Associate, Repo Collateral Management

Associate, Repo Collateral Management

Job Level: Associate Job Function: Trade Operations Location: White Plains, NY, US Employment Type: Full Time The anticipated salary range for this role is between $78,000.00 and $125,000.00. 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 Objectives

Daily Collateral Management Operations

• Support the repo desk by managing triparty collateral exposures, substitutions, and settlements.
• Ensure secure receipt, storage, and tracking of pledged or acquired collateral.
• Independently review and validate both cash and non-cash transactions for accuracy and compliance with agreements.
• Post and reconcile collateral transactions in the respective systems to maintain accurate exposure and obligation records.
• Ensure adherence to GMRA/MRA and Repo collateralized documentation, internal policies, and regulatory requirements related to repo collateral.
• Resolve escalated or complex collateral discrepancies and ensure issues are addressed promptly.
• Manage communication with internal teams (trading, risk, legal, operations) and external parties (counterparties, custodians, triparty agents).
• Approve or generate system-driven reports, queries, and deliverables related to collateral positions and exposures.

Technical Skills

Strong understanding of repo markets, collateral types, and margining practices. Familiarity with securities financing concepts. Proficiency in Microsoft Excel. Experience managing relationships with internal and external partners. Experience with collateral management or servicing systems. Support product enhancements and process improvements for repo and tri-party collateral workflows.

Soft Skills

High attention to detail and ability to operate with minimal errors. Strong problem-solving skills for resolving cross-functional issues. Effective communication with internal and external stakeholders.

Qualifications and Skills

Bachelor's degree: Finance, Economics, Business, Accounting, or related field preferred. 2+ years experience in collateral management, repo operations, middle office, or trade support required. Accurate and efficient collateral processing Adherence to operational and counterparty risk Strong support for the repo trading desk Compliance with regulatory and contractual obligations