What are the responsibilities and job description for the Associate, Global Financial Institutions Group position at Sumitomo Mitsui Financial Group, Inc.?
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 $150,000.00 and $200,000.00. 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 is hiring an Associate in the Global Financial Institutions Group.
The Global Financial Institutions Group is a worldwide network of industry experts who understand the economic landscape and the challenges facing financial institutions. To meet the needs of domestic and global institutional clients, we leverage the full suite of products across SMBC to provide unique financial solutions to clients within the following industry sectors : banks and broker / dealers, regulated and alternative investment managers and funds, insurance companies and specialty finance / BDCs. In addition to providing financing, the GFIG team partners with many business units throughout the SMBC Group to offer our clients a wide range of products, including Capital Markets (DCM, ECM, ABS / CLOs), Sales and Trading (Equities & Fixed Income), Structured Financing (including subscription financing and asset-based lending), FX / Derivatives, securitization and operational services.
The Associate role within the Global Financial Institutions Group will be responsible for supporting senior bankers as well as perform all analytical work surrounding both live transactions as well as existing transactions.
Role Objectives
- Credit Applications - Provide a deep level of analysis of the credit-worthiness of FIG specific transactions outlining the following : terms and conditions, deal structure, client financial analysis, credit risks, transaction profitability and deal rationale.
- Transaction Execution - Work closely with the Head of Structuring and Execution as well as with internal groups including Credit, Legal and Operations, as well as external clients, to aid in the execution and closing of transactions.
- Training - Guide and train the junior staff on credit analysis of FIG clients.
- Other - Preparation of ad hoc client projects, industry research reports, client specific research, marketing materials, client presentations and pitch books.
- Banker Support & Client Interaction - Participation on client calls and assistance with ongoing client coordination.
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.
Salary : $150,000 - $200,000
