Repo Collateral Management

Sumitomo Mitsui Banking Corporation • City of White Plains, NY

1d • Hybrid

About The Position

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history, offering 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. In the Americas, SMBC Group provides commercial and investment banking services to its corporate, institutional, and municipal clients. This role is focused on daily collateral management operations, supporting the repo desk by managing triparty collateral exposures, substitutions, and settlements, and ensuring the secure handling and compliance of pledged or acquired collateral.

Requirements

• 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.
• 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.

Nice To Haves

• Bachelor’s degree: Finance, Economics, Business, Accounting, or related field preferred.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees