Data Administrator

3 weeks ago


White Plains, United States Sumitomo Mitsui Banking Corporation Full time

SMBC Capital Markets is an interest rates derivatives trading company based in New York City, with offices in London and Hong Kong. We are a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), one of the leading global banks in Japan.

Our Capital Markets (CM) business is an established derivatives dealer with a broad product portfolio, with specific emphasis on interest rates and foreign exchange. We have been in operation for more than 30 years and we are a leading market-maker in several markets.

The Global Margin Operations group monitors operations through daily counterparty interactions for SMBC CM Inc. and SMBC Nikko CM Ltd. serving in functions that include daily collateral management and portfolio reconciliation for OTC bilateral, centrally cleared, and exchange traded derivatives. The team is relied upon for reconciliations of swap settlements for centrally cleared trades, portfolio reconciliation and other regulatory requirements related to Margin. They are considered first line of defense for dispute resolution processes on a portfolio level and trade level.

We are looking to hire a new Temporary/Contingency worker to join our margin team in our White Plains, NY office.

The anticipated salary range for this role is between $76,000.00 and $120,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

**Role Description**:
**Responsibilities**:

- Managing the issuance and booking of daily margin calls for bilateral and cleared derivatives.
- Facilitating margin call disputes, reconciliation, and resolution.
- Reconcile cleared & non-cleared derivatives trading portfolio according to the Dodd-Frank & EMIR Regulatory Requirements of Portfolio Reconciliation and ensure portfolio completeness and all breach of thresholds are escalated and explained.
- Review and track daily portfolio differences across for MTM, Material & Economic Terms, and SIMM reconciliations.
- Escalate discrepancies appropriately to the relevant internal or external parties.
- Assist in ad-hoc requests related to management and investigations of operational issues.
- Assist in monitor process gaps and make recommendations on technological changes.
- Participation in projects & planning related to industry initiatives and operational efficiencies

**Qualifications and Skills**:

- Bachelor's Degree, ideally in Mathematics, Finance, Economics, Business, or related area.
- Between 3-5 years of relevant experience in Banking & Financial Services, preferably in collateral management or other operations role(s).
- Understanding of derivative trade structure and trade flow management, specifically how it impacts daily valuations.
- Excellent analytical skills with an eye for detail and good time management skills.
- Exceptional verbal and written communication skills.
- Adept at working and effectively collaborating with clients, operations, and technology teams.
- Strong problem-solving skills to deal with complexity and respond quickly to uncertainty.

**Preferred**:

- Experience working with TriResolve, Acadiasoft Marginsphere, IMEM
- Working knowledge of collateral management, margin call processing, and regulatory requirements in non-cleared margining rules for initial margin and variation margin
- Knowledge of collateral optimization.



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