Trading Risk and Control Associate

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's or Master's Degree in Financial Engineering, Finance, Computer Science, or related field
  • Minimum 5 years of experience in Fixed Income
  • In-depth knowledge of greeks, mark to markets, and P&L attribution
  • Exceptional attention to detail and accountability
  • Strong communication skills and a solid work ethic
  • Skilled in Python and Excel VBA programming.

Responsibilities

  • Monitor global financial market trends and their impact on portfolios
  • Perform valuations of interest rate derivatives and market risk assessments
  • Mark curves for daily MTM calculations, ensuring accuracy in parameters
  • Conduct daily valuations of the CM derivatives portfolio including greeks and P&L attribution
  • Execute monthly valuation analysis using external data and internal models
  • Improve and optimize existing processes for enhanced workflow.

Benefits

  • Hybrid work model allowing flexibility between home and office
  • Comprehensive portfolio of competitive employee benefits
  • Support for reasonable accommodations during the application process.
Full Job Description


Role Description

The Trading Risk & Control group in Capital Markets is established under Sales and Trading to ensure proper trading support and smooth operations. It is seeking a highly motivated candidate who wants to build their career in an interest rate derivative trading floor. This position is part of the trading group and coverage includes products in all major currencies which will provides unique opportunities to get exposure to all aspects of trading interest rate derivatives. Given the small size of the trading group, you will be working on a wide-range of derivatives simultaneously, such as swaps, options, FX and credit products.
  • Understand global financial markets, follow market movements and comprehend the impact of on the portfolios
  • Deep understanding of interest rates derivatives valuation and market risk, understanding of key valuation approaches and models
  • Mark the curves which will be used in calculating daily MTM and ensure that all the market input parameters are accurate
  • Daily valuation of the CM derivatives portfolio, including production of greeks, mark to markets, and pnl attribution
  • Undertake monthly valuation analysis using externa data source and internal models
  • Enhance and streamline of existing working processes


Role Objectives: Delivery

  • Interact with a larger team which includes financial analysts, quants, and traders
  • Solve problems quickly and independently under pressure
  • Handle multiple projects at the same time
  • Proactively investigate and resolve trade discrepancies


Qualifications and Skills

  • Bachelor's or Master's Degree in Financial Engineering, Finance, Computer Science or related quantitative/analytical field
  • Minimum 5 years of work experience in Fixed Income
  • Deep understanding of greeks, mark to markets, and pnl attribution
  • Meticulous attention to detail and constant accountability
  • Excellent communication skills with good teamwork and a strong work ethic
  • Proficiency in Python, Excel VBA programming language


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.

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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.

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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.
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