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Financial Resource Management Associate

Sumitomo Mitsui Banking Corporation (SMBC)
New York, NY, United States
Full-time

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 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 $100,000.00and $150,000.00. 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 Analyst / Associate is mostly responsible for the daily operations of the Financial Resource Management (FRM) team by running various reports, creating dashboards and liaising with other stakeholders in the Sales & Trading division within SMBC Capital Markets.

The new hire is also responsible for analyzing SMBC CM derivatives' portfolio and finding ways to optimize CM assets (like optimum cash usage,UST, JGBs etc)

Role Responsibilities

  • Designing / implementation / running reports and diagnostics for various funding, margin and liquidity related activities, analyzing risk & pnl of the central funding book in SMBC CM, optimized usage of CM liquidity sources
  • Creating various dashboards for financial resource management in dissecting CM derivatives portfolio by asset classes, counterparty types, csa etc
  • Work closely with other teams including Trading, Sales and xVA desk on funding & margin related pricing for new deals.
  • Work on other adhoc and critical projects related to the FRM team and liaise with other front, middle and back office teams.

Role Objectives : Expertise

  • Good understanding of interest rate derivatives like swaps, options, fx
  • 2-5 years of experience in interest rate derivatives preferably having worked in capital markets in banks and / or other financial institutions
  • General understanding of RWA based regulatory capital rules, Volcker rules around Trading Assets & Liabilities, Balance sheet analysis will all be considered a plus

Qualifications and Skills

Education : Required BA / BS Preferred : MA / MS / MBA

Preferable to have candidates with Excel VBA expertise and proficient in Python and Power BI for dashboard and report generation

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 [email protected].

5 days ago
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