Fund Finance Solutions Portfolio Management, Analyst - 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 $85,000.00 and $100,000.00. 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 Fund Finance Portfolio Management Analyst position falls within the Portfolio Management and Agency team in the Bank's Fund Finance Solutions Department ("FFSD"). The primary role will be as a Power User for a new software that is being onboarded to develop best in class reporting capabilities related to the tracking, monitoring, and analyzing of collateral values for FFSD’s global fund finance portfolio. As a Power User, you will become a subject matter expert for everything related to the database including its rollout, enhancements, and ensuring data is updated in a timely and accurate manner. Secondary duties relate to broader portfolio management responsibilities including, but not limited to: exposure tracking, adherence to risk thresholds, profitability tracking and forecasting, and the preparation of presentations for key internal stakeholders and regulatory bodies.
In addition to developing a strong technical knowledge base around data management, you will develop a deep understanding of multiple fund finance products, centered around the core subscription finance offering. You’ll also learn portfolio management/banking best practices and industry trends/developments from a market leading team in the Fund Finance lending sector.
The ideal candidate would have a genuine interest in developing a career in banking with a focus/ inclination towards data management using Excel and low code databases. The candidate should have an innate desire to find ways to complete work and establish processes in a more efficient and reliable manner. The candidate would be keen to join a highly competitive, market leading team within one of the fastest growing areas of finance.
Role Objectives
- Create insights from the proprietary data obtained from FFSD’s access to the composition of capital commitments to the largest private equity funds in the world
- Develop standardized excel templates using INDEX(MATCH()) and other formulas that will be fed into the reporting database and materially boost update efficiency
- Responsible for the routine and ad hoc updates of deal and collateral values in the database
- Assist with the downstream reporting and data analysis
- Help build out and establish policies, procedures, and user guides related to the new reporting database
- Contribute substantially to planning functions including determining profitability, projecting budget, extrapolating and stress testing funding scenarios, and global pipeline management
- Reconcile conflicting workbooks/data sets and remedy the root cause
- Monitor and provide reporting on the portfolio-level regarding risk frameworks, exposure management, and other KPIs and limits
- Prepare internal and external presentations for senior stakeholders and regulatory bodies
Qualifications and Skills
- Experience/Knowledge Requirements
- Bachelor’s Degree in finance, accounting, economics, computer science, or related field
- Knowledge of basic corporate finance and accounting, and ability to learn financial analysis
- Familiarity with corporate banking, bank regulations, risk and compliance factors and regulatory matters a plus
Required Skills/Abilities
- Inherent pride in one’s work
- Impeccable attention to detail
- Desire for continued learning, and ability to expand role over time
- Moderate experience in Microsoft Excel
- Experience with, or desire to learn about, low-code databases/ systems of record
- Strong written and oral communication skills with an ability to communicate effectively with all levels across the organization
- Ability to multi-task and prioritize effectively to meet strict and competing deadlines
- Highly collaborative and flexible in a team and client environment and ability to form good relationships
- Proficient using Microsoft Office suite (Excel, Word, PowerPoint)
Additional Requirements
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.