Title: Vice President
HK
Sumitomo Mitsui Banking Corporation (三井住友銀行) (incorporated in Japan with limited liability) is one of the major international banks and a leading arranger of specialized financial products worldwide. The Bank's Hong Kong Branch is now seeking high calibre individuals with long-term career objectives to apply for the following position:
Vice President -
Global Markets & Treasury Department, EA - Trading Group
Job Duties & Responsibilities:
- Primary responsibility for trading of key EM products such as HKD and CNH and market making to customers to achieve key financial targes
- Undertake market analysis to implement hedge strategies.
- Trading and managing positions in compliance with market making obligations and risk limits.
- Liaise with various parties and departments e.g. sales, traders, management, risk control, back office, IT etc. for issues and implement solutions.
- Optimize and maximize revenue generation and client coverage with a clear view on the client segment, activity and industry trends.
- Convey market intelligence, relevant regulatory, legal, tax knowledge and issues to internal stakeholders, decision makers
- Ensure client business continuity, ensure effective teamwork within local/global requirements.
- Continuously monitor all trading positions and risk limits and ensure positions are accounted for and booked properly in accordance with the firms trading and markets risk guidelines.
Requirements:
- Deep direct local HKD and CNH market trading experience
- 5 years+ experience managing EM Rates trading books with a proven track record of success
- Strong knowledge of Fixed Income products with a specialisation in Interest rate swaps/CCS
- Proven experience of building strategies for trading and risk management
- Demonstrated ability of writing comprehensive trading colour and presenting trading ideas and strategies
- Excellent networker who is comfortable liaising with clients, sales, traders
- Strong people skills
Please apply with detailed resume stating latest and expected salary.
SMBC is an equal opportunity employer. We are committed to fostering a diversified and inclusive workplace and removing barriers to provide equal access to employment.
Note on Mandatory Reference Check ("MRC") Scheme:
The MRC Scheme seeks to address the "rolling bad apples" phenomenon in the banking sector in Hong Kong, i.e. situations where individuals who engage in misconduct during their employment in one institution are able to obtain subsequent employment in another institution without disclosing their misconduct to the new employer. Against this background, the HKMA proposed a framework to facilitate Authorized Institutions ("AIs") to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual's previous employments can be provided to AIs to inform their employment decisions.
For in-scope positions, satisfactory completion of MRC process is pivotal for the consideration of employment decision. For details, you may visit HKMA's website and refer to the latest FAQs issued by HKAB. Further details will be shared on request if your application is being proceeded.
Application details will be used only for recruitment purposes, and will be destroyed after 1 year. Applicants not contacted after 6 weeks may consider their applications unsuccessful.