Settlements Analyst

SMBC Capital Markets, Inc. 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 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 Settlements Specialist (Analyst) will be immersed in a fast-paced environment in daily settlement processing involving post trade and pre-settlement reconciliation including the following products: FX, Currency Swaps, USD Treasury and CAD Treasury. 

The Treasury Settlements and Margin Group handles operations for Capital Markets. This ranges from management of cash and liquidity, the settlement cycle of all products across Capital Markets and collateralization. Settlements is a fast-paced environment in daily settlement processing in FX, Interest rate swaps, Caps, non-deliverable FX and swaps as well securities including US Treasuries and Canadian Treasuries. The team actively manages pre and post settlement inquiries while monitoring settlement risk. There is a focus on staying current with industry standards and regulations and an emphasis on related projects including the upcoming SOFR transition and transitioning to MX messaging through ISO20022.

This position will be located in our White Plains, NY office.

The anticipated salary range for this role is between $65,000.00 and $80,000.00. 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.

Responsibilities

The Settlements Specialist will report directly to the manager of Settlements.  Daily processes will include pre-settlement reconciliation and confirmation with an emphasis on awareness and monitoring of settlement risk. Payment Processing for USD and FX. Payment Instruction Confirmation. USD and CAD Treasury Trade Confirmation, Input and Clearance. The Settlements Specialist will also be involved with broker fee reconciliation and payment.

Qualifications and Skills

Bachelor’s Degree or equivalent in Accounting, Finance, Economics, or Mathematics. 1+ years of relevant Settlements experience preferred. Settlements payment investigations and Swift experience a plus. Team player ability with good analytical skills and attention to detail; time management skills and ability to multi-task in a fast-paced environment. 

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