ECG (Enterprise Content Governance) Loan 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 Rail Services LLC, Manufacturers Bank, 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 $75,000.00 and $120,000.00. 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 ECG Associate may oversee the people and processes that manage and monitor commercial loan portfolios. This individual may be a subject matter expert in the area of loan documentation. May train staff members or others. Focuses on daily activities of the staff, adhering to established departmental guidelines and procedures. The role is both tactical and transactional, and sometimes exercises independent discretion and judgment to resolve complex or critical issues that are escalated. Acts as the ECG VP secondary delegate in their absence

The ECG Associate role is part of the Enterprise Content Governance (ECG) group within BCDAD. This role is responsible for assisting in reviewing and processing vaulted Loan documentation on behalf of Front office.

 

Responsibilities

1. Evaluate conditions precedent sections of loan agreements. advises on questions regarding loan agreement terms and conditions; makes recommendations as needed. 

2. Review and prepare New Deal Document Control sheets for front office and legal department review and approval.

3. Reviews and assists with complex closings sets and other matters where subject matter expertise is required.

4. Supervises and provides technical guidance to the staff, ensuring that all tasks are carried out appropriately, in a timely manner, in accordance with the bank's governance structure and with minimal risk to the organization.

 5. Track outstanding New Deal documents from 42+ days until all documents are received.

  6. Email follow ups to Front Office, Agent banks and external counsel for status on outstanding documentation.

7. Assist with opening and closing the vault located in the Harborside office.

Qualifications and Skills

• 5-7 years comparable or relevant loan documentation experience.
• Strong understanding of loan agreements and terminology.
• Ability to synthesize technical information, analyze risk and identify mitigating factors.
• Proficiency in customer service and analytical skills.
• Strong computer skills are necessary, including basic Microsoft Word, Excel, and Office, and Lotus Notes. 
• Strong verbal and written communication skills

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 duri