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 $250,000.00 and $260,000.00. 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

Execute assigned trades that may include derivatives of bonds, notes, currencies, or fixed income-linked securities. Communicate with trading counterparts at asset management firms and hedge funds with respect to market news, firm research, order instructions, liquidity availability, etc. to improve decision-making and performance and reduce trading costs. Contribute to transaction cost analysis to best execute fixed income derivate trades.

Role Objectives: Delivery

Execute assigned trades that may include derivatives of bonds, notes, currencies, or fixed income-linked securities. Model, quantify, and price valuation adjustments, along with executing the necessary hedges across multiple financial markets. Proactively communicate with trading counterparts at asset management firms and hedge funds with respect to market news, firm research, order instructions, liquidity availability and changing market conditions to drive improved decision making, increase performance and reduce trading costs. Contribute to transaction cost analysis (TCA) and use data findings to provide insights to contribute to best execution of fixed income trades. Develop and maintain essential external relationships (i.e., IOI firms) to find new sources of liquidity, including alternative trading systems and other IOI / block trading offerings, and tools to improve execution (i.e., speed and price). Work with legal and compliance teams on regulatory environment 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

Build relationships with trading counterparts at buy-side firms by demonstrating experience in identifying risks and opportunities, proactively communicate news, updates on orders and changing market conditions. Work with the broader team to effectively handle incoming orders, research and opportunities to efficiently execute orders. Collaborate with cross-functional teams and technology to discuss and assess in-house trading technologies / systems / software, algorithms, etc. to execute simultaneous orders and mitigate risk. Work with compliance, legal, risk management regarding regulatory issues such as best execution reviews, no-knowledge exceptions and riskless principal exceptions.

Role Objectives: Expertise

Demonstrate experience across bonds, notes or fixed income-linked securities, navigating market volatility to capture trading alpha, accessing liquidity in a timely manner and reducing trading costs. Utilize advanced certifications (i.e., CIMA) and/or degrees (MBA). Possess the required FINRA securities licensing registrations (i.e., Series 7, 24, 57, 63 etc.) and associated continuing education requirements. Demonstrate strong knowledge of firm's trading algorithms / systems (Charles River, Bloomberg, Tradeweb, Neptune, AlgoMeAlpha, etc.), security pricing data and news providers, liquidity sources, brokerage firms and other supporting vendors in an effort to maximize tools, improve trade execution timing, overcome liquidity constraints and reduce costs. Develop and/or uncover new tools, methodologies and firms to improve execution and alpha generation for proprietary strategies. Analyze trades against VWAP. Leverage research to help promote idea flow for major institutional clients and ongoing product support and updates. Partner with risk management team to improve portfolio risk assessment. Demonstrate a solid understanding of the firm's regulatory framework and be conversant in internal policies and processes.

Qualifications and Skills

Recommended years of experience: 10

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

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.