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SalarySMBC 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 $158,000.00 and $196,000.00. 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
- Responsible for understanding FIST business needs, trends and goals. Identify gaps in the existing systems platforms and opportunities for new or improved products.
- Become an expert on the full offering of sales and trading applications and how they are leveraged within Fixed Income, across departments, to reduce duplication of effort
- Verify and improve on the data held in the bank's application inventory and prepare for architectural governance oversight. Identify strategies to mitigate existing risk acceptances.
- Synthesize the business and technical landscape into a sound product strategy and execution plan
- Lead the preparation of business cases and product requirements in close cooperation with fixed income business ensuring to meet trading and sales needs and expectations
- Collaborate with various stakeholders, including engineers, designers, and vendors. Align diverse perspectives to ensure everyone is working toward the same vision.
- Must have deep understanding of Fixed Income cash and derivative products and front-to-back trade flows
- Analyze gaps in current flows to help with analysis of move to potential new platforms
- Work with vendors to verify functional requirements and testing of new or updates to existing software products
Qualifications and Skills
- 6+ years of experience in Fixed Income domain as business analyst or product strategist, with focus on Rates & Credit for both cash and derivatives
- Solid knowledge of broker-dealer/investment banking environment, sales & trade flows and eTrading domain experience
- Understanding of market data, market making, and pre-trade concepts
- Analytical skills to troubleshoot a variety of symptoms, diagnose problems, and test, recommend and implement solutions to technology problems
- Forward thinker who seeks to improve business processes that deliver better services
- Ability to convey complex information to both technical and non-technical audiences
- Knowledge of platforms such as Bloomberg TOMS, Tradeweb, MarketAxess, ION, ICE (BondPoint, TMC)
- SQL and relational DB experience nice-to-have
- FINRA Series 99 membership is a plus
- Investment banking experience in the trading or pricing domains, with Front-office trading tools exposure and a good understanding of f2b trade flow
- Ability to take an organization from a perspective of legacy technology to a position of industry leading innovation
- Ability to engage and influence stakeholders at all levels within an organization, within and outside technology
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
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.
