BCDAD Securities Associate

Job Level: Associate Job Function: Trade Operations Location: Employment Type: Full Time Requisition ID: 8225 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 MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. Role Description The Securities unit is a part of the Treasury Operations group within BCDAD and is responsible for the confirmation, settlement, clearance and reconciliation of securities transactions executed by the bank’s domestic and global offices. Products include certificates of deposit, commercial paper, treasury bills, treasury bonds, tri-party repos and mortgage backed securities. The Scope: The Associate is responsible for managing the workflow and approving transactions of the processing specialists. This is a tactical and transactional role whose primary focus is on day-to-day operational execution. Verifies and checks employee processing activities and ensures trades are accurately and timely completed. Acts as 2nd level point of escalation for inquiries from the internal staff. Reports to the Director. Number of reports: none. Number of indirect reports: none. Responsibilities Manages end-to-end workflow; prioritizes and aligns tasks in accordance with departmental objectives. Ensures all customer and bank guidelines, policies, and procedures are followed as they relate to operations. Assists staff to ensure payment processing is approved and accurate. Approves release of payments. Researches, investigates, and resolves failed, mismatched, and unmatched trades. Verifies and checks reports generated by the operations staff. Ensures employee compliance with bank and regulatory requirements and standards of ethical behavior. Participates in Disaster Recovery exercises to ensure smooth recovery of applications in the event of unplanned business disruption. Qualifications and Skills Knowledge of departmental PPM and Guidelines for Securities Transactions settlements. Knowledge of securities, credit lines, confirmation, and settlement processes. Knowledge of payment structures through various settlement methods. Operational knowledge of the applications that support back office operations (i.e., BONY-BDC, AccessEdge, OBS, MONTRAN, etc.). Ability to set priorities, develop a work schedule, monitor staff progress toward goals, and track activities. Excellent verbal, written, and interpersonal communication skills. A strong sense of urgency and accountability with exceptional time management skills. Ability to coordinate and communicate with various internal departments across the organization. Forward thinker who seeks to improve business processes that deliver better services. 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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected]. Nearest Major Market: Charlotte