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SMBC Group · 2 days ago

Trade Support Associate

New York, NY

Full-time

Hybrid

Entry, Mid Level

$131K/yr - $200K/yr

2+ years exp

SMBC Group is a top-tier global financial group offering a diverse range of financial services. The Trading group in Capital Markets is seeking a highly motivated Trade Support Associate to assist traders, perform market analysis, and support daily operations on the interest rate derivative trading floor.

AdviceBankingFinancial Services

H1B Sponsor Likely

Responsibilities

This is a challenging role in which a motivated joiner will be able to contribute within a few days

Assist traders in performing market analysis and analyze trading strategies

Booking of all of OTC and exchanged traded derivative trades into Capital Markets Front Office systems and ensuring completeness and accuracy of all booking

Capital Markets has a significantly sized option book that the joiner might support in daily risk and PnL (Profit & Loss) reconciliation and create EOD reports for traders

Monitor daily curve (rates, FX basis and tenor basis curves) and volatility (cap and swaption) calibration to ensure EOD books are marked correctly

Run daily stress tests for the options desk and send out daily reports summarizing the results, along with market commentary

Work with middle and back office groups to resolve any portfolio discrepancies and making improvements to daily processes

Sending relevant daily reports to Senior Management on the daily risk and p&l of the derivatives portfolio

Be involved in multiple projects concerned with new product types, system enhancement, audit support etc

Qualification

Trade support experienceAnalytical skillsFinancial markets knowledgePythonVisual Basic (VBA)Bachelor’s degreeMaster’s degree

Required

Bachelor's degree in finance / Economics / Math / Engineering, or a related area required

Master's degree in finance / Economics / Math / Engineering, or a related area required

Ideal candidate has 2-5 years' experience working in a trade support related role, ideally in the derivates space

Strong analytical background and desire to learn more about financial markets in general

Preferred

Programming knowledge in Python, Visual Basic (VBA) is a good addition

Benefits

Annual discretionary incentive award

Competitive portfolio of benefits

Company

SMBC Group

Glassdoor3.5

SMBC Group is a top-tier global financial group.

Founded in 1590

New York, New York, USA

10001+ employees

https://www.smbcgroup.com/americas

H1B Sponsorship

SMBC Group has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (160)

2024 (87)

2023 (73)

2022 (44)

2021 (29)

2020 (26)