Collateral Management - Derivative Operations AVP

Job description

SMBC: A trusted partner for the long term Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves. Who we are United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future. Assistant Vice President – Derivative Operations (Collateral Management) We are seeking an Assistant Vice President (AVP) to join the Derivative Operations team. The role is responsible for supporting the oversight of collateral management, portfolio reconciliation and regulatory risk mitigation activities across OTC derivatives and repo businesses. Acting as a senior member of the team, the successful candidate will provide subject matter expertise, review key operational activities, support strategic initiatives and partner with Front Office, Risk, Legal, Treasury and Technology teams to ensure robust controls, regulatory compliance and operational excellence Business Area Derivative Operations is responsible for collateral management, portfolio reconciliation, regulatory risk mitigation and derivative settlement activities across multiple SMBC entities. The team supports OTC derivatives and repo businesses through the management of contractual, regulatory and operational obligations within a robust control framework. Position Description Review and approve margin calls, collateral movements and related cash payments in line with delegated authorities. Perform oversight of portfolio reconciliations, dispute management and exception handling activities. Review CSA, GMRA and supporting documentation from an operational and collateral management perspective. Act as an escalation point for complex collateral, settlement and reconciliation issues. Provide guidance and support to junior team members and assist with knowledge sharing across the function. Support audits, regulatory reviews and management reporting requests. Contribute to process improvement initiatives, system enhancements and UAT activities. Utilise industry platforms including Colline, Acadia Margin Manager and TriOptima/TriResolve to support collateral and regulatory obligations Competencies Customer Focus Driving Change Driving Results Embraces Diversity Enterprise Leadership Judgement and Decision Making Risk Management Strategic and Visionary Trust and Integrity What we offer For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks. As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you: Hybrid and flexible working Competitive paid leave days Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services Access a wide range of learning and development opportunities and career progression opportunities Ambitious remuneration package So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!! We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested. We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.