Associate, Repo Collateral Management

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 Objectives

Daily Collateral Management Operations

• Support the repo desk by managing triparty collateral exposures, substitutions, and settlements.
• Ensure secure receipt, storage, and tracking of pledged or acquired collateral.
• Independently review and validate both cash and non-cash transactions for accuracy and compliance with agreements.
• Post and reconcile collateral transactions in the respective systems to maintain accurate exposure and obligation records.
• Ensure adherence to GMRA/MRA and Repo collateralized documentation, internal policies, and regulatory requirements related to repo collateral.
• Resolve escalated or complex collateral discrepancies and ensure issues are addressed promptly.
• Manage communication with internal teams (trading, risk, legal, operations) and external parties (counterparties, custodians, triparty agents).
• Approve or generate system-driven reports, queries, and deliverables related to collateral positions and exposures.
  
  

Technical Skills

• Strong understanding of repo markets, collateral types, and margining practices.
• Familiarity with securities financing concepts.
• Proficiency in Microsoft Excel.
• Experience managing relationships with internal and external partners.
• Experience with collateral management or servicing systems.
• Support product enhancements and process improvements for repo and tri-party collateral workflows.
  
  

Soft Skills

• High attention to detail and ability to operate with minimal errors.
• Strong problem-solving skills for resolving cross-functional issues.
• Effective communication with internal and external stakeholders.
  
  

Qualifications And Skills

• Bachelor’s degree: Finance, Economics, Business, Accounting, or related field preferred.
• 2 years experience in collateral management, repo operations, middle office, or trade support required.
• Accurate and efficient collateral processing
• Adherence to operational and counterparty risk
• Strong support for the repo trading desk
• Compliance with regulatory and contractual obligations
  
  

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.