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 Rail Services LLC, Manufacturers Bank, 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 $76,000.00and $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

• 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.
• Team player ability with good analytical skills and attention to detail; time management skills and ability to multi-task in a fast-paced environment.

Additional Requirements

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

Last updated : 2024-05-02