Systematic Trading Strategist - SMBC
New York, NY 10172
About the Job
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 $85,000.00 and $100,000.00. 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
This is a position for a junior-to-middle level Quantitative Analyst.
The focus is identifying, researching, and implementing better approaches to automated trading in the area of interest rates (including inflation), rates derivatives and foreign exchange
The role resides in the Front office and provides quantitative support in terms of model research, implementation, and application building. The candidate will work very closely with traders, quant developers and desk quants.
Excellent programming skills in Python or Java are important.
Role Objectives
- Associate or VP level front office electronic trading quant who will contribute to DPG's electronic trading effort in interest rate and FX products.
- Produce, maintain and extend trading model implementations built in Java/ Python
- Implement risk reports and processes automation for risk management purpose.
- Creating test environment and test case for trading model management, model control, and regulation auditing purpose.
Qualifications and Skills
- Master or Ph.D. in Finance or a Quantitative Field of Science or Engineering. Bachelor's degree will be considered if candidates demonstrate strong skill in math and programming.
- About 2 years of experience in the Financial industry, preferably with a major financial institution in a role related to interest rates products for front office.
- Solid background in applied mathematics in understanding of stochastic calculus, statistics, and time series analysis
- Solid programming skill in Java/ Python or other complied language. Having working knowledge of either Microsoft or Linux development environment.
- Knowledge of scripting language, Linux is a plus.
Required Skills
- Ability to effectively communicate abstract ideas with traders and desk quants.
- Quick learner and hands-on team player with open mind to new technologies.
Additional Requirements
- D&I Commitment
- Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
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SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that 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 for which in-office attendance for the entire workweek is required.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.