Derivative Settlements and Confirmations AVP
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
Hiring manager to edit here:
Is the next step in your career at SMBC Group EMEA? We’re looking for a Derivative Settlements and Confirmations AVP for our Derivative Operations section to join our team.
Business Area
This role sits within Derivative Operations servicing post-trade operations of Derivative and FX activity across a number of SMBC entities
Position Description
Derivative Settlements and Confirmations AVP
Responsible for the timely settlement of derivative products including Rate Swaps, Cross Currency Swaps, Caps/Floors, Inflation Swaps and FX trades across Bank and Capital Markets entities mitigating settlement risk.
Provide support for Derivative trade confirmation flow for Bank entities. Actioning and completing Long Form and ISDA confirmations via paper and Markitwire in a timely and accurate manner.
Plays a key role to ensure BAU and other daily team tasks are completed accurately, on time and to the expected standards in accordance with operational procedures. Escalates issues and challenges, reports routinely and updates management promptly.
Provide support to the Team Leader and deliver key services to front office stakeholders and outsourced locations in EMEA division.
Create, check and agree rate reset notices with external customers.
Monitor necessary payment queues in internal systems and SAA and take appropriate action to ensure payments are released.
Collaborates with and supports the team to meet customer needs, team objectives and ad hoc tasks within defined timeframes.
Experience of derivatives settlements business to include Interest Rate Swaps, Cross Currency Swaps, Caps/Floors, Inflation Swaps & FX Options required
Experience of drafting and matching derivative confirmations and an understanding and knowledge of the ISDA Definitions for rates derivatives products required
Ability to draft bespoke language for non-standard products in line with the applicable ISDA Definitions required
Candidate must be able to adapt to continually changing regulatory environment for derivatives business, be determined to continually challenge the status quo of existing processing methods whilst recognising the need to ensure control is maintained and client experience enhanced.
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.