Banking & Commercial Loan Processing Clerk jobs in New York

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.

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 Rail Services LLC, Manufacturers Bank, 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 $76,000.00and $120,000.00. 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 Operations Group is seeking a Trade Processing Associate.

The individual hired will be primarily responsible for providing Middle Office support for USD and non-USD Fixed income and Futures products.

The role may also include opportunities to become involved in support for additional products and business lines.

This is a contract role.

Role Objectives

• Sales and Trading Support as part of the Trade Processing team in Operations for Fixed Income US and Non-US products
• Support the Settlement team for settlement related issues
• Maintain / open / close client account (and sub accounts) in Middle Office systems (BBG Toms / Impact)
• Allocate trades in Middle Office systems, book to Back Office system, and send preliminary reports
• Communication with clients for allocations and issues via email / BBG / phone
• Liaison with other branches and departments
• Other peripheral (clerical) tasks including report generation, Trade Reconciliation and Restricted Security List updates
• Cross training as a back-up support member for trade processing of other product businesses including fixed income
• Knowledge of the US Treasury auction process and WI security setup and its workflows
• Input FED Treasury Auction House Bids and Customer Bids into TAAPS for Treasury trader and Sales team.
• Review and maintain all Auction award bookings; and ensure all auctions trading books are flat
• Advise and action any discrepancies for all Federal Reserve Auction Awards
• Maintain and record all FED auctions documentation and communication for audit purposes

Qualifications and Skills

• Experience in Fixed Income products and futures
• Understanding settlement cycle in relation to DTC, FED and local market settlement
• Good Communication Skills
• Ability to multitask
• Good knowledge in Microsoft Office (Excel, Word and PDF)
• Knowledge of BBG TOMS, Omgeo CTM, Pershing, Netx360, Broadridge Impact, Collateral / Margin
• Flexibility to work as an early shift / late shift
• Flexibility to be involved in projects and learning new products and roles proactively

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.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

Last updated : 2024-04-24