Trading Risk and Control, Analyst

SMBC Group; New York (NY); Hybrid; USD 100,000 - 110,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

SMBC Group’s Capital Markets unit in New York City seeks a Trading Risk & Control Analyst to begin a career in an active derivatives trading environment. The role covers interest rate and FX derivatives, with exposure to swaps, options, and other products across major currencies.

You will contribute to daily valuation, risk analysis, and ad-hoc tooling for traders. Applicants should have a quantitative degree and 2+ years in financial services, strong Excel/VBA skills, and solid communication

Qualifications

• Undergraduate or Master’s Degree in Financial Engineering, Finance, Computer Science or related quantitative/analytical field with a minimum 2+ years of work experience in financial services
• Excellent communication skills with good teamwork and a strong work ethic
• Meticulous attention to detail and constant accountability
• Comfortable with Excel and VBA
• Knowledge of Fixed Income

Responsibilities

• Daily input of market parameters like swap rates, spreads, cap/floor and swaption vols, prices of exchange traded securities of more than 25 currencies required for the daily valuation of the derivatives portfolio
• Daily valuation of the CM derivatives portfolio, including production of greeks, mark to markets, and pnl attribution
• Validate the accuracy of all market input parameters used for revaluation
• Communicate with middle office regarding trade reconciliation issues
• Accurately book all CM derivate trades in respective trading systems
• Conduct daily risk and PL analysis and report to Senior Management
• Build ad-hoc tools and analysis for traders to help management of derivative portfolio
• Support the rollout of new products and trading strategies

Skills

Communication

Teamwork

Attention to detail

Fixed Income knowledge

Education

Bachelor's or Master's in Financial Engineering/Finance/related quantitative field

Tools

Excel

VBA

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 $100,000.00and $110,000.00. 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. (CM) 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 CM 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.

The Trading Risk & Control group in Capital Markets is seeking a highly motivated candidate who wants to begin their career in an interest rate derivative trading floor. This Analyst position is part of the trading group and coverage includes products in all major currencies which will provides unique opportunities to learn all aspects of trading interest rate derivatives. Given the small size of the trading group, you will be working on a wide-range of derivatives simultaneously, such as swaps, options, FX and credit products.

Responsibilities

• Daily input of market parameters like swap rates, spreads, cap/floor and swaption vols, prices of exchange traded securities of more than 25 currencies required for the daily valuation of the derivatives portfolio.
• Daily valuation of the CM derivatives portfolio, including production of greeks, mark to markets, and pnl attribution.
• Validate the accuracy of all market input parameters used for revaluation.
• Communicate with middle office regarding trade reconciliation issues.
• Accurately book all CM derivate trades in respective trading systems.
• Conduct daily risk and PL analysis and report to Senior Management.
• Build ad-hoc tools and analysis for traders to help management of derivative portfolio.
• Support the rollout of new products and trading strategies.

Role Objectives: Interpersonal

• This role will interact with a larger team which includes financial analysts, quants, and traders.
• Solve problems quickly and independently under pressure.
• Handle multiple projects at the same time.
• Proactively investigate and resolve trade discrepancies

Qualifications and Skills

• Undergraduate or Master’s Degree in Financial Engineering, Finance, Computer Science or related quantitative/analytical field with a minimum 2+ years of work experience in financial services
• Excellent communication skills with good teamwork and a strong work ethic.
• Meticulous attention to detail and constant accountability
• Comfortable with Excel and VBA
• Knowledge of Fixed Income

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].