Trade Supply Finance & Receivable Finance - 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 $115,000.00 and $143,000.00. 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
Support the senior marketing officer of the Bank's Trade Solutions & Supply Chain Finance business within the Global Trade Finance Department by providing credit analysis, preparing credit applications and otherwise serving as a general resource to the business.
Scope:
Supports the team in credit, administration, marketing, execution and related data analysis and reporting relating to activities for Trade Working Capital Finance Business. Role is largely transactional in nature and reports to the Group Head of the business. Candidate should have some working knowledge of various trade products in the market and/or extensive corporate finance credit experience
Role Objectives
The job responsibilities are described herein:
- Support credit applications and ensures submitted applications are complete and timely.
- Obtain support documentation for deals and coordinate with middle office, back office during approval process.
- Prepare presentation materials, requests for proposals and term sheets for potential deals.
- Respond to day-to-day inquiries from clients, relationship managers, middle and back office.
- Keep abreast of industry updates and economic environment as it relates to working capital finance
- Provide monthly reports to management and other ad hoc reports.
- Remain aware of all compliance and risk factors and continually work together with senior members of the team to proactively minimize and mitigate risk.
- Participate in quarterly and annual portfolio review and related management reporting.
- Responsible for ad-hoc requests from team leader of the business
Qualifications and Skills
- Good knowledge of internal policies, processes, grading and other systems and adept at navigating through the credit application process and a solid understanding of legal documentation and terms and conditions of a transaction.
- Strong accounting skills with an ability to read and interpret financial statements and perform cash flow analysis proficiently. Strong analytical and critical thinking skills, ability to synthesize large amounts of information, analyze risk and identify mitigating factors.
- Knowledgeable of bank regulations, risk and compliance factors and regulatory matters.
- Demonstrates a high degree of attention to detail and an ability to complete work accurately and in a timely manner against strict deadlines.
- Demonstrated aptitude for quantitative and qualitative analysis with a solid understanding of financial statements, financial modeling and company or industry analysis.
- Self-motivated; driven and task-oriented.
Work Experience:
- 1 to 4 years of specialized experience
- Minimum of 2+ years of work experience in the front office of a corporate bank or trade finance department preferred. In depth knowledge of working capital lending. Formal credit training is a must.
Education:
- Required: BA / BS
- Preferred: MA / MS / MBA
- CFA plus
Microsoft office, Word, Excel, PowerPoint
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.
Nearest Major Market: New York City