Trade Reporting Analyst - SMBC
Jersey City, NJ 07311
About the Job
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.
The anticipated salary range for this role is between $68,000.00 and $90,000.00. 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 Capital Markets is an interest rates derivatives trading company based in New York City, with offices in London and Hong Kong. We are a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), one of the leading global banks in Japan.
Our Capital Markets (CM) business is an established derivatives dealer with a broad product portfolio, with specific emphasis on interest rates and foreign exchange. We have been in operation for more than 30 years and we are a leading market-maker in several markets.
The Regulatory Trade Reporting team is looking to hire an analyst to be responsible for CFTC trade reporting (U.S. Commodity Futures Trading Commission) on OTC derivatives including monitoring of the trade reporting process, remediation of trade reporting issues, and assisting with projects.
The Regulatory Trade Reporting team covers Rates, FX and Commodity asset classes.
Responsibilities:
- Daily monitoring of the CFTC trade regulatory reporting process for OTC derivatives and remediation of reporting exceptions
- To identify, investigate, log all reporting exceptions related to DFA reporting
- Reconciling the positions data between internal system and DTCC and recommending further fixes to enhance the reconciliation.
- Assist with regulatory initiatives and projects
Industry Knowledge:
- Dodd Frank Trade Reporting Experience (highly preferable)
- Knowledge of DTCC
- Intermediate Excel skills
- Derivatives experience (preferable)
Qualifications:
Bachelor's Degree with 0-2 years of CFTC trade reporting experience, ideally at another CFTC registered swap dealer.
Additional Qualifications:
- Familiar with reconciliations and quality assurance
- Comfortable with technology and vendor software tools
- Self-starter and ability to keep up with changing rules and regulations
- Ability to communicate well with stakeholders
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 accommodations@smbcgroup.com.