Head of Settlements, Middle Office

 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 $186,000.00 and $210,000.00. 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

SMBC Nikko Securities America, Inc. is a member of the Sumitomo Mitsui Financial Group (SMFG), one of the world's largest global financial institutions. Based in New York City, we are an SEC registered Broker dealer that provides financial products and services to global institutional clients, focusing on North America and Latin America.

The Securities Operations Group within SMBC Nikko Securities America, Inc. is in the process of establishing Middle Office and Settlements functions in our Charlotte location as the foundation for business continuity per Primary Dealer requirements. The Head of Middle Office and Settlements will be responsible for overseeing the day-to-day operations of the Charlotte based Fixed Income Middle Office and Securities Settlements functions. Reporting directly to the Head of Securities Operations in New York, this will be an extension of the broader New York based Securities Operations team. The role will support the Head of Securities Operations to ensure seamless Operational support model between the New York and Charlotte offices.
 

*Role will sit in our Charlotte office*

Role Objectives

• Supervise and ensure execution of day-to-day operational activities across Charlotte based Middle Office and Settlements
• Establish business continuity model to support US Treasury Auction processes
• Establish policies and procedures with respect to daily functions
• Work with relevant stakeholders (including but not limited to Front Office, Technology, Compliance, Risk) to deliver against targeted business strategies and initiatives
• Identify opportunities for process enhancement and efficiencies
• Lead department through internal and external reviews
• Perform ad-hoc requests and other duties as assigned

Qualifications and Skills

• 7+ years of experience in Financial Services with strong understanding of US Treasury Auction, Fixed Income, Futures and Equity products
• 5+ years of management experience
• Bachelor’s Degree or equivalent
• FINRA Series 99 License or equivalent required
• Knowledge of Bloomberg TOMS, Omgeo, Pershing, Netx360, or Broadridge Impact is a plus
• Strong interpersonal skills
• Strong communication skills (written and verbal)
• Ability to work in a matrix environment
• Ability to multitask and deliver high quality results in a fast-paced environment

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