BCDAD Securities Associate

Sumitomo Mitsui Banking Corporation • Charlotte, NC

10d • Hybrid

About The Position

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 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.

Requirements

• 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.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed