Trading and Risk Control Analyst Job at Sumitomo Mitsui Banking Corporation, New York, NY

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  • Sumitomo Mitsui Banking Corporation
  • New York, NY

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 $95,000.00 and $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

Oversee and review accuracy of fixed income traded executions. Make trade recommendations, offer ways to reduce transaction costs, and handle remedies for any errors uncovered. Communicate with middle office regarding trade reconciliation issues. Review transaction cost analysis to ensure quality control, proof for errors and help identify data trends for next level review.

Role Objectives: Delivery

Help ensure accuracy of fixed income trade executions (i.e., trade reconciliation reports, audits, etc.), assist in day-to-day administrative issues / transactions (i.e., pre-trade and post-trade spot checks) in support of trading and trading operations. Effectively communicate with middle office regarding trade reconciliation issues (i.e., trade errors, account discrepancies, etc.). Prepare transaction cost analysis (TCA) by collecting and synthesizing the required data into proper reporting / analytics. Support legal and compliance teams (i.e., provide reporting and/or documentation as required) with regulations and/or internal policies. Respond to ad-hoc requests for information from operations, technology and sales (i.e., cyber security, commission runs, best execution audits, etc.).

Role Objectives: Interpersonal

Develop partnerships with trading team members by proactively communicating news, updates on orders, displaying agility to fluctuations in the market and the ability to support competing priorities / team members. Work with senior trading assistant and/or junior traders by resolving basic inquiries / issues, organizing incoming orders, research and other opportunities to help support the overall desk. Work with compliance, legal and risk management to broaden working knowledge of market trends, risk / regulatory framework and to strengthen troubleshooting abilities and help expedite resolution of potential issues in real-time.

Role Objectives: Expertise

Demonstrate a foundational understanding of fixed income (and equity) markets along with demonstrating project / task management skills to balance multiple priorities. Demonstrate technical acumen in Microsoft Excel, Power Point and other pertinent data / presentation tools to help support overall desk needs. Demonstrate familiarity with trading algorithms / systems (Charles River, Bloomberg, Tradeweb, Neptune, etc.), security pricing data and news providers to help and improve trade execution and reduce costs. Leverage research to help promote idea flow for major institutional clients and ongoing product support and updates. Partner with risk management to improve portfolio risk assessment.

Qualifications and Skills

Recommended years of experience: 0

Additional Requirements

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.

Job Tags

Full time, Work at office, Local area, Work from home, Worldwide,

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