The anticipated salary range for this role is between $76,000.00 and $120,000.00. 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 Settlements Specialist (Associate) will be immersed in a fast-paced environment supporting daily settlements processes for Capital Markets derivative trading business as well as provide support for the derivative business conducted by group companies in New York, London and Hong Kong.

Covered products : FX, OTC Derivatives, Cleared Derivatives, Margin, and USD and CAD Treasury. The role will report to a VP of Derivative Settlements

The Derivative Operations Group handles operations for Capital Markets and is comprised of 5 key functions : Sales Middle Office, Confirmations, Settlements, Margin and Client Service Ops.

Settlements actively manages pre and post settlement processes while actively monitoring daily risks. The function is focused on remaining current with industry standards and regulations.

The team continues to evolve in its risk mitigation framework and technology agenda.

This position will primarily be located in our White Plains, NY office.

Role Objectives

• Management of static data related to payment instructions and client contacts.
• Pre-settlement payment affirmation
• Preparation of metrics and other reports to create transparency.
• Projects related to enhancing current processes and controls, including planning and implementation.
• Mitigation of operational risk and timely escalation of issues.
• Investigations of failed settlements
• Cross training with various teams within Settlements

Qualifications and Skills

• Bachelor’s Degree or equivalent preferably in Accounting, Finance, Economics, or Mathematics.
• 5-10 years of relevant Settlements experience required.
• Settlements investigations and Swift experience a plus.

Last updated : 2024-05-03