Funds Transfer Pricing Associate
Smbc Global Foundation Inc, New York, NY, United States
Funds Transfer Pricing Associate
This associate, FTP (Funds and Transfer Pricing) role will be responsible for supporting the Bank's Asset Liability Management (ALM) function including FTP methodology design, implementation, analytics, business communication, forecasting, liquidity stress testing, and Asset Liability Management Committee (ALCO) package preparation. Work varies in nature with changing priorities. This role will provide support and analytics to business partners and Head-office on interest and liquidity transfer pricing. The associate will be responsible for the development and maintenance of the Bank's FTP policy and standards, and methodologies. They will be able to identify and resolve technical/modelling issues in the context of ALM and FTP. They will validate FTP models against unit results and forecasted needs. They will analyze liquidity and investment needs over various scenarios considering market/economic/industry trends, and client business cycles. They will coordinate with the team and key stakeholders on maintaining, updating, and improving, where possible and appropriate, the analytics that support the assumptions recalibration process for the FTP methodologies. They will coordinate with all levels of management and other departments to gather, analyze, summarize, and prepare FTP reporting for the ALCO and various other monthly, quarterly, and annual Corporate Treasury related reports. They will prepare position reports, reconciliations, and other accounting support. They will ensure that unit results are consistent with budgeted results and with control thresholds. They will manage FTP allocations across the organizations. They will act as SME to implement FTP models in the local FTP platform and communicating features and impacts to business partners across entities. They will adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of FTP and/or provide input into policy and procedure amendments. They will support the capital plan and stress testing where ALM/FTP perspectives are involved. This role will collaborate with business partners to understand liquidity and interest rate exposure. They will participate in long- and short-term planning on FTP. They will optimize risk taking through partnerships with risk management. This role will demonstrate a deep understanding of the funding needs, liquidity implication, product structures and profitability of the businesses you advise to optimize unit and entity results. They will exhibit a practical hands-on knowledge of transfer pricing mechanisms and capital allocations to optimize the usage of equity. They will be proficient with information technology to better gather and manage data. They will demonstrate advanced analytical/quantitative skills to optimize financial results. They will communicate analytical data effectively. This role requires minimum 3 years of experience, preferably in the financial services industry. Understanding of banking concepts, accounting, finance, and economic principles is required. Knowledge of bank operations, products, and services is required. Detail-oriented with excellent organizational, interpersonal, verbal, and communication skills is required. Advanced knowledge of Microsoft Office Suite, particularly Excel is required. Bachelor's degree in finance, accounting, mathematics, computer science or related field is required. 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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
This associate, FTP (Funds and Transfer Pricing) role will be responsible for supporting the Bank's Asset Liability Management (ALM) function including FTP methodology design, implementation, analytics, business communication, forecasting, liquidity stress testing, and Asset Liability Management Committee (ALCO) package preparation. Work varies in nature with changing priorities. This role will provide support and analytics to business partners and Head-office on interest and liquidity transfer pricing. The associate will be responsible for the development and maintenance of the Bank's FTP policy and standards, and methodologies. They will be able to identify and resolve technical/modelling issues in the context of ALM and FTP. They will validate FTP models against unit results and forecasted needs. They will analyze liquidity and investment needs over various scenarios considering market/economic/industry trends, and client business cycles. They will coordinate with the team and key stakeholders on maintaining, updating, and improving, where possible and appropriate, the analytics that support the assumptions recalibration process for the FTP methodologies. They will coordinate with all levels of management and other departments to gather, analyze, summarize, and prepare FTP reporting for the ALCO and various other monthly, quarterly, and annual Corporate Treasury related reports. They will prepare position reports, reconciliations, and other accounting support. They will ensure that unit results are consistent with budgeted results and with control thresholds. They will manage FTP allocations across the organizations. They will act as SME to implement FTP models in the local FTP platform and communicating features and impacts to business partners across entities. They will adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of FTP and/or provide input into policy and procedure amendments. They will support the capital plan and stress testing where ALM/FTP perspectives are involved. This role will collaborate with business partners to understand liquidity and interest rate exposure. They will participate in long- and short-term planning on FTP. They will optimize risk taking through partnerships with risk management. This role will demonstrate a deep understanding of the funding needs, liquidity implication, product structures and profitability of the businesses you advise to optimize unit and entity results. They will exhibit a practical hands-on knowledge of transfer pricing mechanisms and capital allocations to optimize the usage of equity. They will be proficient with information technology to better gather and manage data. They will demonstrate advanced analytical/quantitative skills to optimize financial results. They will communicate analytical data effectively. This role requires minimum 3 years of experience, preferably in the financial services industry. Understanding of banking concepts, accounting, finance, and economic principles is required. Knowledge of bank operations, products, and services is required. Detail-oriented with excellent organizational, interpersonal, verbal, and communication skills is required. Advanced knowledge of Microsoft Office Suite, particularly Excel is required. Bachelor's degree in finance, accounting, mathematics, computer science or related field is required. 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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required. SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.