Repo Collateral Management- Vice President

Repo Collateral Management- Vice President

Job Level: Vice President Job Function: Trade Operations Location: White Plains, NY, US Employment Type: Full Time The anticipated salary range for this role is between $118,000.00 and $170,000.00. 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 The Repo Collateral Management - Vice President leads the firm's collateral management function for repurchase agreements, driving strategic initiatives while ensuring regulatory compliance. The VP oversees the team managing daily collateral operations, risk controls, and technology enhancements, partnering closely with Trading, Risk, Treasury, and Legal to support the firm's financing and liquidity objectives.

Role Objectives

• Collateral Operations Oversight
• Oversee daily collateral margin calls, substitutions, and settlement for bilateral, tri-party and Sponsored Repo.
• Lead and help develop the Repo Collateral Management Team, setting goals, priorities and performance standards.
• Drive strategic initiatives to enhance collateral optimization, funding efficiency, and operational resilience.
• Collaborate with senior stakeholders across Treasury, Trading, Risk, Legal, and Technology to align collateral strategies with firm-wide objectives.
• Ensure robust controls and timely resolution of breaks, discrepancies, and settlement issues.
• Escalate discrepancies appropriately to the relevant internal and/or external parties.
• Assist in ad-hoc requests related to management and investigations of operational issues.
• Assist in monitoring process gaps and make recommendations on technological changes.
• Participation in projects & planning related to industry initiatives and operational efficiencies
• Experience managing cross-functional projects and driving change.
• Risk Management & Regulatory Compliance
• Ensure collateral management practices comply with regulatory requirements (e.g., SFTR, Basel III/IV, SEC rules).
• Oversee risk relating to collateral concentration, haircuts, margin requirements, and counterparty exposure.
• Stakeholder Engagement & Communication
• Act as a liaison with external counterparties, custodians, clearing banks, and regulators.
• Communicate collateral risks and performance to senior management.
• Support new product launches and business initiatives requiring collateral expertise.
• Partner with Technology and Operations teams to enhance collateral management system capabilities.

Technical Expertise

Deep knowledge of repo markets, collateral types, financing structures, and tri-party platforms. Extensive experience with collateral management systems, clearing platforms, and regulatory frameworks. Strong understanding of margining, haircuts, eligibility rules, and settlement processes.

Communication & Interpersonal Skills

Excellent verbal and communication skills, capable of influencing senior stakeholders. Ability to manage complex relationships with internal and external partners. Comfortable working in a fast-paced, dynamic environment. Excellent analytical skills with an eye for detail and exceptional time management skills. Adept at working and effectively collaborating with clients, operations, and technology teams. Strong problem-solving skills to deal with complexity and respond quickly to uncertainty.

Qualifications and Skills

8+ years in repo collateral management or related financing roles, with leadership experience. Bachelor's degree: Finance, Economics, Business, or related field; advanced degree preferred. Experience in large financial institutions, investment banks, or asset managers. Global collateral management experience. Knowledge of securities lending and financing desks. Familiarity with emerging regulations and market trends affecting collateral management.