Derivatives - Analyst

Sumitomo Mitsui Banking • White Plains, NY

197d • $65,000 - $80,000 • Hybrid

About The Position

The Derivatives unit is a part of the Treasury Operations group within BCDAD and is responsible for the confirmation, settlement, clearance, payment and reconciliation of derivative transactions executed by the bank's domestic and global branch offices. The Derivatives Analyst is responsible for review of the administrators and representatives daily processing of confirmations and settlements for securities trades. The Analyst may act as a subject matter expert and be responsible to resolve some complex matters. May be responsible to identify and implement improvements to policies and procedures. May lead a small team and train others. Reports to the Director level. Number of direct reports: up to 5. Number of indirect reports: none.

Requirements

• 3 - 5 years of comparable or relevant experience
• Experience in a back office operations environment is desirable
• BA / BS (or equivalent experience) in Accounting, Finance or relevant discipline is preferred
• Knowledge of Canadian and EMEA reporting, regulatory systems
• Strong analytical, critical thinking and problem resolution skills
• High level customer service mindset with a commitment to excellence
• Ability to set priorities, manage time effectively, meet deadlines and complete work accurately
• Ability to quickly learn and adapt to new processes and system
• Excellent verbal, written and interpersonal communication skills
• Ability to work well autonomously and be a complete self-starter
• Familiarity with OBS, Montran, SAA, Markitwire, DTCC DDR and various online trading or collateral systems, MS Office (MS Word, MS Excel, MS PowerPoint), SharePoint

Responsibilities

• Prepares and inputs settlement instructions for timely and efficient processing
• Reconciles outstanding items; ensures trades are settled
• Researches discrepancies, troubleshoots issues and addresses them
• Generates quarterly position and audit reports for management review
• Resolves routine matters and escalates anomalies as appropriate
• Acts as a technical resource for junior staff members
• Prepares or verifies daily reports in compliance with regulatory requirements (Dodd-Frank, EMIR, Canada)
• Documents processes and rationales
• Communicates with other internal departments, may communicate with external parties
• Perform quality and accurate checks

Benefits

• Competitive portfolio of benefits
• Annual discretionary incentive award

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees