SMBC Group

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Summer Intern - SMBC Leasing and Finance

Summer Intern - SMBC Leasing and Finance

Job Locations 
US-NY-New York
Career Category 
Summer Intern Program
Position ID 
DJOB
Corporate Title 
..
Posting Date 
11/13/2017
Type 
Temp

More information about this job

Overview

Who We Are

Sumitomo Mitsui Banking Corporation (SMBC) and its subsidiaries offer a broad range of financial services centered on banking. We are also engaged in the leasing, securities, investment, mortgage securitization, venture capital and other credit related businesses. We manage risk in a prudent, proactive and professional manner, to protect our stakeholders and their interest in our business.

 

As we continue to grow our presence in the Americas, SMBC is looking for talent to support our business goals. We encourage ongoing professional development and the success of our employees as SMBC continues to service its clients around the globe.

 

What is the Opportunity?

SMBC hosts a eight-week Summer Intern Program for undergraduate students where they have the opportunity to work on teams and be exposed to significant Bank projects within their respective business units where they can support a range of deals with our clients. Participants will also be able to join internal bank-wide events, which will include learning from senior managers across different business areas. Our Interns will meet and interact with current analysts as well as with a cross-section of Bank managers and staff. At the conclusion of the program, participants will be required to prepare a final case study, which they will present to senior management.

 

Our Summer Intern Program is an excellent gateway to our full-time Analyst Program.

 

How the Program Works

Highlights include:

 

  • Hear from senior and junior-level employees about their careers at SMBC
  • Learn Japanese by joining our Beginner Japanese language class
  • Explore our eLearning resources lynda.com, and Intuition
  • Gain an understanding of our individual business and banking areas through our Kaizen Series
  • Visit Bloomberg offices for behind-the-scenes tour and hand-on training with dedicated research analysts
  • Network with current analysts at SMBC during team trivia night
  • Volunteer with your fellow interns on a special project
  • Participate in a Q&A panel on future opportunities at the Bank with current analysts
  • Prepare and deliver final case study

 

SMBC Leasing and Finance is a subsidiary of the bank and functions as the secured lending arm of SMBC through asset finance usually for high value capital equipment.

 

High Value Capital Equipment includes:

  • Rail cars
  • Aircrafts
  • Trucking
  • Maritime and manufacturing equipment
  • Corporate real estate, power generating, industrial and commercial facilities related equipment and IT equipment

 

The Leasing and Finance team specializes in originating, structuring, arranging and investing in tax and non-tax oriented leases. The group can act as advisors, underwriters, deal arrangers, equity/debt placement agents, originators or principals. The business will provide a full range of leases and other asset based financing products, including tax leases, purchase/leasebacks, synthetic leases, construction financing, mezzanine loans, secured loans and capital leases for SMBC’s clients.  The team has done multiple domestic U.S. and cross border transactions. The group’s line of work is all Client-focused banking and they will work closely with SMBC clients to provide solution-oriented proposals.

 

Responsibilities

    • See as much as possible during time here
      • Interns will have the opportunity to rotate within LF to have exposure and learn about all the different groups within
    • See the process the group goes through to make deals
    • Help with proposals, credit application
    • Industry lookup and analysis
      • Especially if it’s a new asset type the group will rely on the intern for research
    • Assist with meeting and marketing materials
  • Analysis of financial statements
  • Listening in on conference calls
  • Participate and ask questions afterwards to the team on observations
  • Important to be a self-starter, ask the team for projects if you’re not currently doing anything

Qualifications

  • Finance/Accounting courses
  • Desire to Finance Assets
  • Interest (or experience/courses) in accounting/ tax
  • Analytical
  • Mathematic
  • Excellent written and oral communications
  • Strong presentation skills
  • Self-starter
  • Ability to manage multiple priorities
  • Fast and Eager leaner
  • Detail Oriented
  • Deliver results and meet demands
  • Terminal experience a plus