Senior ISDA Negotiator, Director - 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 $182,000.00 and $260,000.00. 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 Senior ISDA Negotiator, Director will provide support with respect to the negotiation and review of legal documentation (including ISDA Master Agreements and Credit Support Annexes) and other forms of documents relating to the derivatives business. A Director plays a more prominent role in assisting the team manager in day-to-day questions from various stakeholders and including assisting with the development, mentorship and management of more junior staff. A Director handles more complex and time sensitive negotiations and projects and takes a more active and independent role in management of their matters.
Role Objectives
- Assist the team manager in the development of junior staff. Provide guidance and support for day-to-day questions.
- Draft, review and negotiate (i) Schedules to ISDA Master Agreements, (ii) Credit Support Annexes (regulated and unregulated versions), (iii) Repurchase Transactions (MRA/GMRA), (iv) Master Securities Loan Agreements (MSLA/GMSLA) and ancillary documentation relating to such agreements, together (“Master Agreement Documentation”).
- Review finance documentation (including credit agreements, security agreements, collateral agency agreements, pledge agreements and intercreditor agreements) in connection with ISDA documentation related to financing structures.
- Draft memos summarizing the key commercial and legal terms in any document being executed, and coordinate execution of agreed documentation management.
- Review memos prepared by junior staff.
- Answer queries from internal stakeholders – including front office, operations, confirmations and management.
- Stay abreast of new policies and market trends or developments within the industry and recommend or implement changes to ISDA documentation accordingly.
Qualifications and Skills
- Knowledge of Master Agreement Documentation and industry practice.
- Strong communication skills. Ability to convey complex legal terms or ideas to internal stakeholders in a simple and effective manner.
- Excellent negotiation and communication skills.
- Ability to work closely and collaboratively with other departments
- Strong time management skills and ability to prioritize matters based on business expectations.
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.
