Location: New York,NY, USA
Associate, CUSO Treasury Operations
Job Level: Associate
Job Function: Business Operations
Location:
New York, NY, US, 10172
Employment Type: Full Time
Requisition ID: 4075
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 $77,000.00 and $120,000.00. 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
Prepare periodic forecasting on cash and liquidity balances working with information provided throughout the organization. Prepare position reports, reconciliations and transactional data for accounting, compliance, risk and operational units. Make cash payments and deposits, monitor and reconcile bank accounts and manage banking relationships. Analyze liquidity and investment needs over various scenarios, and create an overall liquidity management and capital management strategy.
Role Objectives: Delivery
Prepare periodic forecasting on cash / liquidity balances working with information provided throughout the organization. Prepare position reports, reconciliations and other accounting, risk and compliance support. Make cash payments and deposits including FX translations. Populate / update treasury models including cash forecasts, liquidity / capital requirements and cost of capital models. Analyze variances and tune based on new input. Prepare investor pitches and information for underwriters, Prepare quarterly debt compliance reports and ensure compliance with debt covenants. Monitor payments and key dates. Prepare support for information requests from underwriters, rating agencies and other capital providers. Monitor credit facilities such as single- and multi-asset-backed facilities, collateral-based loan obligations, subscription financing and other similar vehicles. Perform regulatory risk monitoring activities such as AML / KYC, liquidity testing and capital adequacy testing. Prepare performance reporting against established benchmarks.
Role Objectives: Interpersonal
Develop relationships with finance and client-facing units to understand liquidity and financing needs and to improve information flow reducing reconciliations and processing time. Network within the industry through meetings, events and involvement with trade organizations to learn about different funding avenues and vehicles. Establish relationships with risk management to improve information flow. Support long- and short-term planning, new product development, ALM and risk management, strategy setting and board committees. Develop relationships with other finance units and IT to improve workflow.
Role Objectives: Expertise
Develop an understanding of legal, settlement and accounting issues associated with funding and cash management transactions to facilitate their execution and recording. Display a basic knowledge of the markets to assist with funding and cash management operations. Develop a working knowledge of underwriter and rating agency grading components and regulatory concerns to create comparative advantage and avoid compliance issues. Utilize basic information technology skills to better gather data and prepare analysis. Demonstrate solid analytical / quantitative skills to create meaningful analysis. Communicate analytical and marketing data effectively. Have a basic understanding of risk management to help ensure performance is consistent with risk profile.
Qualifications and Skills
Recommended years of experience: 3
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.
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 ...@smbcgroup.com.
Nearest Major Market: New York City