Agency & Execution - Associate

SMBC; New York (NY); Hybrid; USD 75,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

SMBC is seeking a Loan Capital Markets Middle Office professional to support the end-to-end closing and settlement of secondary loan trades. You will collaborate with trading desks, operations, legal counsel, and banks to ensure timely execution.

The role emphasizes managing settlements, documentation, KYC/AML coordination, and adherence to internal controls across systems such as ClearPar and LoanIQ.

Qualifications

• 3–5+ years of experience in loan closing, loan operations, or secondary loan trading support.
• Education: BA / BS required.
• Strong understanding of secondary loan trading (LSTA/LMA frameworks) and settlement mechanics.
• Experience with ClearPar and LoanIQ.
• Attention to detail and ability to manage multiple transactions.

Responsibilities

• Manage end-to-end secondary loan closing process through settlement.
• Prepare and review trade documentation (participation agreements, assignments, confirmations, funding memos).
• Coordinate settlements and funding memos, timelines, and escalation handling.
• Maintain accurate booking and reconciliation of positions across systems (e.g., ClearPar / LoanIQ).
• Ensure compliance with internal policies, regulatory requirements, and KYC standards.

Skills

Loan closing

Loan operations

Secondary loan trading

Trade settlements

KYC/AML coordination

Education

BA / BS

Tools

ClearPar

LoanIQ

Job description

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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 $75,000.00and $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

SMBC is seeking a professional to join the Loan Capital Markets Middle Office to support the execution and settlement of secondary loan trades. This role is responsible for managing the end-to-end closing and settlement process for par and distressed secondary transactions, working closely with trading desks, operations, legal counsel, and agent banks to ensure timely and accurate trade execution.

Role Objectives: Delivery

• Manage the end-to-end secondary loan closing process, including trade capture through settlement.
• Prepare and review trade documentation (participation agreement, assignment and acceptance agreement, trade confirmation, funding memo, settlement notice).
• Coordinate execution of Par/Near-Par (LSTA) settlements, as applicable.
• Coordinate funding memos / flow of funds and settlement mechanics with internal operations and external agent banks.
• Monitor trade settlement timelines, and act as primary point of contact for trade settlement, proactively manage delays or escalations.
• Resolve settlement breaks, cash discrepancies, and delayed compensation claims.
• Liaise with trading desk, legal, agent banks, counterparties, and operations teams to ensure timely execution
• Coordinate KYC/AML and counterparty onboarding, as needed.
• Ensure compliance with internal policies, regulatory requirements, and KYC standards.
• Maintain accurate booking and reconciliation of positions across systems (e.g., ClearPar / LoanIQ).
• Monitor and report settlement delays, while partnering with the trading desk to identify next steps and determine an appropriate resolution strategy.

Qualifications and Skills

• 3–5+ years of experience in loan closing, loan operations, or secondary loan trading support
• Work experience in a corporate bank or other financial institution including syndications team is preferred
• Education: BA / BS required
• Strong understanding of: Secondary loan trading (LSTA/LMA frameworks), Assignment agreements and settlement mechanics, and Credit agreements and transfer provisions
• Experience working with ClearPar and LoanIQ
• Strong attention to detail and ability to manage multiple transactions simultaneously
• Excellent communication and stakeholder management skills
• Works well in a team-oriented environment and able to develop strong relationships with individuals at all levels in the organization

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. 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.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [e-mail].