Job Information
SMBC FX Sales - Analyst in New York, New York
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 Rail Services LLC, Manufacturers Bank, 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 $100,000.00 and $110,000.00. 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
Entry-level analyst to assist the Foreign Exchange Sales & Marketing desk covering North American Corporate clients. The candidate will support a team of senior salespeople in marketing FX products and providing clients with solutions which help them meet their risk management goals. Additionally, they will participate in all phases of the client trade life cycle from company research, onboarding, preparation and delivery of marketing materials, pre-trade modeling, live trade execution, and post trade support.
Role Objectives: Delivery
Prepare marketing materials on FX markets, macroeconomic developments, and hedging strategies for clients; automate data analysis and creation of visuals (charts, tables, etc.).
Develop a deep understanding of macro products with particular focus on FX derivatives.
Assist senior salespeople in formulating and marketing trading ideas to clients.
Provide trade execution support including pricing, booking, and post-trade requirements.
Communicate with clients on operational inquiries and provide client support when senior marketers are traveling.
Reconcile daily desk activity and prepare weekly P&L reports for internal distribution.
Conduct periodic review of client financial statements to understand derivatives activity.
Collaborate with Legal, Risk, KYC, and Settlements teams to ensure compliance with statutory regulations as well as internal policies and procedures.
Qualifications and Skills
Bachelor’s Degree with distinguished academic track record
Recent graduate, or up to 2 years of experience in sales, trading, or similar role.
Demonstrated interest in financial markets through extracurricular activities, internships, or work experience.
Ability to excel under pressure and in a fast-paced environment.
Excellent verbal and written communication skills and able to synthesize and explain complex concepts.
Creative thinker with exceptional problem-solving skills and strong attention to detail.
Intellectually curious with desire for continued learning.
Strong work ethic with ability to multi-task effectively.
Proficiency in Excel and PowerPoint.
Quantitative skills or high comfort level with quantitative subjects; proficiency in Python or VBA is beneficial, but not required.
Additional Requirements
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 interview process.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.