Borrower in Custody (BIC) Program Analyst

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., 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 $67,000.00 and $88,000.00. 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 BIC program Analyst must follow the guidelines given by FRBNY to determine whether loans are eligible or ineligible as collateral. The guideline list certain criteria and/or loan attributes that makes a loan ineligible to be pledged under the BIC program. A BIC checklist template put together by CTDAD containing questions incorporating these criteria must be completed for each loan to aid in the determination of each loan’s eligibility to be pledged. Principally, Analyst reviews loan documents including collateral and security documents to prepare the BIC checklist for each loan to determine if the loan is eligible or not to be pledged under the program.

Responsibilities

• Review deal's documentation for potential eligibility to the FRBNY BIC Program each month.

• Determine the type of deal and facility can be pledged.

• Documentation review consists of Legal documents such as Security Documents, Credit and Loan Agreements, Guaranties and other documents.

• Determine the state of jurisdiction and country for obligors and of future obligors -if allowed.

• Determine the location of Deal's security and future security -if secured.

• Make distinction of syndicated deals from sole borrowers to understand if any assignment/sale restrictions apply.

• Review Federal pledge in accordance with Loan Syndication and Trading Association guidelines (LSTA conforming) language in Credit/Loan Agreements.

Risk & Control

• Identify and escalate loans discrepancies, operational risks, and potential compliance concerns.

• Ensure adherence to internal control procedures and operational standards.

• Support audit, regulatory, compliance, and risk management reviews.

• Maintain appropriate documentation and evidentiary records for all transactions.

• Assist in the investigation and resolution of incidents and exceptions.

Client & Stakeholder Management

• Liaise with Front Office, Relationship Managers, Loan Operations, Legal, Compliance, and clients regarding documentary requirements and discrepancies.

• Communicate findings clearly and professionally to internal and external stakeholders.

Operational Excellence

• Contribute to process improvement and automation initiatives.

• Assist in developing procedures, training materials, and best practices.

• Participate in testing and implementation activities for new systems, controls, and regulatory requirements.

• Support departmental projects and strategic initiatives as required.

Qualifications and Skills

• 2-5 years of experience in Loan Pledging processing.

• Strong understanding of Loan Agreements.

• Experience reviewing and examining loan documentation.

• Understanding operational risk, compliance, AML, and sanctions requirements.

• Strong analytical and problem-solving skills.

• Ability to manage multiple priorities within a deadline-driven environment.

Technical Competencies

• Loan Documentary examination

• Risk and control awareness

• Regulatory and compliance knowledge

• SWIFT messaging knowledge

Behavioral Competencies

• Strong attention to detail

• Excellent written and verbal communication

• Client-focused mindset

• Sound judgment and decision-making

• Ability to work independently and collaboratively

• Continuous improvement orientation

Success Measures

The successful candidate will:

• Consistently review Loan Agreements accurately and within agreed service levels.

• Minimize operational losses and processing errors.

• Maintain a strong control environment and regulatory compliance.

• Deliver a high-quality client experience.

• Contribute to operational efficiency, process enhancement, and risk reduction initiatives.

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 [email protected].

EOE, including Disability/veterans