What are the responsibilities and job description for the Paralegal 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 $60,000.00 and $75,000.00. 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
The Paralegal role for Sumitomo Mitsui Banking Corporation will work within the Legal Department for the Trade Transaction Management (“TTM”) group. The primary focus of this role is to support the bank’s derivatives business.
Primary responsibilities include support of the attorneys and staff in TTM with the review, processing, execution of documentation and completion of administrative tasks associated with the bank’s derivatives business. The specific focus of this role is the management of the end-to-end process associated with the negotiation and execution of collateral assignment agreements associated with derivative transactions.
Role Objectives
- Documentation Support
- Facilitate the review and exchange of documentation both with internal attorneys and external counsel. This involves the review, negotiation, and processing of collateral assignment agreements associated with the bank’s interest rate caps business.
- Review and develop procedures as needed to improve the documentation process.
- Administrative Support
- The Paralegal will manage the correspondence between clients, front office, advisors, brokers and external counsel associated with the review and processing of collateral assignment agreements.
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The Paralegal will be responsible for tracking the progress of such agreements, managing the flow of new agreements requested for review, and ensuring the documentation received from all parties is complete at execution.
Qualifications and Skills
- 5 years minimum experience as a paralegal working with law firms or financial services companies supporting the legal teams and documentation.
- Ability to manage a high volume of transactions with competing deadlines.
- Familiarity with the collateral assignment agreements and derivative transactions is a plus.
- Excellent communication skills, organizational skills, and attention to detail are a must.
- Ability to work under pressure, operate comfortably in a fast-paced, demanding environment, and manage a significant workload is necessary as is the ability to think creatively and propose solutions.
Additional Requirements
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.
Salary : $60,000 - $75,000
