Counsel, Vice President - Toronto, Canada - Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Overview:

The Vice President and Counsel for Sumitomo Mitsui Banking Corporation will work within the Legal Department and report to the Deputy Head of the Lending Practice Group in New York.

As a local embedded employee of SMBC Canada Branch, the primary work location will be in Toronto, Canada.

For local employee matters, there will be a dotted line reporting to the Head of Compliance of the Canada Branch.

The work will be hybrid, with 2 days a week expected in the office.

Responsibilities:

Primary responsibilities of the VP and Counsel, will be to act to support to the Canada Branch on Canadian law matters as an embedded member of the Legal Department.

Transactional (50%): As a member of the Lending practice group within the Legal Department, the attorney will assist SMBC Canada Branch's commercial banking transactions.

Duties include:
(i) reviewing, drafting, and negotiating documentation for credit transactions, such as bilateral and syndicated credit agreements, reimbursement agreements, guarantees, security agreements, engagement letters, commitment letters, fee letters, term sheets and NDAs, (ii) working closely with the front office and other internal stakeholders to assist with the structuring and coordination of credit transactions, (iii) supervising and managing external counsel, (iv) identifying and analyzing cross-border legal, regulatory, and market issues affecting the commercial lending businesses, including the legal risk associated with new products and activities, (v) maintaining and updating form documents, (vi) providing periodic advice to other SMBC offices on matters of Canadian law and market practice, and (vii) participating in continuing legal education seminars of relevance to the commercial lending businesses and participating in relevant industry groups (e.g., LSTA) in order to maintain current knowledge of developing law and market practice.

Procurement and Sourcing (30%): Work with the Technology, Operations, and Procurement (TOP) practice group of the Legal Department, to assist the third-party contract needs for the Canada Branch

Duties include:
(i) reviewing, drafting, and negotiating vendor contracts, (ii) working closely with third party risk management and various stakeholders, (iii) supervising and managing external counsel that are engaged to assist with third party contracts, to ensure the work product is consistent with broader practice and risk tolerance for the Americas Division.

Qualifications:

Admission to the Ontario bar (or clear qualification of eligibility for waiving in from another jurisdiction) and a member of good standing of such bar.

4 years minimum experience at a law firm or in-house legal department advising financial institutions on bilateral and syndicated commercial lending transactions.

Excellent legal and analytical skills, and the ability to provide sound legal advice with good judgment with emphasis on professional code of conduct of attorneys and integrity.

Broad experience in general credit transactions and cross-border financing is preferred.

Excellent communication skills, technical drafting skills, and issue-spotting skills.

Ability to work under pressure, operate comfortably in a fast-paced, demanding environment, and manage a significant workload with mínimal supervision.

Ability to think creatively and propose solutions.

Must be a team player.