Global Markets Business Management - Assistant Vice President

SMBC Group; Greater London; On-site; GBP 85,000 - 120,000; Full time

Benefits offered by this job

Hybrid and flexible working

Private medical insurance

Life and invalidity insurance

Learning and development opportunities

Diversity and Inclusion

Job summary

SMBC Group in London seeks an experienced professional to deliver high-quality day-to-day derivatives trade management within the Middle Office. You will ensure accuracy, timeliness, and adherence to SLAs, while maintaining robust controls and standardized procedures across the team.

The role focuses on daily BAU delivery, monthly reporting cycles, and quarterly control processes, with strong emphasis on data integrity, governance, and regulatory alignment.

Qualifications

• Knowledge of derivative trade lifecycle and Middle Office BAU processes.
• Experience in a controlled environment with policy adherence.
• Proven ability to manage high-volume, time-sensitive BAU activities with accuracy.
• Experience with trade validation, controls checks and operational reporting.
• Strong attention to detail and ownership of data quality.
• Ability to document procedures clearly and effectively.
• Excellent stakeholder engagement across Front Office and control functions.
• Advanced Excel skills, including VBA development and MI/reporting capability.

Responsibilities

• Execute daily BAU derivative trade management activities to a high standard, ensuring accuracy and SLA adherence.
• Perform control checks on trade booking and lifecycle events, validating alignment to terms and maintaining audit trails.
• Manage non-economic trade updates (e.g., CUSIP/ISIN changes) and ensure accurate downstream reporting.
• Oversee overnight MO/BO processes, investigate breaks and escalate as needed.
• Deliver recurring BAU reporting including trade volumes, Best Execution, TPRM, and fee calculations.
• Produce ad hoc MI and analysis for Front Office and control functions.

Skills

Derivative lifecycle

Middle Office

Excel VBA

Stakeholder engagement

Data quality

Controls & governance

Attention to detail

Job description

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SMBC: A trusted partner for the long term

Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Role Summary

Deliver high-quality day-to-day derivatives trade management services, ensuring accuracy, timeliness, and consistency across all BAU processes. Ensure adherence to established control frameworks, policies, and procedures, safeguarding the integrity of trade data, reporting, and downstream impacts. Enable efficient front-to-back operations by maintaining robust oversight of trade lifecycle activities and resolving issues within defined risk tolerances. Success is demonstrated through consistent delivery to SLA, strong control outcomes, and well-maintained, standardised operational procedures across the team.

Business Area

The role operates within Derivatives Trade Management in the Middle Office function, supporting Front Office trading desks and collaborating closely with Treasury, Finance & Control, and COO teams. It integrates across EMEA and global operations to deliver consistent, controlled BAU services aligned with enterprise policies and regulatory expectations. The role plays a key part in ensuring operational stability, standardisation, and control discipline across derivative processes.

Position Description

• Geographic Scope:London-based role with interaction across multiple EMEA offices and derivative trading teams
• Financial Exposure:No direct budget responsibility; activities support control over derivative P&L, fee calculations (IMA, SMVA, FFT), and exposures linked to significant trading volumes
• Team Size / People Impact:Individual contributor within a broader Middle Office team; contributes to alignment and consistency across peers
• Time Horizon:Focus on daily BAU delivery, monthly reporting cycles, and quarterly control processes
• Regulatory Impact:Activities subject to PRA/FCA oversight, internal audit, and risk governance frameworks
• Execute daily BAU derivative trade management activities to a high standard, ensuring completeness, accuracy, and adherence to defined SLAs
• Ensure all processes are performed in line with established policies, control frameworks, and regulatory requirements, escalating exceptions where risk thresholds are breached
• Perform control checks on trade booking and lifecycle events, validating alignment to approved terms and maintaining strong audit trails
• Manage non-economic trade updates (e.g., CUSIP/ISIN changes), ensuring data integrity and accurate downstream reporting, including TTR support
• Run and oversee overnight MO/BO processes, validating outputs, investigating breaks, and ensuring timely resolution or escalation
• Deliver recurring BAU reporting including trade volumes, Best Execution, TPRM, and fee calculations (IMA, SMVA, FFT), ensuring accuracy and consistency
• Produce ad hoc MI and analysis to support operational oversight and decision-making within Front Office and control functions
• Support UAT activities by executing trade booking and lifecycle scenarios, ensuring BAU processes are accurately reflected in system enhancements
• Maintain, review, and enhance desk top procedures, ensuring they are current, comprehensive, and aligned to actual practices and control requirements
• Drive consistency and alignment across the team by standardising processes, controls, and documentation
• Identify process inefficiencies or control gaps within BAU activities and implement improvements to enhance robustness and efficiency

Skills:

• Strong understanding of derivative trade lifecycle and Middle Office BAU processes
• Experience operating within a controlled environment with strict adherence to policies and procedures
• Proven ability to manage high-volume, time-sensitive BAU activities with accuracy and discipline
• Experience with trade validation, control checks, and operational reporting
• Strong attention to detail and ownership of data quality and process integrity
• Ability to maintain and document procedures clearly and effectively
• Strong stakeholder engagement skills across Front Office and control functions
• Advanced Excel skills, including VBA development, and strong MI/reporting capability

Customer Focus

Driving Change

Driving Results

Judgement and Decision Making

Strategic and Visionary

Trust and Integrity

What we offer

For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:

• Hybrid and flexible working
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
• Access a wide range of learning and development opportunities and career progression opportunities

So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team.

We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.

We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.

About SMBC

A trusted partner for the long term
United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, we deliver a full suite of corporate finance products and solutions to our customers, including corporate, structured and trade finance, leveraged finance, loan market and treasury products. We can also provide investment banking and advisory services and a range of innovative solutions in global capital markets.
Find out more about what we do and who we are at https://www.smbcgroup.com/emea/careers