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 $96,000.00 and $135,000.00. 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

Identify and address all legal and regulatory issues affecting product offerings. Address potential risks of new products, clients and locations. Establish and enforce standards for legal review and sign-off. Ensure that contract elements are consistent with the business's understanding of the transaction, delegated authority and company policies and goals.

Role Objectives: Delivery

Assist in identifying all legal and regulatory issues affecting business unit product offerings, including consumer protection laws, discriminatory practices, usury and lending restrictions, truth in lending laws, privacy / credit reporting, contract standards and policies. Highlight potential risks of new products, clients and locations. Audit standards for legal review and sign-off, ensuring material (size, volume, risk) transactions are cleared. Help ensure that the elements of a contract (offer, acceptance, consideration, legal capacity to contract, terms, etc.) are consistent with the business's understanding of the transaction, delegated authority and company policies and goals. Help ensure that any legal, regulatory or business risks are highlighted, and are either consistent with operating authorities or appropriately mitigated. Draft contracts with vendors, partners, and customers. Monitor laws and regulations relevant to the business area and ensure all relevant parties incorporate changes in documentation, policies and procedures.

Role Objectives: Interpersonal

Develop relationships throughout the business to better understand its operations and strategy so that your legal advice is clear and contextualized. Establish relationships with industry specialists, credit review staff, finance and compliance to evaluate issues and changing requirements in their areas that may affect legal activities. Begin networking within the industry through meetings, events and involvement with trade organizations to better understand emerging trends and expand network of legal advice. Participate in initiatives with other legal units to improve contracting and risk management.

Role Objectives: Expertise

Demonstrate a working understanding of the business's operations and strategy so that your legal work is relevant. Demonstrate a fundamental knowledge of contracting, new and proposed laws, and corporate governance to assist in contract processing. Exhibit solid communication skills when conveying legal and business concepts to ensure contracts reflect the business's intent. Develop a working knowledge of finance and compliance to reduce downstream complexities to recording and executing a contract.

Qualifications and Skills

Recommended years of experience: 3

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.

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.