Global Financial Institutions - Associate

Sumitomo Mitsui Banking Corporation•New York, NY

1d•$150,000 - $200,000•Hybrid

About The Position

The Financial Institutions Group is a worldwide network of industry experts who understand the economic landscape and the challenges facing financial institutions. To meet the needs of domestic and global institutional clients, we leverage the full suite of products across SMBC to provide unique financial solutions to clients within the following industry sectors: Banks, Regulated and Alternative Investment Managers and Funds, Insurance Companies and Specialty Finance Companies (including BDCs). In addition to providing corporate financing and other specialized financing to the financial sector, the FIG team partners with many business units throughout the SMBC Group to offer our clients a wide range of products, including Capital Markets (DCM, Capital Solutions, ABS, CLOs), Sales and Trading (Fixed Income), Trade Finance, Structured Financing (including Subscription Financing and Asset-based lending), FX/Derivatives, and Operational services.

Requirements

Bachelor's degree in Finance, Economics, Accounting, or a related field.
1-3 years of experience in corporate finance, corporate banking, debt capital markets, investment banking, ratings advisory, or a related field at a leading financial institution or rating agency.
Strong financial modeling, analytical, and quantitative skills, with the ability to assess credit, capital, and liquidity profiles.
Excellent written and verbal communication skills, including the ability to prepare client presentations, credit memoranda, and transaction-related materials.
Demonstrated interest in insurance markets, capital structures, and strategic financing solutions.

Nice To Haves

Experience within the insurance sector is preferred, although candidates with broader financial institutions or corporate banking experience will also be considered.

Responsibilities

Demonstrate a strong team-oriented mindset and the ability to collaborate effectively with colleagues across product groups, industry teams, and geographic regions.
Manage multiple projects simultaneously while maintaining a high degree of accuracy, organization, and attention to detail.
Partner with GFIG's Insurance Client Coverage team as an integral part of debt capital markets origination efforts, and collaborating with Banking, Advisory, and Global Markets professionals to deepen client relationships, identify opportunities, and drive new business development.
Play a key role in the origination, approval, and execution of corporate lending transactions, including deal structuring, pricing, term sheet negotiation, financial modeling and analytics, credit and risk analysis, profitability assessment, capital allocation, legal documentation review, and ongoing portfolio monitoring.
Develop an understanding of insurance company accounting, rating agency, and regulatory capital frameworks, including Statutory Accounting, U.S. GAAP, IFRS, Risk-Based Capital (RBC), Solvency II, the Solvency Modernization Initiative (SMI), and IAIS capital standards.
Build expertise in insurance company capital structures and leverage considerations, with particular focus on rating agency methodologies and the treatment of debt, hybrid, and contingent capital instruments.