Corporate Banking Associate, Diversified Industrials Apply
Full job description
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. SMFGs 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 organizations extensive global network. The Groups operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, 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 $170,000.00. 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 a Corporate Banking Associate. This role supports relationship managers (\\\\\\\"RM\\\\\\\") with marketing efforts for both existing and prospective clients, begin managing client relationships and generate new business as a supporting RM, engage in new client prospecting, assist in managing assigned client relationships with regard to ongoing servicing and in the cross sell effort.
Role Objectives: Delivery
- Support relationship managers in business promotion including collaboration with RM, Group Head and product partners to generate ideas/source transactions and pitch M&A financing across the capital structure and cross selling of corporate and commercial banking products. In this context, also assist in client pitching, presentation material preparation, conference calls, client meetings and due diligence.
- Support execution efforts by reviewing due diligence reports, coordinating processes with clients, advisors, other lenders and internal counterparties.
- Assist the RM in negotiation of legal documentation.
- Assisting with client development (assist in presentation of new ideas to clients, prospect outreach).
- Provide support to the Lending Management team in managing the transaction execution process from beginning to closing and particularly in leading the effort to obtain capital allocation approval including modeling transaction and group risk adjusted returns (RAROC).
- Secondary point of contact for covered clients and internal product partners.
- Follow market trends, collect marketing intelligence and propose ideas to the team for new opportunities.
Qualifications and Skills
- 3-5 years of specialized experience in Financial Services.
- Minimum 3 full years of experience at the Analyst/Associate level in an investment or corporate banking group. Working knowledge of core corporate and investment banking products preferred.
- Diversified Industrials sector experience preferred, but not required.
- Series 79/63 preferred but not required.
- CFA/CPA preferred but not required.
SMBCs 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.
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.
