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Form of workSMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $85,000.00 and $107,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
The Money Markets and Fixed Income Group of the SMBC Americas division is responsible for the execution and monitoring of short-term debt instruments, including but not limited to certificates of deposit, commercial paper, treasury bills, customer deposit and loans. Reporting to the Money Market Desk Chief, the candidate will execute on these products, as well as maintain position records, conduct analytics, and maintain documentation of activity. The candidate will become a core member of the group and operate in an exciting, fast-paced team environment.
The Money Markets and Fixed Income Group sits in the Treasury Function of the New York Branch within the SMBC Americas division. The incumbent will support the Money Market Desk Chief as an independent contributor and be relied upon for critical trade execution. Additionally, the candidate will be expected to effectively collaborate with colleagues, demonstrate ongoing curiosity about financial markets, and conduct activity with a risk-owner mindset.
Role Objectives
Manage intraday flow of funds, which includes but not limited to pricing and execution funding transactions of inter-banks, branches, subsidiaries across the three regions North America, EMEA and Asia.
Management and reconciliation of the primary USD account at key financial market utilities and secondaries at sub-custodian or correspondent banks
Management and reconciliation of non-USD currencies which includes pricing and funding through branches or entering into FX or C/S trades.
Quotes interest rates for loans and deposits to a wide range of bank customers while recognizing pricing methods.
Develop an understanding of short-term funding markets and associated products including FX swaps, Currency Swap, repo and other applicable Money Market instruments.
Develop an understanding of what cause movements in interest rates which affect the decision on pricing.
Develop an understanding of the firm's balance sheet in order to manage asset and liability effectively.
Identify and drive process improvements and automations to increase operational efficiency while enhancing controls and improving the risk environment, including organizing and maintaining documentation.
Ability to interact with and build relationships with people from different departments to understand the end-to-end processes of transactions, and to identify risks and opportunities from an intraday perspective.
Compliance with the firm's code of conduct and adhere to proper controls policies and procedures which are applicable.
Complies with all FRB, State and Federal regulations.
Qualifications and Skills
Functional knowledge of payment systems (Chips, Fed Wire, ACH...)
Functional knowledge of Money Market products such as Eurodollars, Federal Funds, Certificate of Deposit and Commercial Paper.
Time management skills, ability to work under pressure, team-work is a must.
Detail-oriented and able to multi-task in a fast paced environment with frequently changing priorities and to meet deadlines under pressure.
Ability to understand how FED,ECB,BOJ,BOC,BOE monetary policies apply to Money Markets.
Ability to demonstrate analytical abilities.
Proficient in technical skills (Bloomberg and Microsoft Office Suite)
Take initiative and is driven to excel in all aspects of the role and seek for improvements.
2-5 years of comparable or relevant experience.
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
