Liquidity Specialist Associate at SMBC Hong Kong Branch

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

17 Jan, 26

Salary

130000.0

Posted On

19 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Liquidity Management, Analytical Skills, Financial Markets, Collaboration, Process Improvements, Quantitative Analysis, Risk Management, Communication, Problem Solving, Contingency Funding Plan, Stakeholder Engagement, Regulatory Compliance, Technology, Data Analysis, Critical Thinking, Independent Thinking

Industry

Financial Services

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 $80,000.00 and $130,000.00. 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.Job Summary This role will be in the Liquidity Management Function, which is part of the Corporate Treasury within the SMBC Americas Division. The candidate will be part of an ongoing Treasury transformation, and drive efforts related to Position Management & Analytics across the Consolidated U.S. Operations (CUSO). Reporting to the head of Position Management and Analytics, the candidate will be expected to support building strategies to manage the liquidity positions, collaborate with Markets Treasury, Operations, Technology, Risk, and Business lines, and monitor the end-of-day liquidity position on a daily basis. The candidate will become a core member of the group and operate in an exciting, fast-paced team environment. Scope The Liquidity Management function sits in the Treasury Function of the New York Branch within the SMBC Americas division. The incumbent will support the team as an independent, critical thinker and participate in various initiatives. Additionally, the candidate will be expected to effectively collaborate with cross-functional teams, drive change, and conduct activity with a risk-owner mindset. Primary Responsibilities The job responsibilities are described herein: Support the team to monitor liquidity metrics trends and driver attribution and collaborate with business lines to understand liquidity drivers. Escalate to the team leader metric breaches set forth in the policies and procedures. Perform quantitative analyses needed for recalibration of the liquidity metrics limits/thresholds and updates/changes to the metrics framework. Produce underlying analyses and meeting materials for senior management committees and regulatory communications on liquidity position updates, liquidity metrics framework, funding strategies, etc. Support the team to conduct the annual Contingency Funding Plan ("CFP") test by performing various analyses and utilizing market/historical data and enhance the CFP as needed. Develop strong partnerships with key stakeholders to adequately understand the liquidity position, continuously identify trends/risks, and follow position escalation protocols appropriately. Support the team in any regulatory exams and addressing internal findings issued by 2nd or 3rd line of defense. Comply with the firm's code of conduct and adhere to proper controls policies and procedures which are applicable. Critical Job Knowledge and Core Competenies/Skills Ability to deliver quality results that can withstand regulatory scrutiny under pressure and a fast-moving environment Intellectually curious with strong analytical skills and functional knowledge of financial markets products. Additionally, a passion for technology and ability to automate various processes would set the candidate apart from others Ability to build engagement by consulting with and involving others across SMBC Proactively identifies process improvements and develops meaningful solutions to achieve improvements Requirements Work Experience: 2-5 years of comparable or relevant experience; Banking, Money Markets a plus Preferred Education: BA / BS (or equivalent experience) Business fluency in the following language: English Percentage of Travel Required: 0-10% 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 accommodations@smbcgroup.com.

Responsibilities

The Liquidity Specialist Associate will support the Liquidity Management Function by monitoring liquidity metrics trends and collaborating with business lines to understand liquidity drivers. The role involves conducting quantitative analyses, producing materials for senior management, and supporting regulatory exams.