Analyst, Settlements

Sumitomo Mitsui Banking Corporation•City of White Plains, NY

4d•$67,000 - $80,000•Hybrid

About The Position

Own the end-to-end settlement, lifecycle event processing, and reconciliation of derivative transactions, with a primary focus on OTC Interest Rate Derivatives including swaps, caps, floors, and related cash flows. In this role, you’ll sit at the center of the Derivatives Operations function, ensuring payments, resets, maturities, rate fixings, and settlement instructions are processed accurately, on time, and in line with internal controls, regulatory expectations, and counterparty requirements.

Requirements

Experience in derivatives operations, settlements, trade support, or middle office functions, preferably with OTC Interest Rate Derivatives.
Strong understanding of the derivative trade lifecycle, including confirmations, settlements, cash flows, resets, rate fixings, maturities, amendments, and terminations.
Familiarity with industry utilities and platforms such as SWIFT, Bloomberg, DTCC, MarkitWire, and clearing platforms.
Strong control mindset with the ability to identify settlement risk, escalate issues appropriately, and follow through on exception resolution.
Detail-oriented and deadline-driven, with the ability to manage high-volume settlement activity and competing priorities in a fast-paced environment.
Analytical, proactive problem-solver with strong communication skills across Operations, Front Office, Middle Office, Technology, and external counterparties.
Proficiency in Excel and comfort working across financial systems, reconciliation tools, and reporting platforms.

Nice To Haves

Curiosity to expand your knowledge across multiple asset classes.

Responsibilities

Validate, process, and settle OTC Interest Rate Derivative transactions, including swaps, caps, floors, and related derivative cash flows.
Manage daily settlement activity, including payment calculations, cash movements, netting, rate fixings, resets, maturities, and lifecycle event processing.
Monitor trade confirmations, allocations, settlement queues, and exception reports; investigate discrepancies and drive timely break resolution through to closure.
Reconcile derivative activity and cash movements across internal systems, custodians, brokers, clearing houses, and counterparties to ensure books and records remain accurate.
Partner closely with Front Office, Middle Office, Treasury, Finance, Technology, Legal, and external counterparties to resolve failed settlements, reduce recurring breaks, and support smooth trade lifecycle management.
Maintain accurate transaction records and support audit, regulatory, controls testing, and management reporting requirements related to derivative settlements.
Identify opportunities to improve derivative settlement workflows, strengthen operational controls, reduce manual intervention, and enhance scalability across systems and processes.