Assistant Tax Counsel - SMBC
New York, NY 10172
About the Job
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 $157,000.00 and $210,000.00. 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
The SMBC Group is a top-tier global financial group. We are seeking an Assistant Tax Counsel, Vice President to perform all functions of a Tax Attorney including review documentation and transactions, analyze new tax laws, assist with tax compliance and tax audits, assist with strategies to reduce tax costs and tax risks etc.
Role Responsibilities:
- Review legal documentation from a tax perspective and support transactions (i.e. credit agreements, ISDAs)
- Conduct corporate domestic and international tax research and writing (i.e. memos to file) including researching tax treaties and PE issues.
- Provide US withholding tax advice to tax staff and front office
- Review tax planning ideas and assist with tax structuring needs.
- Provide tax and financial audit support for various US entities in response to IRS/State Tax and financial auditor inquires.
- Answer ad hoc corporate tax questions for front office, senior management and tax compliance colleagues.
Qualifications and Skills
- Knowledge and experience of tax law especially international tax, taxation of financial services, withholding tax, credit agreements and ISDAs.
- Knowledge of tax structuring and tax planning
- Demonstrated focus on ownership of responsibilities, follow-up and customer relationship management
- Strong client focus mind-set with proficiency in consulting/advising customers (both external and internal), answering inquiries and providing information.
- Strong critical thinking ability and problem resolution skills.
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. 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.
