Desk Strats

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan.

SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network.

The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $ and $. 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.

The role is for a VP level Desk Strat supporting the Interest Rate Options team, with a focus on rates-related products, pricing methodology, risk analysis, and desk workflow support. The individual will work closely with traders and other front office users, as well as Model Validation, the technology team, and Middle Office, to develop and maintain pricing tools, investigate issues, improve desk processes, and support the ongoing enhancement of analytics and infrastructure.

The role requires strong technical ability, sound product and risk knowledge, and the confidence to engage directly with users and partner teams.

• Support the options desk by developing, maintaining, and improving pricing and risk tools used in daily trading and risk management.

• Deliver reliable solutions across spreadsheet- and application-based workflows, troubleshoot production issues efficiently, and help ensure model changes and releases are tested and implemented in line with desk and governance standards.

• Contribute to the enhancement of desk infrastructure and automation to improve control, efficiency, and scalability.

• The individual should be comfortable speaking directly with traders, model validators, technology teams, and control functions, and be able to describe problems clearly and drive issues to resolution.

• Strong communication skills are essential, including the ability to gather requirements, explain technical topics in a practical way, and work effectively across teams.

• The role also requires effective engagement with Model Validation and other governance stakeholders when discussing model changes, controls, testing, and documentation.

• The successful candidate should have a good understanding of rates-related products, especially options, together with working knowledge of pricing methodology and risk.

• They should be able to analyze product behavior, understand valuation and sensitivity drivers, and apply that understanding…