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 $118,000.00 and $170,000.00. 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

The Repo Collateral Management - Vice President leads the firm’s collateral management function for repurchase agreements, driving strategic initiatives while ensuring regulatory compliance. The VP oversees the team managing daily collateral operations, risk controls, and technology enhancements, partnering closely with Trading, Risk, Treasury, and Legal to support the firm’s financing and liquidity objectives.

Role Objectives

Collateral Operations Oversight

• Oversee daily collateral margin calls, substitutions, and settlement for bilateral, tri-party and Sponsored Repo.
• Lead and help develop the Repo Collateral Management Team, setting goals, priorities and performance standards.
• Drive strategic initiatives to enhance collateral optimization, funding efficiency, and operational resilience.
• Collaborate with senior stakeholders across Treasury, Trading, Risk, Legal, and Technology to align collateral strategies with firm-wide objectives.
• Ensure robust controls and timely resolution of breaks, discrepancies, and settlement issues.
• Escalate discrepancies appropriately to the relevant internal and/or external parties.
• Assist in ad-hoc requests related to management and investigations of operational issues.
• Assist in monitoring process gaps and make recommendations on technological changes.
• Participation in projects & planning related to industry initiatives and operational efficiencies
• Experience managing cross-functional projects and driving change.
  
  

Risk Management & Regulatory Compliance

• Ensure collateral management practices comply with regulatory requirements (e.g., SFTR, Basel III/IV, SEC rules).
• Oversee risk relating to collateral concentration, haircuts, margin requirements, and counterparty exposure.
  
  

Role Objectives

Stakeholder Engagement & Communication

• Act as a liaison with external counterparties, custodians, clearing banks, and regulators.
• Communicate collateral risks and performance to senior management.
• Support new product launches and business initiatives requiring collateral expertise.
• Partner with Technology and Operations teams to enhance collateral management system capabilities.
  
  

Technical Expertise

• Deep knowledge of repo markets, collateral types, financing structures, and tri-party platforms.
• Extensive experience with collateral management systems, clearing platforms, and regulatory frameworks.
• Strong understanding of margining, haircuts, eligibility rules, and settlement processes.
  
  

Communication & Interpersonal Skills

• Excellent verbal and communication skills, capable of influencing senior stakeholders.
• Ability to manage complex relationships with internal and external partners.
• Comfortable working in a fast-paced, dynamic environment.
• Excellent analytical skills with an eye for detail and exceptional time management 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.
• Advanced working knowledge of Microsoft Excel
  
  

Qualifications And Skills

• 8 years in repo collateral management or related financing roles, with leadership experience.
• Bachelor’s degree: Finance, Economics, Business, or related field; advanced degree preferred.
• Experience in large financial institutions, investment banks, or asset managers.
• Global collateral management experience.
• Knowledge of securities lending and financing desks.
• Familiarity with emerging regulations and market trends affecting collateral management.
  
  

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.