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 has 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.
The team will be split across New York and Charlotte as our Charlotte office will be used for primary dealer BCP
- 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 to ensure effective engagement, communication and proactive management of emerging issues
- 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 with ability to articulate complex concepts and ideas to a diverse audience
- 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
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