Vice President, Sales Middle Office

Sumitomo Mitsui Banking Corporation•New York, NY

2d•$125,000 - $170,000•Hybrid

About The Position

SMBC Group is a top-tier global financial group with a 400-year history, offering diverse financial services. In the Americas, SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients, connecting them to local markets and its global network. The anticipated salary range for this role is between $125,000.00 and $170,000.00, with potential for an annual discretionary incentive award. SMBC offers a competitive portfolio of benefits. The VP of Capital Markets sales support will be a senior member of the newly created Sales MO function within Derivative Operations. This role will support the front office in building business with hedge funds and investment advisors, closely partnering with Front Office, Back Office, and IT to achieve business objectives. The team's objective is to support Capital Markets traders and salespeople in areas such as trade booking, end-of-day validation, monitoring third-party platforms, managing trade lifecycle events, and assisting with client onboarding. The team will also investigate sales credit discrepancies and create sales credit reports. This new team will collaborate across operations, front office, technology, compliance, risk, legal, and credit departments. As a senior member, this individual will support established policies and procedures and help guide the establishment of new desktop procedures and controls.

Requirements

7+ years of experience in financial services
3+ years of experience working in Middle Office / Trade Support capacity
BA/BS required
Degree in Finance, Accounting or related discipline is preferred
Experience working in a multi entity organizational structure and understanding regulatory reporting requirements.
Proficiency using various Industry standard platforms as well as proprietary systems.

Nice To Haves

MBA a plus
FINRA Series 99 is preferred

Responsibilities

Work across front office and operational departments to ensure all transaction data is captured timely and accurately and reviewed via end of day validation and completeness checks.
Identify opportunities for process improvements and implement changes to enhance efficiency and accuracy.
Actively contribute and test projects related to system enhancements and new industry initiatives and products.
Create and maintain accurate documentation for all group owned controls and processes.
Ensure compliance with internal policies and procedures.
Identify and escalate trade breaks, cancel and correct trades as needed.
Process trade allocations and trade affirmations.
Act as a liaison for front office on trade or settlement related issues.
Investigate sales credit discrepancies and create sales credit reports.
Coordinate client onboarding process across the client and internal stakeholders (legal, tax, credit, KYC).
Initiate the credit application process with clients.
Manage the fund onboarding process, working with asset managers and legal / credit to add new counterparties to existing umbrella agreements.