Structured Finance Group, Associate (CLO)
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 $175,000.00 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
Providing support to senior team members related to the origination, structuring, and execution of Private Credit and BSL CLO transactions
Role Objectives
Support the CLO business within the Structured Finance Group, including:
- Providing analysis that contributes to client recommendations on structural terms
- Leveraging analysis to help provide marketing materials for existing and prospective CLO clients
- Working effectively with internal and external counterparties such as legal counsel, rating agencies, accountants through the course of the deal execution process
- Building CLO structures using rating agency applications such as Moody’s CDOEdge, S&P Cashflow Evaluator, etc… as well as in-house cashflow models that utilize rating agency criteria
- Utilizing Intex Dealmaker to build DMS and CDI files provided to investors and issuers
- Effectively manage CLO closing processes in an organized and diligent manner
- Interface with CLO investors to explain structural features, tie out cashflows and answer structuring-related questions
- Prepare any ad hoc research and reports as necessary, under the direction of senior members of the team
- Engage with CLO clients through email, phone calls, video-conference and in-person meetings alongside senior members of the team
Qualifications and Skills
- Bachelor’s degree required, concentration in Math, Economics, Finance, Engineering or Computer Science preferred.
- Knowledge of Excel, VBA, Intex Dealmaker, IntexCalc
- Previous structured finance and financial modeling experience
- Financial industry experience (Investment Bank, Asset Management, Accounting Firm or Rating Agency)
- Ability to be resourceful and multitask within the fast-paced environment
- Ability to clearly/concisely communicate and summarize complex concepts to various audiences
- Demonstrates a high degree of attention to detail and an ability to quickly learn and problem-solve
- Strong verbal and written communication skills with an ability to present well, organize thoughts and clearly articulate points
- Licenses / Certifications / Registrations - SIE, Series 7, 79 & 63
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