Repo Collateral Management- Vice President

SMBC Group; City of White Plains (NY); Hybrid; USD 118,000 - 170,000; Full time

Benefits offered by this job

Competitive portfolio of benefits

Annual discretionary incentive award

Job summary

SMBC Group is looking for a Vice President in Repo Collateral Management based in White Plains, NY. This role involves leading the collateral management function for repurchase agreements, ensuring compliance with regulatory requirements, and collaborating with key stakeholders. Candidates should have over 8 years of experience in collateral management roles, a bachelor's degree in finance or related fields, and strong analytical and communication skills. The position offers a competitive salary range of $118,000.00 to $170,000.00 along with a hybrid work model.

Qualifications

• 8+ years in repo collateral management or related financing roles, with leadership experience.
• Experience in large financial institutions, investment banks, or asset managers.
• Global collateral management experience.

Responsibilities

• Lead the collateral management function for repurchase agreements.
• Oversee daily collateral margin calls and settlements.
• Collaborate with senior stakeholders to align collateral strategies with objectives.

Skills

Repo collateral management

Leadership experience

Communication skills

Analytical skills

Education

Bachelor’s degree in Finance, Economics, Business, or related field

Advanced degree preferred

Tools

Microsoft Excel

Collateral management systems

Job description

SMBC Group is a top-tier global financial group headquartered in Tokyo with a 400-year history that offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru.

The anticipated salary range for this role is between $118,000.00 and $170,000.00. 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

Repo Collateral Management – Vice President leads the firm’s collateral management function for repurchase agreements, driving strategic initiatives while ensuring regulatory compliance. The VP oversees the team managing daily collateral operations, risk controls, and technology enhancements, partnering closely with Trading, Risk, Treasury, and Legal to support the firm’s financing and liquidity objectives.

Collateral Operations Oversight

• Oversee daily collateral margin calls, substitutions, and settlement for bilateral, tri‑party, and Sponsored Repo.
• Lead and help develop the Repo Collateral Management Team, setting goals, priorities, and performance standards.
• Drive strategic initiatives to enhance collateral optimization, funding efficiency, and operational resilience.
• Collaborate with senior stakeholders across Treasury, Trading, Risk, Legal, and Technology to align collateral strategies with firm‑wide objectives.
• Ensure robust controls and timely resolution of breaks, discrepancies, and settlement issues.
• Escalate discrepancies appropriately to the relevant internal and/or external parties.
• Assist in ad‑hoc requests related to management and investigations of operational issues.
• Assist in monitoring process gaps and make recommendations on technological changes.
• Participate in projects and planning related to industry initiatives and operational efficiencies.
• Experience managing cross‑functional projects and driving change.

Risk Management & Regulatory Compliance

• Ensure collateral management practices comply with regulatory requirements (e.g., SFTR, Basel III/IV, SEC rules).
• Oversee risk relating to collateral concentration, haircuts, margin requirements, and counterparty exposure.

Stakeholder Engagement & Communication

• Act as a liaison with external counterparties, custodians, clearing banks, and regulators.
• Communicate collateral risks and performance to senior management.
• Support new product launches and business initiatives requiring collateral expertise.
• Partner with Technology and Operations teams to enhance collateral management system capabilities.

Technical Expertise

• Deep knowledge of repo markets, collateral types, financing structures, and tri‑party platforms.
• Extensive experience with collateral management systems, clearing platforms, and regulatory frameworks.
• Strong understanding of margining, haircuts, eligibility rules, and settlement processes.

Communication & Interpersonal Skills

• Excellent verbal and communication skills, capable of influencing senior stakeholders.
• Ability to manage complex relationships with internal and external partners.
• Comfortable working in a fast‑paced, dynamic environment.
• Excellent analytical skills with an eye for detail and exceptional time‑management 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.
• Advanced working knowledge of Microsoft Excel.

Qualifications & Skills

• 8+ years in repo collateral management or related financing roles, with leadership experience.
• Bachelor’s degree in Finance, Economics, Business, or related field; advanced degree preferred.
• Experience in large financial institutions, investment banks, or asset managers.
• Global collateral management experience.
• Knowledge of securities lending and financing desks.
• Familiarity with emerging regulations and market trends affecting collateral management.

SMBC’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 [e-mail].