Associate, Repo Collateral Management

Sumitomo Mitsui Banking Corporation•City of White Plains, NY

7d•$78,000 - $125,000•Hybrid

About The Position

SMBC Group is a top-tier global financial group with a 400-year history, offering diverse financial services worldwide. In the Americas, SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and its extensive global network. This role supports the repo desk by managing triparty collateral exposures, substitutions, and settlements, ensuring the secure receipt, storage, and tracking of collateral. The Associate will review and validate cash and non-cash transactions, post and reconcile collateral transactions, and ensure adherence to relevant documentation, policies, and regulatory requirements. The position involves resolving collateral discrepancies, managing communication with internal and external parties, and generating reports related to collateral positions. Additionally, the role will support product enhancements and process improvements for repo and tri-party collateral workflows.

Requirements

Bachelor’s degree: Finance, Economics, Business, Accounting, or related field preferred.
2+ years experience in collateral management, repo operations, middle office, or trade support required.
Accurate and efficient collateral processing
Adherence to operational and counterparty risk
Strong support for the repo trading desk
Compliance with regulatory and contractual obligations
Strong understanding of repo markets, collateral types, and margining practices.
Familiarity with securities financing concepts.
Proficiency in Microsoft Excel.
Experience managing relationships with internal and external partners.
Experience with collateral management or servicing systems.
High attention to detail and ability to operate with minimal errors.
Strong problem-solving skills for resolving cross-functional issues.
Effective communication with internal and external stakeholders.

Responsibilities

Support the repo desk by managing triparty collateral exposures, substitutions, and settlements.
Ensure secure receipt, storage, and tracking of pledged or acquired collateral.
Independently review and validate both cash and non-cash transactions for accuracy and compliance with agreements.
Post and reconcile collateral transactions in the respective systems to maintain accurate exposure and obligation records.
Ensure adherence to GMRA/MRA and Repo collateralized documentation, internal policies, and regulatory requirements related to repo collateral.
Resolve escalated or complex collateral discrepancies and ensure issues are addressed promptly.
Manage communication with internal teams (trading, risk, legal, operations) and external parties (counterparties, custodians, triparty agents).
Approve or generate system-driven reports, queries, and deliverables related to collateral positions and exposures.
Support product enhancements and process improvements for repo and tri-party collateral workflows.