About this role
<p> 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.</p> <p> </p> <p>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.</p> <p> </p> <p>The anticipated salary range for this role is between $118,000.00 and $170,000.00. 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.</p> <div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Role Description</H2> </div><div><p style="margin:0.0in;font-size:12.0pt;font-family:'Times New Roman', serif"><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">The Repo Collateral Management - Vice President leads the firm’s collateral management function for repurchase agreements, driving strategic initiatives while ensuring regulatory compliance. The VP oversees the team managing daily collateral operations, risk controls, and technology enhancements, partnering closely with Trading, Risk, Treasury, and Legal to support the firm’s financing and liquidity objectives.</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Role Objectives</H2> </div><div><p><strong><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Collateral Operations Oversight</span></strong><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Oversee daily collateral margin calls, substitutions, and settlement for bilateral, tri-party and Sponsored Repo.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Lead and help develop the Repo Collateral Management Team, setting goals, priorities and performance standards.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Drive strategic initiatives to enhance collateral optimization, funding efficiency, and operational resilience.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Collaborate with senior stakeholders across Treasury, Trading, Risk, Legal, and Technology to align collateral strategies with firm-wide objectives.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Ensure robust controls and timely resolution of breaks, discrepancies, and settlement issues.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Escalate discrepancies appropriately to the relevant internal and/or external parties. </span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Assist in ad-hoc requests related to management and investigations of operational issues. </span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Assist in monitoring process gaps and make recommendations on technological changes. </span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Participation in projects & planning related to industry initiatives and operational efficiencies</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Experience managing cross-functional projects and driving change.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Risk Management & Regulatory Compliance</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Ensure collateral management practices comply with regulatory requirements (e.g., SFTR, Basel III/IV, SEC rules).</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Oversee risk relating to collateral concentration, haircuts, margin requirements, and counterparty exposure.</span></p> <p><strong><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">Stakeholder Engagement & Communication</span></strong><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Act as a liaison with external counterparties, custodians, clearing banks, and regulators.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Communicate collateral risks and performance to senior management.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Support new product launches and business initiatives requiring collateral expertise.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Partner with Technology and Operations teams to enhance collateral management system capabilities.</span></p> <p><span style="font-size:10.5pt;font-family:Helvetica, sans-serif;color:black"><br><br></span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Role Objectives</H2> </div><div><p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Stakeholder Engagement & Communication</strong></span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Act as a liaison with external counterparties, custodians, clearing banks, and regulators.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Communicate collateral risks and performance to senior management.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Support new product launches and business initiatives requiring collateral expertise.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Partner with Technology and Operations teams to enhance collateral management system capabilities.</span></p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Technical Expertise</strong></span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Deep knowledge of repo markets, collateral types, financing structures, and tri-party platforms.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Extensive experience with collateral management systems, clearing platforms, and regulatory frameworks.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Strong understanding of margining, haircuts, eligibility rules, and settlement processes.</span></p> <p><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt"><strong>Communication & Interpersonal Skills</strong></span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Excellent verbal and communication skills, capable of influencing senior stakeholders.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Ability to manage complex relationships with internal and external partners.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Comfortable working in a fast-paced, dynamic environment.</span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Excellent analytical skills with an eye for detail and exceptional time management skills. </span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Adept at working and effectively collaborating with clients, operations, and technology teams. </span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Strong problem-solving skills to deal with complexity and respond quickly to uncertainty. </span><br><span style="font-family:arial, helvetica, sans-serif;font-size:10.0pt">•Advanced working knowledge of Microsoft Excel</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Qualifications and Skills</H2> </div><div><ul> <li style="line-height:normal;background-color:white;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:arial, helvetica, sans-serif;color:black">8+ years in repo collateral management or related financing roles, with leadership experience.</span></li> <li style="line-height:normal;background-color:white;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:arial, helvetica, sans-serif;color:black">Bachelor’s degree: Finance, Economics, Business, or related field; advanced degree preferred.</span></li> <li style="line-height:normal;background-color:white;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:arial, helvetica, sans-serif;color:black">Experience in large financial institutions, investment banks, or asset managers.</span></li> <li style="line-height:normal;background-color:white;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:arial, helvetica, sans-serif;color:black">Global collateral management experience.</span></li> <li style="line-height:normal;background-color:white;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:arial, helvetica, sans-serif;color:black">Knowledge of securities lending and financing desks.</span></li> <li style="line-height:normal;background-color:white;font-size:12.0pt;font-family:Aptos, sans-serif"><span style="font-size:10.0pt;font-family:arial, helvetica, sans-serif;color:black">Familiarity with emerging regulations and market trends affecting collateral management.</span></li> </ul></div></div></div><p>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.</p> <p> </p> <p>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 [email protected].</p>