What are the responsibilities and job description for the ISDA Negotiator, Vice President position at Sumitomo Mitsui Banking Corporation?
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 $140,000.00 and $180,000.00. 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
Sumitomo Mitsui Banking Corporation, New York Branch is hiring a Vice President to work within the Legal Department for the Trade Transaction Management group. The primary focus of this role is to support the bank’s derivatives business.
The applicant must have direct experience negotiating ISDA documentation (including ISDA Master Agreements and Credit Support Annexes), repurchase agreements and master securities lending agreements. This role requires collaboration with various internal stakeholders (including global markets, operations, credit and bankers) as well as clients. A particular focus on negotiating documentation with Latin American corporations, banks, insurance companies and pension plans is necessary.
Role Objectives
- Draft, review and negotiate Schedules to ISDA Master Agreements, Credit Support Annexes (regulated and unregulated versions), MRAs and MSLAs (along with and ancillary documentation relating to such agreements) with a variety of clients organized in Latin America.
- Review guaranties or other forms of credit support documents provided in connection with derivative and related transactions.
- Take active role in assisting business owners on day-to-day questions and tasks.
- Advise the business on complex issues related to relevant documentation.
Qualifications and Skills
- 5 years of relevant experience, either in-house or at a law firm with expertise on ISDA and related documentation, with particular emphasis on negotiations with Latin American clients.
- Strong communication skills: ability to convey complex terms or ideas to internal stakeholders in a simple and effective manner.
- Ability to work closely and collaboratively with other departments.
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.
Salary : $140,000 - $180,000
