Office to facilitate their market making needs (will require partial coverage on US Holidays)
• Proactive management and timely escalation of emerging risks/issues to relevant stakeholders and senior management
• Preparation of departmental metrics and reports as required
• Proactive mitigation of risk by reviewing and strengthening procedures and identifying opportunities for process enhancement
• Assistance with internal and external reviews focusing on operational processes
• Collaboration with relevant stakeholders (including but not limited to Front Office, Technology, Compliance and Risk) to deliver against targeted business strategies and initiatives
• Assistance with projects/initiatives related to enhancing current processes and controls, including planning and implementation
• Ad-hoc requests and other duties as assigned

Core Competencies

• Excellent verbal and written communication skills with ability to articulate concepts and ideas to diverse audiences
• Strong organizational skills
• High Level of Customer service mindset with a commitment to supporting key stakeholders
• Ability to work under pressure and deliver results within tight timelines
• Ability to identify and assess problems, determine the root cause and propose recommendations and/or solutions
• Ability to utilize independent judgement and decision making to handle departmental issues within assigned authority
• Track record of delivering process efficiency gains
• Project management experience and/or related qualification

Qualifications and Skills

• 7 years of experience in Financial Services
• 3 years of experience working in a trade support capacity
• BA/BS preferably in Accounting, Finance or Economics
• MBA is a plus
• Proficiency in Bloomberg TOMS, Pershing Netx360, or Broadridge IMPACT and ULLINK
• Proficiency in Microsoft Office applications

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.