Securities Analyst

SMBC Group; City of White Plains (NY); Hybrid; USD 67,000 - 80,000; Full time

Job summary

SMBC Group is a leading global financial group offering a wide range of services. The Securities unit, part of Treasury Operations, handles confirmation, settlement, clearance and reconciliation of securities transactions worldwide.

The Analyst verifies processing work, supports senior staff, and ensures accurate trade information and timely settlement. A BA/BS in accounting/finance is preferred, with strong analytical skills and a customer-service mindset.

Qualifications

• 2–5 years experience in securities processing for a bank or financial institution.
• BA/BS in Accounting, Finance or related discipline is preferred.
• Strong knowledge of settlement and confirmation processes in securities.

Responsibilities

• Verify and check the work of processing specialists; act as a primary verifier of securities transactions.
• Prepare and input settlement instructions for timely processing.
• Reconcile outstanding items and ensure trades are settled.
• Generate quarterly position and audit reports for management review.
• Generate monthly reports to comply with JSOX requirements.

Skills

Analytical skills

Communication skills

Time management

Self-starter

Ownership

Problem solving

Education

BA/BS in Accounting or Finance

Tools

OBS

Montran

SAA

Fedwire

BONY-BDC

AccessEdge

JPMRepo Edge

Citidirect for Securities

DTCC RTTM

CFM

MS Office

SharePoint

Job description

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SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group 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, which is 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. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $67,000.00and $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.

Role Description

The Securities unit is a part of the Treasury Operations group within BCDAD and is responsible for the confirmation, settlement, clearance and reconciliation of securities transactions executed by the bank’s domestic and global offices. Products include certificates of deposit, commercial paper, treasury bills, treasury bonds, tri-party repos and mortgage backed securities and other bank booked bonds, stocks and funds.

Scope:

The Analyst is responsible for verifying and checking the work of the processing specialists. This individual is an emerging subject matter expert whose role is primarily transactional. Executes duties of varying degrees of complexity under the supervision of senior staff. Is the primary verifier of securities transactions and acts as 2nd level point of escalation for internal and external inquiries. Reports to the Department Head. Number of direct reports: none. Number of indirect reports: none.

Role Objectives: Delivery

• Confirms that trade information and settlement instructions for certificates of deposit, commercial paper , tri-parties, Tokyo trades and other securities is accurate.
• Prepares and inputs settlement instructions for timely and efficient processing.
• Reconciles outstanding items; ensures trades are settled.
• Generates quarterly position and audit reports for management review.
• Generates monthly reports in compliance with JSOX requirements.
• Researches and resolves ad hoc issues and questions.

Qualifications and Skills

• 2 to 5 years experience working in a securities processing role for a bank or financial institution.
• BA / BS (or equivalent experience) in Accounting, Finance or related discipline is preferred.
• OBS, Montran, SAA, Fedwire, BONY-BDC, AccessEdge, JPMRepo Edge, Citidirect for Securities, DTCC RTTM and CFM, MS Office (MS Word, MS Excel, MS PowerPoint), SharePoint
• Able to work well autonomously and be a complete self-starter.
• Functional knowledge of confirmation and settlement process.
• Functional knowledge of payments structure through various settlement methods.
• Operational knowledge of the applications that support back office operations (i.e.,BONY-BDC, Accessedge OBS, MONTRAN, etc..).
• Ability to set priorities, manage time effectively, meet deadlines and complete work accurately.
• Excellent verbal, written and interpersonal communication skills.
• High level customer service mindset with a commitment to supporting both internal and external stakeholders.
• Demonstrated focus on ownership, follow-up and relationship management.
• Strong analytical, critical thinking and problem resolution skills.

Additional Requirements

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].