Role DescriptionThe Vice President of Confirmations will be a senior member of the Capital Markets Derivative Operations team, supporting daily confirmations 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. This role will closely partner with Front Office, Back Office, and IT to deliver on business objectives.
The Derivative Operations group handles operations for Capital Markets and is comprised of 4 key functions: Sales Middle Office, Confirmations, Settlements, and Margin. The Confirmations team actively manages trade-documentation 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 is a primarily remote position, with occasional requirements to work from the office.
Role Objectives:
- Lead a team of Confirmations professionals in ensuring timely dispatching of confirmations and execution with counterparts
- Identify and escalate breaks as needed
- Understand and ensure compliance with relevant regulatory requirements
- Proficiency using various industry-standard platforms as well as proprietary systems
- Identify opportunities for process improvements and implement changes to enhance efficiency and accuracy
- Actively contribute to and test projects related to system enhancements and new industry initiatives and products
- Maintain accurate documentation for all group-owned controls and processes
- Act as a liaison for senior management on confirmation-related issues
- Develop and cross-train team members to effectively manage daily operations, provide coverage, and participate in relevant initiatives and projects
- Manage the direction and productivity of the team by establishing clear goals and objectives, setting priorities, and providing guidelines and recommendations for approach to ensure team success. Establish benchmarks and performance milestones for measuring tangible results
Core Competencies/Skills:
- Knowledge of regulatory control and risk frameworks applicable to Operations
- Forward thinker who seeks to improve business processes that deliver better service to stakeholders
- Excellent verbal and written communication skills with ability to articulate concepts and ideas to diverse audiences
- Project-management experience is preferred but not required
- Ability to balance BAU requirements of the role with the ongoing strategic development of the function
- High-level customer service mindset with a commitment to supporting both internal and external stakeholders
- Must have the ability to independently assess a situation and formulate and articulate an approach
Qualifications and Skills- 7+ years of experience in financial services
- 5+ years of proven supervisory experience
- 3+ years of experience working in Confirmations/Documentation capacity
- BA/BS required
- Degree in Finance, Accounting or related discipline is preferred
- Proficiency in Microsoft Office (Word, Excel, PowerPoint, etc.)
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.
