Trade Credit Services Analyst

$65,000 - $80,000/Yr

Sumitomo Mitsui Financial Group - Charlotte, NC

posted 5 months ago

Full-time - Entry Level
Remote - Charlotte, NC
10,001+ employees
Credit Intermediation and Related Activities

About the position

The Trade Credit Services Analyst position at Sumitomo Mitsui Banking Corporation (SMBC) involves a comprehensive role that focuses on preparing, negotiating, and reviewing a variety of transaction documentation. This includes investment management agreements, trade agreements, brokerage and bank account agreements, fund documentation, and non-disclosure agreements. The analyst will support client onboarding and set-up processes, ensuring adherence to regulatory protocols. A key aspect of the role is to negotiate and collaborate with both internal and external stakeholders to complete and close files efficiently. In terms of delivery, the analyst is responsible for the timely execution of confirmations from dealers, reviewing and completing transaction documentation across a diverse product set. This includes performing consistency checks, following up on outstanding documentation, and ensuring proper filing of documents. The analyst will also input, monitor, and maintain tracking data within internal systems, detailing the confirmation status of transactions. Additionally, maintaining lists of authorized signatories and ensuring the collation, dispatch, and return of documents for signature is crucial. The role also requires performing research and analysis as part of client and counterparty due diligence efforts, assisting with client onboarding, and maintaining client files and document retention. The analyst will prepare and review reporting as needed, producing and validating client reporting, and assisting in preparing metrics and reports for decision-making. Interpersonal skills are essential, as the analyst must effectively communicate with internal and external stakeholders to drive the completion of documentation and agreements for execution, ensuring timely resolution of queries. Collaboration with legal and compliance teams is necessary to monitor and deliver contractual obligations, statements, and notifications. The analyst should demonstrate excellent listening skills and openness to feedback to enhance personal and team productivity and performance, maintaining a positive and professional attitude throughout. Expertise in trade matching and reporting platforms, such as DTCC, and familiarity with legal documentation and compliance requirements are also critical for success in this role. The position operates within a hybrid workforce model, allowing employees to work from home and from the office, with the requirement that employees live within a reasonable commuting distance of their office location.

Responsibilities

  • Prepare, negotiate and review transaction documentation including investment management agreements, trade agreements, and non-disclosure agreements.
  • Support client onboarding and set-up processes, ensuring adherence to regulatory protocols.
  • Negotiate and collaborate with internal and external stakeholders to complete and close files.
  • Execute confirmations from dealers in a timely manner.
  • Review and complete transaction documentation for a diverse product set.
  • Perform consistency checks and follow-up on outstanding documentation.
  • Input, monitor and maintain tracking data within internal systems detailing confirmation status of transactions.
  • Maintain lists of authorized signatories and ensure proper dispatch and return of documents for signature.
  • Conduct research and analysis for client and counterparty due diligence efforts.
  • Prepare and review reporting, producing and validating client reporting and assisting in metrics preparation for decision-making.
  • Effectively communicate with stakeholders to drive completion of documentation and agreements.
  • Collaborate with legal and compliance teams to ensure monitoring and delivery of contractual obligations.
  • Escalate difficult issues promptly for resolution.
  • Demonstrate excellent listening skills and openness to feedback.

Requirements

  • Demonstrated working knowledge and experience with trade matching and reporting platforms (e.g., DTCC).
  • Broad knowledge of all products supported by the organization.
  • Familiarity with legal documentation and compliance and due diligence requirements.

Nice-to-haves

  • Experience in a financial services environment is preferred.

Benefits

  • Work from home flexibility
  • Competitive salary range of $65,000 - $80,000
  • Annual discretionary incentive award
  • Comprehensive benefits package
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