Foreign Exchange Administrator - Analyst

The Foreign Exchange unit is a part of the Treasury Operations group within BCDAD and is responsible for the processing of all settlements, confirmations, payments and reconciliations of foreign exchange products, including spots, forwards, swaps and options transactions. This group also provides administrative support to the bank’s currency traders.

The Credit Support Annex (““CSA””) Margin Control Department is also within the Treasury Operations group, and works collaboratively with the Inter-Market Settlements Department Tokyo to complete daily margin call negotiations with counterparties. The CSA Margin Control Department is responsible for the USD collateral management for the global OTC derivatives portfolios, and also manages the USD funding and account balancing for Head Office Tokyo and other Branches’ nostro accounts located in the United States.

The position will duly support operations within the Foreign Exchange Department and the CSA Margin Control Department.

Scope

The Analyst is responsible for ensuring the accurate and timely confirmation and settlement of all foreign exchange transactions. This position is primarily transactional and requires a solid understanding of foreign exchange processes, collateral management, and established operational guidelines. The Analyst performs duties under the guidance of more senior staff.

In this role, the Analyst serves as the primary verifier of corporate customer trades and acts as the initial escalation point for related inquiries. More complex issues are escalated to the Vice President or Director as appropriate.

Additionally, the Analyst provides operational support to the Credit Support Annex (“CSA”) Margin Control team by assisting with daily variation and initial margin processing, as well as the collateral payment management. Other responsibilities include the calculation and execution of money transfers to fund Head Office Tokyo and other Branches’ USD nostro accounts.

The Analyst reports directly to the Director and has no direct or indirect reports.

Responsibilities

• Confirms and processes corporate trades; prepares payments.
• Verifies payments in Montran and SAA; rectifies errors.
• Confirms NDF, Currency Options, Arbitrage trades, and Collateral Payments.
• Monitors control procedures in CLS, non CLS and Misys matching systems.
• Investigates and resolves failed, unmatched and mismatched trades.
• Updates credit line renewal: reconciles broker fees to ensure fees are accurate and within approved credit lines.
• Submits database reports for management review.
• Generates reports in compliance with Dodd-Frank EUC requirements.
• Processes daily Variation and Initial Margin calls, and support related reporting to Head Office Tokyo.
• Calculates the funding requirements and assists in the money transfers for Head Office Tokyo and other Branches’ nostro accounts.

• Knowledge of departmental PPM and Guidelines for Foreign Exchange Trading Activities
• Knowledge of foreign exchange dealing, confirmation and settlement process
• Knowledge of payments structure through SWIFT, CHIPS, Fedwire and an understanding of CLS confirmation and settlement.
• Operational knowledge of the applications that support back-office operations (i.e., FOX, CFO/CLS, MONTRAN, Comfort, etc.).
• Ability to manage and meet intra-day and end-of-day deadlines and complete work accurately.
• Excellent verbal, written and interpersonal communication skills.
• High level customer service mindset with a commitment to supporting both internal and external stakeholders.
• Ability to interact with staff cross-departmentally to correct problems on a timely basis.
• 2 to 5 years of specialized experience in Financial Services
• Experience working in a back office operations team in a bank of financial institution.
• BA / BS (or equivalent experience) preferred
• Software Systems / Programming Languages: FOX, CFO/CLS, Montran, Comfort, SAA, other trading platforms confirmation modules; MS Office (MS Word, MS Excel, MS PowerPoint), SharePoint

The anticipated salary range for this role is between $67,000.00 and $80,000.00. 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.

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.