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Transaction Execution Management - Associate

Sumitomo Mitsui Banking Corporation (SMBC)
remote work
United States, New York, New York
277 Park Avenue (Show on map)
April 13, 2024

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 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 $120,000.00and $120,000.00. 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 Transaction Execution Management Associate to coordinate closing for various FO business units. Primarily focused on Corporate & Investment Banking Coveragebusiness.

This role collaborates with internal stakeholders including underwriters/portfolio managers, Credit Department, Compliance, Capital Markets, Legal, Operation groups and external Agents and Borrowers. This role is operationally focused but sits in the front office within the Corporate & Investment Banking Coverage ("CIBC"). The ideal candidate will be the primary point person on closing transaction.

Responsibilities
  • Primary function is to manage the deal closing process (close and fund) for bilateral, club and syndicated transactions through detailed collaboration with sponsor, borrowers, agent banks, counsel, and loan operations.
  • Ensure transactions are properly registered in the SMBC's approval system for efficient closings.
  • Establish a close relationship with the Business Control Department (BCDAD) ensuring all relevant documentation is received and reviewed timely.
  • Proactively facilitate the resolution of outstanding items with the Deal Team to meet the scheduled closing date.
  • Periodically request post-closing deliverables from external parties.
  • Work closely with internal front office KYC team members to ensure approvals are in place prior to closing.
  • Perform other duties as assigned by your Team Lead

Expectation of meeting high deal volume in a fast-paced, market-driven work environment.

Qualifications and Skills
  • Bachelor's degree with 1-3 years of related work experience.
  • Ability to work under tight deadlines, prioritize responsibilities and multitask across multiple transactions.
  • Strong attention to detail with excellent communication skills.
  • Ability to work across teams within front office, operations, compliance, legal, and credit.
  • Understanding of non-investment grade senior loan financings, project finance transactions, and related credit agreement terms.
  • Willingness to learn and become skilled at SMBC's proprietary systems for various internal processes.
  • Deal execution experience with the ability to coordinate between Underwriting, Capital Markets, Credit, KYC and Operations departments is a plus.
Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

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.

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