Collateral and Settlements Associate - Derivative Ops
London, LND, GB, E14 9JY
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
Who we are
United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.
Role Summary
Is the next step in your career at SMBC Group EMEA? We’re looking for a Collateral and Settlements Associate for our Derivative Operations team to join our team.
The role will provide support to the daily activities of the Collateral Management and Settlements functions of the Derivative Operations space- ensuring margin calls are actioned in an accurate and timely manner, portfolio reconciliation activity completed and margin/derivative trade cash flows are settled on time.
Candidate would require a can-do attitude and a willingness to learn all facets of Collateral Management and Derivative Settlements
Candidate should have entry level experience of either Collateral Management across a Repo/OTC background or derivative settlement flow- ideally entry level experience in both fields.
Business Area
This role sits within the Derivative Operations section, whose responsibilities include Collateral Management, Confirmations and Settlement of derivative and FX trades
Position Description
Counterparty Onboarding & Margining
- Support the operational onboarding of new GMRA/CSA counterparties, ensuring all margining processes are in place.
- Execute daily margin calls, ensuring accuracy and timeliness in line with contractual terms.
- Maintain records of margin movements and ensure proper documentation is retained for audit and compliance purposes.
Reconciliation & TriOptima Management
- Perform manual and automated reconciliations of margin and collateral positions, including use of TriOptima where applicable.
- Investigate and resolve breaks or discrepancies in margin and collateral data.
- Ensure reconciliations are completed within agreed timelines and escalate unresolved items appropriately.
Derivative Settlements
- Reconcile and settle derivative trade cash flows and associated CSA/GMRA margin payments
- Monitor settlement status and ensure timely resolution of any fails or mismatches.
- Liaise with internal teams and external parties to resolve interest-related queries.
Payments Processing
- Ensure all payments are executed accurately and within cut-off times.
- Maintain strong controls around payment approvals and confirmations.
Inbox & Query Management
- Manage a high volume of emails and queries from new and existing GMRA and ISDA counterparties.
- Prioritise and respond to queries in a timely and professional manner.
- Escalate complex or high-risk issues to appropriate stakeholders.
Risk & Control
- Adhere to internal control frameworks and contribute to a strong risk culture.
- Identify process gaps or inefficiencies and propose improvements.
- Support audit and compliance reviews by providing required documentation and explanations.
Stakeholder Collaboration
- Work closely with Legal, Risk, Treasury, and Front Office teams to support ISDA/GMRA activity
- Build strong relationships with external counterparties to ensure smooth operational flows.
- Provide regular updates to management on volumes, issues, and performance metrics.
What we offer
For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.
As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:
- Hybrid and flexible working
- Competitive paid leave days
- Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
- Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
- Access a wide range of learning and development opportunities and career progression opportunities
- Ambitious remuneration package
So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.
We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.