VP, FX and Treasuries Settlements
About The Position
The VP of Capital Markets Settlements is a senior member of the Derivatives & FX Operations team, supervising the team responsible for daily settlements processes for the Capital Markets FX and US Treasuries trading business. The role also supports derivative business conducted by group companies in New York, London, and Hong Kong, and partners closely with Front Office, Back Office, and IT to deliver business objectives. The Settlements function actively manages pre- and post-settlement processes and daily financial risks. It also focuses on keeping current with industry standards and regulatory requirements while evolving its risk-mitigation framework and technology agenda. The VP leads settlement professionals, provides guidance and supervisory controls to junior team members, and serves as a liaison for senior management on settlement-related matters.
Requirements
- 10+ years of experience in financial services.
- 3+ years of experience working in a Settlements capacity.
- Strong people-management skills.
- Understanding of FX, US Treasuries, and derivatives products.
- Working knowledge of SWIFT.
- BA/BS required.
- Effective time-management skills and ability to manage priorities and resources.
- Forward-thinking approach to improving business processes and service delivery.
Nice To Haves
- A degree in Finance, Accounting, or a related discipline is preferred.
Responsibilities
- Lead a high-performing team to ensure timely and accurate settlement of FX cashflows and US Treasury settlements.
- Provide managerial guidance and supervisory controls to junior team members.
- Use sound judgment and reprioritize work as risks change.
- Manage pre-settlement payment affirmation and post-settlement investigations, including compensation claims processing.
- Maintain risk-mitigation discipline and identify and escalate settlement breaks as needed.
- Understand and ensure compliance with relevant regulatory requirements, internal policies, and procedures.
- Use industry-standard settlement platforms and proprietary systems.
- Identify and implement process improvements to enhance efficiency, scalability, and accuracy.
- Contribute to and test projects involving system enhancements, new industry initiatives, and products.
- Maintain accurate documentation for group-owned controls and processes.
- Act as a liaison for senior management on settlement-related issues.
- Produce management KRIs.
- Promote a culture of credibility and accountability.
Benefits
- Competitive portfolio of benefits.
- May be eligible for an annual discretionary incentive award.
- Hybrid workforce model offering the opportunity to work from home and from an SMBC office, subject to role and schedule requirements.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
