Desk Strats

Sumitomo Mitsui Financial Group, Inc. • $157K — $225K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Good understanding of rates-related products, especially options.
  • Working knowledge of pricing methodology and risk.
  • Experience in a front-office pricing environment with strong technical and product expertise.
  • Relevant experience in quantitative desk strat or related roles for rates or options businesses.
  • Proficient in Excel and Excel VBA, and solid programming ability in Java and Python.
  • Strong analytical and problem-solving skills, with the ability to work independently.
  • Experience with model governance, testing, and validation processes.

Responsibilities

  • Support the options desk by developing and enhancing pricing and risk tools for trading.
  • Deliver reliable spreadsheet- and application-based workflow solutions and troubleshoot production issues.
  • Contribute to enhancing desk infrastructure for better control, efficiency, and scalability.
  • Engage directly with traders and partner teams to describe and resolve problems clearly.
  • Gather requirements and effectively communicate technical topics across teams.
  • Collaborate with Model Validation and governance on model changes and documentation.
  • Test and implement model changes in line with governance standards.

Benefits

  • Hybrid work model allowing flexibility between home and office.
  • Opportunity for professional growth within a fast-paced front-office environment.
  • Engagement with cross-functional teams, enhancing collaboration skills.
Full Job Description
Role Description

The role is for a VP level Desk Strat supporting the Interest Rate Options team, with a focus on rates-related products, pricing methodology, risk analysis, and desk workflow support. The individual will work closely with traders and other front office users, as well as Model Validation, the technology team, and Middle Office, to develop and maintain pricing tools, investigate issues, improve desk processes, and support the ongoing enhancement of analytics and infrastructure. The role requires strong technical ability, sound product and risk knowledge, and the confidence to engage directly with users and partner teams.

Role Objectives

  • Support the options desk by developing, maintaining, and improving pricing and risk tools used in daily trading and risk management.
  • Deliver reliable solutions across spreadsheet- and application-based workflows, troubleshoot production issues efficiently, and help ensure model changes and releases are tested and implemented in line with desk and governance standards.
  • Contribute to the enhancement of desk infrastructure and automation to improve control, efficiency, and scalability.
  • The individual should be comfortable speaking directly with traders, model validators, technology teams, and control functions, and be able to describe problems clearly and drive issues to resolution.
  • Strong communication skills are essential, including the ability to gather requirements, explain technical topics in a practical way, and work effectively across teams.
  • The role also requires effective engagement with Model Validation and other governance stakeholders when discussing model changes, controls, testing, and documentation.


Qualifications and Skills

  • The successful candidate should have a good understanding of rates-related products, especially options, together with working knowledge of pricing methodology and risk.
  • They should be able to analyze product behavior, understand valuation and sensitivity drivers, and apply that understanding when building or enhancing desk tools.
  • The role is well suited to someone who has experience in a front-office pricing environment and is continuing to deepen their technical and product expertise.
  • Relevant experience in quantitative desk strat, front-office development, or a related role supporting rates or options businesses.
  • Good understanding of rates products, options pricing, and risk concepts is required.
  • The candidate should be proficient in Excel and Excel VBA, with working to solid programming ability in Java and Python.
  • They should also demonstrate strong analytical and problem-solving skills, the ability to investigate issues independently, and the judgment to balance business needs with control requirements.
  • It is not necessary to be an expert in every programming language, but the candidate should have sufficient technical depth to contribute effectively across the desk's core tool set while continuing to grow in the role.
  • The candidate should be proactive, user-focused, and comfortable operating in a fast-paced front-office environment.
  • They should be able to manage multiple priorities, work across teams, and maintain a high standard of accuracy and responsiveness.
  • Experience interacting with model governance, testing, and validation processes is highly desirable, as is the ability to communicate clearly with both technical and non-technical stakeholders.


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. 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

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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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