Senior Product Owner - Middle & Back Office (MBO), FICC

Sumitomo Mitsui Banking Corporation•New York, NY

13d•$185,000 - $227,000•Hybrid

About The Position

The Senior Product Owner (Director) for Middle & Back Office (MBO) is responsible for defining and executing the strategic product roadmap across post-trade operations supporting Fixed Income, Currencies, and Commodities (FICC) businesses. The role is the primary liaison among business stakeholders, Operations, Technology, Risk, and Control functions, driving platform modernization, operational efficiency, regulatory compliance, and scalable front-to-back processing solutions. The position requires broad capital markets product knowledge and deep expertise across FICC trade lifecycle workflows, including trade capture, confirmation, matching, settlement, collateral management, payments, reconciliations, regulatory reporting, and operational controls. The successful candidate will provide strategic leadership while balancing business priorities, technology constraints, and delivery objectives. The role also leads and mentors Business Analysts and Product team members and fosters a product-driven delivery culture.

Requirements

10+ years of capital markets experience with significant focus on FICC products and post-trade operations.
Deep expertise across Fixed Income, Repo, FX, Rates, Credit, and Derivatives processing.
Proven experience leading large-scale middle office, back office, or post-trade transformation programs.
Strong understanding of trade lifecycle events, settlements, confirmations, collateral, payments, reconciliations, regulatory reporting, and operational controls.
Experience working within Agile product organizations and managing strategic product roadmaps and backlogs.
Demonstrated ability to influence senior stakeholders across business and technology organizations.
Experience with platform modernization, workflow automation, data initiatives, and vendor integrations.

Nice To Haves

Product management leadership experience within an investment bank, broker-dealer, or capital markets institution.
Experience with front-to-back architecture and target operating model redesign.
Strong knowledge of regulatory and control frameworks affecting FICC operations.
Familiarity with post-trade platforms, settlement utilities, market infrastructure providers, and enterprise data ecosystems.

Responsibilities

Own the product vision, strategy, roadmap, and backlog for MBO platforms and capabilities supporting FICC businesses.
Drive transformation initiatives focused on automation, straight-through processing (STP), risk reduction, scalability, and operational efficiency.
Partner with Front Office, Operations, Finance, Risk, Compliance, and Technology teams to prioritize investments and deliver measurable business outcomes.
Serve as the accountable product lead for end-to-end trade lifecycle workflows across fixed income, rates, FX, repo, credit, and derivative products.
Lead requirements definition, business process re-engineering, and target operating model development.
Make value-based prioritization decisions and manage trade-offs across competing business demands.
Champion data quality, controls, reconciliation, exception management, regulatory compliance, and operational resiliency initiatives.
Oversee business case development, benefits realization, and KPI tracking.
Provide executive-level communication, status reporting, and stakeholder management across business and technology leadership.
Lead and mentor Business Analysts and Product team members while fostering a product-driven delivery culture.