S&T Macro Rates Trade Execution Support - Associate in London

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.

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

We’re looking for a Trade and Execution Support Associate for our Macro Rates Trade and Execution Support team in London. The role will execute bank trades and ensure transactions, associated risks and P&L are accurately represented in production systems. It will also require to provide high-quality cross-site Front Office support and act as a key interface with Middle and Back Office teams.

ESSENTIALS

• Execute permitted bank trades and run core Front Office processes, without booking client trades or running a trading book.
• Maintain accurate trade, risk and P&L records, investigate issues and prepare trade or portfolio analysis.
• Support projects, controls and process automation while coordinating with stakeholders across London, Frankfurt, New York and Hong Kong.

REQUIREMENTS

• Excellent numerical and analytical skills, with strong accuracy and attention to detail.
• Strong communication, organisation and stakeholder-management skills, including the ability to work calmly under pressure.
• Good VBA and Python coding capability, together with high standards of conduct and integrity.

The anticipated salary range for this role is £48,000 - £72,000, with the final offer determined based on the candidate’s skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision.

Business Area

The Derivative Products Group operates across London, Frankfurt, New York and Hong Kong, supporting 24-hour business-day coverage. Its principal activities include originating and trading interest-rate and currency swaps and related options, with the London team covering the UK, Europe, the Middle East and Africa. SMBC-CM is a derivatives dealer focused primarily on fixed-income and currency derivatives, including interest-rate swaps, cross-currency swaps, caps and floors, FRAs, interest-rate options, forward FX and FX options. It also trades government securities, repos and reverse repos, exchange-traded futures and options, and spot FX, mainly for hedging purposes. Within Derivatives Front Office, Trade and Execution Support performs essential Front Office responsibilities, enabling Trading and Marketing to focus on revenue generation. The five-person team works closely with Macro Rates Trading and Risk Solutions and with Product Control, Finance, Compliance, Risk Management, Reporting, Accounting and operations teams across locations.

Position Description

Reporting to the Head of Trade and Execution Support, the role is responsible for:

• Executing specific bank trades, including bond purchases for collateral, risk-transfer trades, repos for initial margin, reset runs, interdepartmental swaps, cash trades and the firm’s funding trades.
• Running Front Office processes including Trading T+1, MarkitWire support, market commentary, provision of trading models, P&L investigations, daily vega and delta risk processes, and ad hoc Prism-to-model investigations.
• Ensuring trades are accurately entered into production systems and that associated risks and P&L are correct.
• Taking on additional non-execution activities from Marketing and Trading, including production of management information, detailed risk analysis and P&L investigations.
• Preparing ad hoc trade and portfolio modelling and analysis.
• Using detailed knowledge of systems, trades and the business to respond to queries and provide technical assistance to projects on behalf of Front Office.
• Acting as the principal Front Office interface for Middle and Back Office requests.
• Establishing, running and automating processes to strengthen team controls and functionality.
• Providing clients with information on SMFG products and services, including investment products.

Knowledge, skills and experience:

• Excellent numerical and analytical skills, with the ability to assess complex financial data and large volumes of information and determine appropriate solutions.
• Strong communication skills and the ability to establish professional credibility and effective working relationships with stakeholders at all levels.
• Sound and rational decision-making, including the ability to remain calm under pressure.
• Excellent planning, organisation and coordination skills, with the ability to work to tight deadlines, manage competing priorities and adapt when required.
• Strong business understanding and commercial acumen.
• Confidence to work independently, challenge the status quo and identify innovative ways to improve processes and support the business.
• A flexible, collaborative and results-driven approach, including willingness to work the hours required by the business.
• Excellent accuracy and attention to detail, with the highest standards of conduct and integrity.
• Good VBA and Python coding capability.

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-being 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

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.