Role ObjectivesDaily Collateral Management Operations• Support the repo desk by managing triparty collateral exposures, substitutions, and settlements.
• Ensure secure receipt, storage, and tracking of pledged or acquired collateral.
• Independently review and validate both cash and non-cash transactions for accuracy and compliance with agreements.
• Post and reconcile collateral transactions in the respective systems to maintain accurate exposure and obligation records.
• Ensure adherence to GMRA/MRA and Repo collateralized documentation, internal policies, and regulatory requirements related to repo collateral.
• Resolve escalated or complex collateral discrepancies and ensure issues are addressed promptly.
• Manage communication with internal teams (trading, risk, legal, operations) and external parties (counterparties, custodians, triparty agents).
• Approve or generate system-driven reports, queries, and deliverables related to collateral positions and exposures.
Technical Skills• Strong understanding of repo markets, collateral types, and margining practices.
• Familiarity with securities financing concepts.
• Proficiency in Microsoft Excel.
• Experience managing relationships with internal and external partners.
• Experience with collateral management or servicing systems.
• Support product enhancements and process improvements for repo and tri-party collateral workflows.
Soft Skills• High attention to detail and ability to operate with minimal errors.
• Strong problem-solving skills for resolving cross-functional issues.
• Effective communication with internal and external stakeholders.
Qualifications and Skills- Bachelor's degree: Finance, Economics, Business, Accounting, or related field preferred.
- 2+ years experience in collateral management, repo operations, middle office, or trade support required.
- Accurate and efficient collateral processing
- Adherence to operational and counterparty risk
- Strong support for the repo trading desk
- Compliance with regulatory and contractual obligations
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.
