Structured Finance Group - 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 $105,000.00 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
The position will be responsible for supporting the Asset Backed Commercial Paper program ("ABCP") conduit management platform, including conduit funding, program documentation, reporting related to the management of the program, and investor marketing. SMBC is a sponsor of an ABCP conduit, which issues commercial paper in the capital markets.
Role Objectives
The role is in the Conduit Management team within the Structured Products Group (SPG). Responsible for ABCP management and related reporting and administrative matters related to the sound management and maintenance of the program, working under the direction of senior member of the group. Primary role includes funding (issuing CP), managing CP maturities, reporting to relevant parties including Treasury and Risk teams and providing regular market updates. The role includes investor marketing and updating pitch books, discussions with the rating agencies, coordinating reports to relevant third parties including investors, updating any regulatory and legal matter related to the industry.
Key Responsibilities
- Daily CP issuance and liquidity management
- Daily maturity limit and compliance monitoring for ABCP program
- Maintain internal databases and ensure accurate daily and monthly reporting
- Support investor marketing efforts and respond to investor inquiries
- Collaborating with Treasury, Risk, Legal, and Credit teams on internal projects
- Responsible for supporting ABCP administrative and program related matters, including documentation, ratings process, reporting, financial and tax audit reviews.
- Follow market developments and regulatory related issues ABCP conduits and securitization industry.
Qualifications and Skills
Include but not limited to:
- Highly collaborative and flexible in a team and client environment with ability to form good relationships internally and externally.
- Ability to organize thoughts and clearly articulate points and provide summaries and explanations of the short-term markets and transactions.
- Works well in a culturally diverse and team-oriented environment. Demonstrates intellectual curiosity and an interest in continuous learning.
- Knowledge of securitization and ABCP conduits
- Experience in a trading/issuance function
- 2-3 years of experience in finance and or related industry
- Good communication overall, both internal and external audience
- Strong software skills, high proficiency Excel, PowerPoint, and Power BI
- SIE, series 63, and 79 preferred
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