Associate, Collateral and Margin Management

Role Description

- Managing the issuance and booking of daily margin calls for bilateral derivatives

- Facilitating margin call disputes, reconciliations, and resolution

- Reconcile non-cleared derivatives trading according to Dodd-Frank and EMIR Regulatory Requirements of Portfolio Reconciliation and ensure portfolio completeness and all breach of thresholds are managed and escalated appropriately

- Review and track daily portfolio differences related to MTM and SIMM exposures

- Escalate discrepancies appropriately to the relevant internal or external parties

- Assist in ad-hoc requests related to management and investigations of operational issues

- Assist in monitoring process gaps and make recommendations on technological changes

- Participation in projects & planning related to industry initiatives and operational efficiencies

Qualifications and Skills

• Bachelor’s Degree, ideally in Mathematics, Finance, Economics, Business, or related area
• 3-5 years of relevant experience in Banking & Financial Services, preferably in Collateral Management, Liquidity Management, or other Derivatives Operations role(s)
• Understanding of the derivative trade structure and trade flow management, specifically how it impacts daily valuations
• Understanding of Credit Support Annex agreements, ISDA conventions, and the various internal and external rules and regulations affecting the industry and the department (CFTC and EMIR)
• Ability to identify inefficiencies and opportunities for automation
• Excellent analytical skills with an eye for detail and good time management skills
• Exceptional verbal and written communication skills
• Adept at working and effectively collaborating with clients, operations, and technology teams
• Strong problem-solving skills to deal with complexity and respond quickly to uncertainty
• Advanced working knowledge of Microsoft Excel
• Strong organizational and multitasking skills, attention to detail, and ability to work independently

Additional Requirements

• Experience working with TriResolve, Acadiasoft, IMEM
• Working knowledge of collateral management, margin call processing, and regulatory requirements in non-cleared margining rules for initial margin and variations margin
• Knowledge of collateral optimization

Pay

The anticipated salary range for this role is between $78,000.00 and $125,000.00. 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.

Schedule

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.

Benefits

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 accommodations@smbcgroup.com.

Location

Nearest Major Market: White Plains

Nearest Secondary Market: New York City