Trading Risk and Control Associate

SMBC; New York (NY); Hybrid; USD 135,000 - 160,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

SMBC Group, a leading global financial institution, is seeking a skilled candidate for a Trading Risk & Control role in the Capital Markets division. The position focuses on interest rate derivatives across major currencies, offering opportunities to work on a diverse set of products including swaps, options, FX, and credit instruments.

The candidate will engage in daily MTM, greeks, and PnL attribution, contribute to monthly valuation analyses, and collaborate with analysts, quants, and

Qualifications

• Bachelor’s or Master’s in Financial Engineering, Finance, Computer Science or related quantitative/analytical field
• Minimum 5 years of work experience in Fixed Income
• Deep understanding of greeks, mark to markets, and pnl attribution
• Meticulous attention to detail and constant accountability
• Excellent communication skills with good teamwork and a strong work ethic
• Proficiency in Python, Excel VBA programming language

Responsibilities

• Understand global financial markets, follow market movements and comprehend the impact of on the portfolios
• Deep understanding of interest rates derivatives valuation and market risk, understanding of key valuation approaches and models
• Mark the curves which will be used in calculating daily MTM and ensure that all the market input parameters are accurate
• Daily valuation of the CM derivatives portfolio, including production of greeks, mark to markets, and pnl attribution
• Undertake monthly valuation analysis using externa data source and internal models
• Enhance and streamline of existing working processes

Skills

Fixed Income

Greeks & PnL

Python

Excel VBA

Communication

Education

Bachelor's or Master's in Financial Engineering/Finance/CS

Tools

Python

Excel VBA

Job description

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 $135,000.00and $160,000.00. 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 Trading Risk & Control group in Capital Markets is established under Sales and Trading to ensure proper trading support and smooth operations. It is seeking a highly motivated candidate who wants to build their career in an interest rate derivative trading floor. This position is part of the trading group and coverage includes products in all major currencies which will provides unique opportunities to get exposure to 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.

• Understand global financial markets, follow market movements and comprehend the impact of on the portfolios
• Deep understanding of interest rates derivatives valuation and market risk, understanding of key valuation approaches and models
• Mark the curves which will be used in calculating daily MTM and ensure that all the market input parameters are accurate
• Daily valuation of the CM derivatives portfolio, including production of greeks, mark to markets, and pnl attribution
• Undertake monthly valuation analysis using externa data source and internal models
• Enhance and streamline of existing working processes

Role Objectives: Delivery

• 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

• Bachelor's or Master’s Degree in Financial Engineering, Finance, Computer Science or related quantitative/analytical field
• Minimum 5 years of work experience in Fixed Income
• Deep understanding of greeks, mark to markets, and pnl attribution
• Meticulous attention to detail and constant accountability
• Excellent communication skills with good teamwork and a strong work ethic
• Proficiency in Python, Excel VBA programming language

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].