SMBC Group
Trade Support Associate – SMBC Group
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SMBC Group is a top-tier global financial group headquartered in Tokyo. With a 400-year history and more than 80,000 employees worldwide, SMBC offers diverse financial services including banking, leasing, securities, credit cards, and consumer finance. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, one of Japan’s three largest banking groups.
The anticipated salary range for this role is between $131,000 and $200,000. The specific salary offered will be based on individual qualifications and experience.
Role Description SMBC Capital Markets, a subsidiary of Sumitomo Mitsui Banking Corporation, is an interest rates derivatives trading company based in New York City with offices in London and Hong Kong. We are a leading market‑maker in interest rates and foreign exchange.
Responsibilities
Assist traders in performing market analysis and developing trading strategies.
Book all OTC and exchange‑traded derivative trades into Capital Markets Front Office systems, ensuring completeness and accuracy.
Support a significantly sized option book by performing daily risk and P&L reconciliation and creating end‑of‑day reports for traders.
Monitor daily curves (rates, FX basis, tenor basis) and volatility (cap and swaption) calibration to ensure end‑of‑day books are marked correctly.
Run daily stress tests for the options desk and send daily reports summarizing the results along with market commentary.
Send relevant daily reports to Senior Management on the daily risk and P&L of the derivatives portfolio.
Be involved in multiple projects concerning new product types, system enhancement, audit support, etc.
Qualifications and Skills
Bachelor’s degree in finance, economics, math, engineering, or a related area.
Master’s degree in finance, economics, math, engineering, or a related area.
2–5 years’ experience working in a trade support related role, ideally in the derivatives space.
Strong analytical background and desire to learn more about financial markets.
Programming knowledge in Python or VBA is a good addition.
Hybrid Workforce and Accommodations SMBC’s employees participate in a hybrid workforce model that allows employees to work from home and from an SMBC office. Prospective candidates will learn more about their specific hybrid work schedule during the interview process. 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 accommodations@smbcgroup.com.
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SMBC Group is a top-tier global financial group headquartered in Tokyo. With a 400-year history and more than 80,000 employees worldwide, SMBC offers diverse financial services including banking, leasing, securities, credit cards, and consumer finance. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, one of Japan’s three largest banking groups.
The anticipated salary range for this role is between $131,000 and $200,000. The specific salary offered will be based on individual qualifications and experience.
Role Description SMBC Capital Markets, a subsidiary of Sumitomo Mitsui Banking Corporation, is an interest rates derivatives trading company based in New York City with offices in London and Hong Kong. We are a leading market‑maker in interest rates and foreign exchange.
Responsibilities
Assist traders in performing market analysis and developing trading strategies.
Book all OTC and exchange‑traded derivative trades into Capital Markets Front Office systems, ensuring completeness and accuracy.
Support a significantly sized option book by performing daily risk and P&L reconciliation and creating end‑of‑day reports for traders.
Monitor daily curves (rates, FX basis, tenor basis) and volatility (cap and swaption) calibration to ensure end‑of‑day books are marked correctly.
Run daily stress tests for the options desk and send daily reports summarizing the results along with market commentary.
Send relevant daily reports to Senior Management on the daily risk and P&L of the derivatives portfolio.
Be involved in multiple projects concerning new product types, system enhancement, audit support, etc.
Qualifications and Skills
Bachelor’s degree in finance, economics, math, engineering, or a related area.
Master’s degree in finance, economics, math, engineering, or a related area.
2–5 years’ experience working in a trade support related role, ideally in the derivatives space.
Strong analytical background and desire to learn more about financial markets.
Programming knowledge in Python or VBA is a good addition.
Hybrid Workforce and Accommodations SMBC’s employees participate in a hybrid workforce model that allows employees to work from home and from an SMBC office. Prospective candidates will learn more about their specific hybrid work schedule during the interview process. 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 accommodations@smbcgroup.com.
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