Associate, Collateral and Margin Management

Sumitomo Mitsui Financial Group, Inc. • $78K — $125K *
White Plains, NY 10605In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Mathematics, Finance, Economics, Business, or related field
  • 3-5 years of experience in Banking & Financial Services, particularly in Collateral Management or Derivatives Operations
  • Understanding of derivative trade structures and trade flow management
  • Familiarity with Credit Support Annex agreements and ISDA conventions
  • Ability to identify automation opportunities
  • Strong analytical, verbal, written communication, and organizational skills
  • Familiarity with regulatory requirements including CFTC and EMIR

Responsibilities

  • Manage daily margin call issuance and booking for bilateral derivatives
  • Facilitate and resolve margin call disputes and reconciliations
  • Ensure compliance with Dodd-Frank and EMIR for non-cleared derivatives trading
  • Review and track daily portfolio differences related to MTM and SIMM exposures
  • Escalate discrepancies to the relevant parties
  • Assist with ad-hoc operational investigations and management
  • Monitor process gaps and propose technological improvements
  • Participate in industry initiatives and projects for operational efficiencies

Benefits

  • Hybrid work model providing flexibility between home and office
  • Opportunities for professional development through participation in industry initiatives and projects
  • Collaboration with a diverse range of teams including clients, operations, and technology
Full Job Description


Role Description

  • Managing the issuance and booking of daily margin calls for bilateral derivatives
  • Facilitating margin call disputes, reconciliations, and resolution
  • Reconcile non-cleared derivatives trading according to Dodd-Frank and EMIR Regulatory Requirements of Portfolio Reconciliation and ensure portfolio completeness and all breach of thresholds are managed and escalated appropriately
  • Review and track daily portfolio differences related to MTM and SIMM exposures
  • Escalate discrepancies appropriately to the relevant internal 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


Qualifications and Skills

  • Bachelor's Degree, ideally in Mathematics, Finance, Economics, Business, or related area
  • 3-5 years of relevant experience in Banking & Financial Services, preferably in Collateral Management, Liquidity Management, or other Derivatives Operations role(s)
  • Understanding of the derivative trade structure and trade flow management, specifically how it impacts daily valuations
  • Understanding of Credit Support Annex agreements, ISDA conventions, and the various internal and external rules and regulations affecting the industry and the department (CFTC and EMIR)
  • Ability to identify inefficiencies and opportunities for automation
  • Excellent analytical skills with an eye for detail and good time management skills
  • Exceptional verbal and written communication 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
  • Strong organizational and multitasking skills, attention to detail, and ability to work independently


Additional Requirements

  • Experience working with TriResolve, Acadiasoft, IMEM
  • Working knowledge of collateral management, margin call processing, and regulatory requirements in non-cleared margining rules for initial margin and variations margin
  • Knowledge of collateral optimization

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.

About Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial Group, Inc. Careers

There has never been a more opportune time to join the dynamic team at Sumitomo Mitsui Financial Group, Inc. (SMFG)—a leading force in the financial services industry recognized for its leadership in innovation and diversity.

Explore Job Opportunities

Sumitomo Mitsui Financial Group, Inc. offers a plethora of job opportunities that cater to a variety of skills and interests. The company is renowned for its commitment to professional growth and leadership development, making it an ideal environment for ambitious individuals looking to advance their careers.

Experience Professional Growth

At SMFG, career advancement is not just a possibility but a priority. The company supports its team members with extensive training programs, including leadership development and diversity training, ensuring that every employee has the tools and knowledge necessary to succeed.

Join a Diverse and Inclusive Team

Diversity and inclusion are at the core of the company culture at Sumitomo Mitsui Financial Group, Inc. With a global team that values unique perspectives and fosters a collaborative and inclusive environment, SMFG is a place where everyone can thrive.

Internship Programs

For those starting their career journey, SMFG offers internship programs that provide a robust foundation in the financial sector. Interns gain invaluable experience, working alongside seasoned professionals and engaging in projects that offer real-world applications of their studies.

Benefits and Culture

Sumitomo Mitsui Financial Group, Inc. is dedicated to not only attracting but also retaining top talent by offering competitive benefits that enhance both personal and professional life. The company culture promotes work-life balance, employee well-being, and continuous learning.

Innovative Work Environment

Innovation is a key driver of SMFG’s success. Employees are encouraged to bring forward-thinking ideas to the table and are provided with the resources to transform these ideas into actionable solutions that drive the financial industry forward.

Networking and Career Development

Networking opportunities within SMFG are abundant. Employees are encouraged to connect with colleagues and industry leaders through various platforms and events, enhancing their professional network and opening doors to myriad career opportunities.

Apply for a Position

Sumitomo Mitsui Financial Group, Inc. is actively hiring and looking for talented individuals who are passionate, curious, and driven. Explore open positions that match your skills and interests on the SMFG careers page.

Stay Connected with SMFG Careers

Keep up to date with the latest career tips, industry insights, and company news from Sumitomo Mitsui Financial Group, Inc. Subscribe to receive updates and stay informed about new job openings and employment trends.

Prepare for Your Interview

Aspiring to join SMFG? Prepare your resume to reflect your best self and gear up for the interview process where you can showcase your skills and passion for finance and innovation.

Career Opportunities Await

At Sumitomo Mitsui Financial Group, Inc., the potential for professional development and personal growth is limitless. Discover the exciting and rewarding career opportunities that await at SMFG, where every position contributes to the company’s global success and leadership in the financial industry.
Learn more about Sumitomo Mitsui Financial Group, Inc.
Industry
Finance & Insurance
* Ladders Estimates

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