CLO Lending and Management, Analyst/Associate
New York, NY, US, 10172
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 $110,000.00 and $225,000.00. 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 Associate will be in charge of the set up and monitoring process for broadly syndicated loan and private credit Collateralized Loan Obligation (CLO) warehouses.
Role Objectives:
The job responsibilities are described herein:
- Reviewing and negotiating various CLO warehouse credit agreements;
- Preparing spreadsheets, projections and cashflow analyses of warehouse facilities;
- Drafting and submitting internal SMBC credit applications;
- Developing an understanding of ratings criteria and bank regulations;
- Working with rating agencies to get rating on certain facilities;
- Working closely with other verticals within SMBC including the CLO Banking, Loan Capital Markets and the Lender Finance.
- Engaging with clients through calls, discussions, etc… during different phases of the warehousing process
Qualifications and Skills
- 2-5 years of banking experience in financial analysis, credit analysis, credit structuring at a corporate or investment bank or other financial institution
- Bachelor’s degree in Economics, Finance, Business or Accounting preferred or equivalent education and training
- Strong ability and background working with MS Office Suite (Word, Excel, PowerPoint,) is required
- Ability to read various financial statements and prepare spreadsheets
- Demonstrates a high degree of attention to detail and an ability to complete work accurately and in a timely manner against strict deadlines.
- Familiarity with corporate finance and some accounting rules is required
- Some knowledge of research databases and tools such as Bloomberg, Capital IQ, HIS Markit, etc.
- Strong written and verbal communication skills and the capacity to work well in a team structure.
- Securities licenses required
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.
Nearest Major Market: New York City