What are the responsibilities and job description for the Cash Operations position at Sumitomo Mitsui Banking Corporation?
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
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 an Associate level candidate to provide operational support to the Fixed Income Securities business. The role reports to the Head of Cash Operations.
Role Objectives
- Daily monitoring of cash inflows and outflows of all cash and clearing accounts
- Identify and follow up on reconciling cash differences.
- Record cash receipts and expense disbursements.
- Allocating costs and charges.
- Execute wire disbursements for daily funding and margin requirements.
- Process cash related events, such as FX payments, coupon claims, TMPG fail charges and Treasury pair-offs.
- Prepare fee invoices.
- Assist with internal and external auditors’ requests.
- Assist in ad hoc projects and requests.
Core Competencies/Skills
- Excellent verbal and written communication skills with ability to articulate concepts and ideas to diverse audiences
- Strong organizational skills
- High level customer service mindset with a commitment to supporting key stakeholders
- Ability to work under pressure and deliver results within tight timelines
- Adept at working and effectively collaborating with clients, operations, and technology teams.
- Ability to multitask and deliver high quality results in a fast-paced environment
Qualifications and Skills
- 3 years of experience in the industry (preferably in comparable role)
- Bachelor degree
- Functional knowledge and understanding of money transfer processes strongly preferred
- Operational knowledge of CHIPS, SWIFT, and Fedwire networks strongly preferred.
- Familiarity with CP Issuance is preferable
- Proficiency in Microsoft Office applications
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 : $78,000 - $125,000
