Hedge Fund Credit, Associate

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 $84,000.00 and $131,000.00. 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

SMBC Global Markets is searching for a credit analyst to serve as subject matter expert for Hedge Funds while also providing coverage for other non-bank financial institutions. The role, Associate level, reports to the Head of Hedge Fund Credit Services within the Chief Operating Office of SMBC Global Markets front office. The role's primary function is to perform credit underwriting in support of our Global Markets investor business. The position is on the trading floor and the work environment is fast paced involving direct contact with front office staff, second line credit officers and our clients. The individual will support activities within our swap dealer and broker dealer businesses including derivatives, FX, repo and securities lending. As part of the first line of defense, the Credit Services Department maintains sound credit management activities liaising where necessary with other departments to review and assess credit risk, monitor credit exposure and provide guidance on credit limits in accordance with policies and procedures.

Role Objectives

• Perform credit analyses on hedge fund, asset managers, insurance companies and banks with emphasis on investment strategy, asset quality, leverage, liquidity, historical performance, portfolio exposures and risk control framework
• Evaluate derivatives and securities financing transactions across client base working closely with derivatives marketers, relationship managers, risk management, credit department and legal to mitigate risk
• Support negotiation of master agreements, identify policy exceptions and provide ongoing monitoring for termination events
• Approve initial margin requirements
• Provide continuous credit monitoring of assigned portfolio, ensure accuracy of assigned risk ratings and escalate any deterioration in credit quality to management
• Maintain open relationship with customers via due diligence meetings and periodic updates on performance
• Work on special projects as required

Qualifications and Skills

• BA/BS required with concentration in finance or business
• 3-5 years of relevant credit work experience covering hedge funds, insurance, asset managers and financial institutions
• Strong understanding of derivatives and SFT product risk a plus
• Outstanding verbal & written communication skills, backed by strong analytics & attention to detail
• Ability to operate independently, manage multiple simultaneous priorities and perform well under pressure in a demanding environment
• Proficient in Excel, Word and PowerPoint

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 [email protected].