What are the responsibilities and job description for the Transaction Execution Management - Associate position at Sumitomo Mitsui Banking Corporation – SMBC Group?
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.
Role Description
Sumitomo Mitsui Banking Corporation is hiring a Transaction Execution Management Associate to coordinate closing for various FO business units. Primarily focused on Corporate & Investment Banking Coverage business.
This role collaborates with internal stakeholders including underwriters/portfolio managers, Credit Department, Compliance, Capital Markets, Legal, Operation groups and external Agents and Borrowers. This role is operationally focused but sits in the front office within the Corporate & Investment Banking Coverage (“CIBC”). The ideal candidate will be the primary point person on closing transaction.
Role Objectives: Delivery
Qualifications And Skills
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.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
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.
Role Description
Sumitomo Mitsui Banking Corporation is hiring a Transaction Execution Management Associate to coordinate closing for various FO business units. Primarily focused on Corporate & Investment Banking Coverage business.
This role collaborates with internal stakeholders including underwriters/portfolio managers, Credit Department, Compliance, Capital Markets, Legal, Operation groups and external Agents and Borrowers. This role is operationally focused but sits in the front office within the Corporate & Investment Banking Coverage (“CIBC”). The ideal candidate will be the primary point person on closing transaction.
Role Objectives: Delivery
- Primary function is to manage the deal closing process (close and fund) for bilateral, club and syndicated transactions through detailed collaboration with sponsor, borrowers, agent banks, counsel, and loan operations.
- Ensure transactions are properly registered in the SMBC’s approval system for efficient closings.
- Establish a close relationship with the Business Control Department (BCDAD) ensuring all relevant documentation is received and reviewed timely.
- Proactively facilitate the resolution of outstanding items with the Deal Team to meet the scheduled closing date.
- Periodically request post-closing deliverables from external parties.
- Work closely with internal front office KYC team members to ensure approvals are in place prior to closing.
- Perform other duties as assigned by your Team Lead
Qualifications And Skills
- Bachelor’s degree with 1-3 years of related work experience.
- Ability to work under tight deadlines, prioritize responsibilities and multitask across multiple transactions.
- Strong attention to detail with excellent communication skills.
- Ability to work across teams within front office, operations, compliance, legal, and credit.
- Understanding of non-investment grade senior loan financings, project finance transactions, and related credit agreement terms.
- Willingness to learn and become skilled at SMBC’s proprietary systems for various internal processes.
- Deal execution experience with the ability to coordinate between Underwriting, Capital Markets, Credit, KYC and Operations departments is a plus.
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.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
