Funds Transfer Pricing Associate
SMBC, Charlotte, NC, United States
Role Description
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.
Role Objectives: Delivery
Provide support and analytics to business partners and Head-office on interest and liquidity transfer pricing.
Responsible for the development and maintenance of the Bank’s FTP policy and standards, and methodologies. Be able to identify and resolve technical/modelling issues in the context of ALM and FTP.
Validate FTP models against unit results and forecasted needs.
Analyze liquidity and investment needs over various scenarios considering market / economic / industry trends, and client business cycles.
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.
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.
Prepare position reports, reconciliations, and other accounting support.
Ensure that unit results are consistent with budgeted results and with control thresholds. Manage FTP allocations across the organizations.
Act as SME to implement FTP models in the local FTP platform and communication features and impacts to business partners across entities.
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.
Support the capital plan and stress testing where ALM/FTP perspectives are involved.
Role Objectives: Interpersonal
Collaborate with business partners to understand liquidity and interest rate exposure.
Participate in long- and short-term planning on FTP.
Optimize risk taking through partnerships with risk management.
Role Objectives: Expertise
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.
Exhibit a practical hands‑on knowledge of transfer pricing mechanisms and capital allocations to optimize the usage of equity.
Be proficient with information technology to better gather and manage data.
Demonstrate advanced analytical / quantitative skills to optimize financial results. Communicate analytical data effectively.
Qualifications and Skills
Minimum 3 years of experience, preferably in the financial services industry.
Understanding of banking concepts, accounting, finance, and economic principles.
Knowledge of bank operations, products, and services.
Detail‑oriented with excellent organizational, interpersonal, verbal, and communication skills.
Advanced knowledge of Microsoft Office Suite, particularly Excel.
Bachelor’s degree in finance, accounting, mathematics, computer science or related field.
Additional Requirements SMBC’s employees participate in a Hybrid workforce model that provides employees an opportunity to work from home, as well as from an SMBC office. SMBC requires 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 that require in‑office attendance for the entire workweek.
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.
EOE, including Disability/veterans
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Role Objectives: Delivery
Provide support and analytics to business partners and Head-office on interest and liquidity transfer pricing.
Responsible for the development and maintenance of the Bank’s FTP policy and standards, and methodologies. Be able to identify and resolve technical/modelling issues in the context of ALM and FTP.
Validate FTP models against unit results and forecasted needs.
Analyze liquidity and investment needs over various scenarios considering market / economic / industry trends, and client business cycles.
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.
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.
Prepare position reports, reconciliations, and other accounting support.
Ensure that unit results are consistent with budgeted results and with control thresholds. Manage FTP allocations across the organizations.
Act as SME to implement FTP models in the local FTP platform and communication features and impacts to business partners across entities.
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.
Support the capital plan and stress testing where ALM/FTP perspectives are involved.
Role Objectives: Interpersonal
Collaborate with business partners to understand liquidity and interest rate exposure.
Participate in long- and short-term planning on FTP.
Optimize risk taking through partnerships with risk management.
Role Objectives: Expertise
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.
Exhibit a practical hands‑on knowledge of transfer pricing mechanisms and capital allocations to optimize the usage of equity.
Be proficient with information technology to better gather and manage data.
Demonstrate advanced analytical / quantitative skills to optimize financial results. Communicate analytical data effectively.
Qualifications and Skills
Minimum 3 years of experience, preferably in the financial services industry.
Understanding of banking concepts, accounting, finance, and economic principles.
Knowledge of bank operations, products, and services.
Detail‑oriented with excellent organizational, interpersonal, verbal, and communication skills.
Advanced knowledge of Microsoft Office Suite, particularly Excel.
Bachelor’s degree in finance, accounting, mathematics, computer science or related field.
Additional Requirements SMBC’s employees participate in a Hybrid workforce model that provides employees an opportunity to work from home, as well as from an SMBC office. SMBC requires 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 that require in‑office attendance for the entire workweek.
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.
EOE, including Disability/veterans
#J-18808-Ljbffr