Head of Securities Operations

Please ensure you read the below overview and requirements for this employment opportunity completely.

SMBC 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 anticipated salary range for this role is between $195,000.00 and $235,000.00. 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

SMBC Nikko Securities America, Inc. (Nikko America) is a member of the Sumitomo Mitsui Financial Group (SMFG), one of the world's largest global financial institutions.

Based in New York City, we are an SEC registered Broker dealer that provides financial products and services to global institutional clients, focusing on North America and Latin America.

Nikko America is progressing with an aggressive growth strategy inclusive of striving to attain primary dealer status. Securities Operations within Nikko America is responsible for the timely and accurate processing of all securities transactions and the corresponding movement of funds.

We are looking for an experienced Operations manager who is proficient in their understanding of Fixed Income Securities and processes.

In addition to building out the Nikko Securities Operations team to support this growth agenda, the individual will also be required to create detailed and auditable policies & procedures, establish a robust control framework / infrastructure and ensure alignment to regulatory requirements.

This position will be required to be on-site in our NYC office*

Role Objectives

• Oversight of approximately 30 staff responsible for middle office, settlement and reporting for the Nikko Treasury business.
• Will serve as a key / primary point of contact for Front Office, COO, Compliance, Accounting, IT and other stakeholders associated with the Fixed Income business.
• Support local, regional and global initiatives related to the Nikko Fixed Income business and ensure regulatory requirements are met.
• Coordinate audit and audit related functions for internal audits, external / regulatory audits.
• Establish and maintain professional working relationships with clearing house(s) and custody banks.
• Oversee the implementation of strategic projects and initiatives related to Nikko Americas objectives.
• Act as business process owner / sponsor for IT application subscriptions.
• Participate in ad hoc projects and testing when necessary.
• Participate in disaster recovery exercises to ensure smooth recovery of department operations following business disruption.
• Manage administrative staff duties such as recruiting and retaining talented staff, coaching and arranging team training, conducting team meetings and facilitating annual performance reviews.

Qualifications and Skills

• 15+ years of experience managing within the Fixed Income / Treasury Operations space.
• FINRA Series 99 (or equivalent) required.
• Excellent written and verbal communication skills.
• Subject matter expert of treasury settlement, self-clearing, tri-party, treasury auction.
• Proficient in FINRA rules and regulations.
• Expert knowledge of clearance processes, industry transaction platforms / applications.
• Ability to work under pressure and deliver results within tight deadlines / time lines.
• Track record of delivering process efficiency gains.
• Ability to identify and assess a problem situation, determine the root cause and propose recommendations and / or solutions to resolve the issue.

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.

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.

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