Trade Reporting
3 days ago
The anticipated salary range for this role is between $83,000.00 and $125,000.00. 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
SMBC Capital Markets, Inc. is a derivatives trading company which was started in 1988 and is based in New York City, with offices in London and Hong Kong. SMBC Capital Markets, Inc. is an established derivatives dealer with a broad product portfolio, with specific emphasis on interest rates and foreign exchange products such as interest & FX swaps, FRAs, options, exotic products, commodity derivatives as well as exchange traded products such as treasury bonds, interest rate futures & options, currency futures, treasury futures & options, etc.
SMBC is hiring an Associate within the CFTC Trade Reporting team. The team is responsible for ensuring the timeliness, completeness and accuracy of its CFTC Part 43/45 reporting. The associate's primary responsibility will be to ensure data quality on trades that require reporting. The candidate should have functional knowledge of derivatives and Dodd Frank regulations.
Responsibilities
Create a robust control environment where regulatory reporting issues are identified quickly and accurately Accountable for overseeing and monitoring correct reporting for regulatory reports. Developing new or enhancing existing compliance policies, procedures, manuals. Actively ensure proper mitigating controls are in place and be responsible for improving processes Must be aware of Regulatory Reporting issues and updates Should be able to highlight any control issues that are found either within the team or the wider Operations' teams that we monitor Investigating non-compliance issues and escalate to appropriate teams/individuals Regular review of data quality and system workflows to ensure compliance Perform data mapping to identify data gaps and work with business users to source the additional information required Maintain and create a continuing growing list of metricsQualifications and Skills
Solid understanding of at least one of the following asset class (FX, Rates, Credit) Ability to incorporate guidance from multiple sources into day-to-day workstreams Ability to communicate complex ideas in simple terms Proficiency in ExcelPreferred Qualifications
Experience writing policies and procedures Experience in remediating Audit findings (planning and execution) AlteryxSMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
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