2027 Summer Intern Program – Capital Markets Origination

InternCapital Markets OriginationNew York, NY
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Company Overview

SMBC hosts a 10-week Summer Intern Program for undergraduate students who will have the opportunity to work on teams, be exposed to significant firm-wide projects within their respective business areas and support a range of deals with our clients.

Participants in our Summer Intern Program will work on a variety of projects including building financial models, developing client presentations, conducting research, and participating in client meetings – all to improve their understanding of the global banking industry.

Our Summer Intern Program is a pipeline to our full-time Analyst Program.

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Who We Are

SMBC Group is a top-tier global financial group. Headquartered in Tokyo, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. In the Americas, we are more than 6,000 employees strong with a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

Built upon a foundation that leverages the perspective of more than 400 years of history, our Japanese heritage affirms a sense of honor and commitment that is increasingly rare in the financial world. Our deeply-held values of service, respect, and integrity are present in everything we do. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, we offer a range of commercial and investment banking services to our corporate, institutional, and municipal clients. We connect a diverse client base to local markets and the organization’s extensive global network.

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.

Desk Description

We are currently hiring into the following Capital Market Origination Groups:

  • Debt Capital Markets

    • The Debt Capital Markets group is responsible for delivering the full spectrum of debt financing solutions and execution for the bank’s investment grade clients. DCM advises on structure, price, and strategy for primary market debt offerings, often part of broader multi-product pitches. Summer Interns may gain exposure to conversations between issuers and fixed income investors, hybrid capital structuring advisory, advising on debt portfolio optimization via liability management exercises, and deal execution, among other fixed income financing solutions.

  • High Yield Capital Markets Group

    • The High Yield Capital Markets group is responsible for providing capital markets advisory for non-investment grade rated corporations and sponsor portfolio companies. The group advises on capital structure, new issue pricing, and syndication strategies for new debt offerings. High Yield Capital Markets also provides “real-time” market insight by leveraging the High Yield Sales & Trading team’s direct feedback from investors.

  • Securitized Products

    • The Securitized Products Group (SPG) is responsible for the origination, structuring, and execution of structured finance products including Term ABS, ABCP/ABL, and CLOs, among others. As a part of SPG, Summer Interns will help the team advise on structural execution alternatives and strategies, provide market and pricing updates to new and existing clients, and drive broader cross-sell opportunities for the Bank.

  • Loan Capital Markets

    • The Loan Capital Markets Department is responsible for the structuring, underwriting, execution and distribution of syndicated loan transactions across all industry and origination groups at SMBC. LCM professionals work with and advise the front office marketing (origination) units in order to successfully pitch corporate and financial sponsor clients in a combined effort to win lead-mandates for syndicated loan facilities. Proposals to prospective clients usually involve coordination and partnership with other SMBC and Nikko (our Securities unit) product groups (Debt Capital Markets, FX, Derivatives Marketing and so on) in order to provide comprehensive, multiproduct financing solutions to our clients. Once a lead mandate for a syndicated loan is received, the LCM team is responsible for execution and distribution of loans to both banks and institutional investors.

  • Leveraged Finance

    • SMBC’s Leveraged Finance Group is a well-established and rapidly growing platform in the US which will offer firsthand experience into the private equity space. The group’s primary mission is to originate, structure, and execute leveraged financing solutions to support financial sponsor activity. Team members work to provide cash flow and asset-based financing solutions to support leveraged buyouts (LBO) and other merger & acquisition (M&A) transactions recapitalizations, refinancing, add-on acquisitions, and other financing events for private equity backed companies. Candidates will contribute meaningfully to the transaction process within a variety of different industries including diversified industrials, healthcare, consumer and retail, technology, food and beverage, and other end markets. Summer Interns will develop a core skillset of credit and capital markets analysis with responsibilities including fundamental due diligence, financial statement analysis, cash flow projection modeling, preparation of pitch materials, and other activities to support transaction execution.

  • Capital Solutions Group

    • The Capital Solutions Group (CSG) at SMBC focuses on balance sheet optimization, leveraging innovative strategies to enhance returns and capital efficiency amidst evolving regulatory and market conditions. CSG deploys a range of solutions tailored to bank balance sheet needs, including synthetic risk transfers, securitizations, transfer of assets, and portfolio back leverage. As part of CSG, Summer Interns will provide support to senior CSG team members by collaborating with SMBC’s lending teams, risk management, and leadership to drive strategic firm initiatives.

Program Details

Why SMBC?

At SMBC, we connect the diversity of our employees to the resilience of our firm. We strongly encourage an inclusive environment so that our staff can be their authentic selves and fully thrive in their roles. It is our belief that diversity is not only about demographic differences but also of thought, knowledge, skills, and culture. The acceptance of such diversity strengthens each one of us and is essential to the success of our firm. We are deeply committed to attracting and retaining a high-performing, talented, and diverse workforce.
We are a market leader. The evolution of SMBC’s products and services is driven by the ever-changing needs of companies across the globe in every industry sector. SMBC takes market-leading positions and has been consistently recognized in the banking industry for providing outstanding financial services.
Our corporate relationships are built on trust. To successfully navigate an uncertain economy while also capitalizing on the opportunities that rise, clients count on SMBC to take a long-term view that emphasizes stability and attention to the numbers. This approach has served our clients well.

Our competitive advantage:

  • A strong client base with broad coverage of the Fortune 500
  • Worldwide operations enable us to provide clients with global solutions, make SMBC the leading choice for U.S. businesses expanding in Asia
  • A solid balance sheet and conservative approach

How Our Program Works

Our Summer Intern Program is designed for students who completed their junior year.

This 10-week program commences in June and includes:

  • Orientation
  • Training with on-the-desk experience
  • Senior Speaker Series
  • Japanese cultural activities
  • Social networking activities
  • Volunteer Day with a local nonprofit
  • Mentorship opportunity with both a junior and senior mentor at SMBC

The successful candidate will possess or demonstrate the following personal and professional attributes:

  • Currently pursuing an undergraduate degree from an accredited university with a graduation date of December 2027 or May 2028; excellent academic record
  • Exceptional written and verbal communication skills with specific ability to communicate concepts and ideas concisely
  • Ability to comfortably interact with clients in a professional and mature manner
  • Outstanding ethics, integrity, and judgment
  • Intellectual curiosity
  • Comfort in and commitment to a strong teamwork environment
  • Highly organized, detail oriented, self-driven, and motivated
  • Advanced Word, Excel, and PowerPoint skills and the ability to quickly learn new software applications

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.

Benefits Offered

At SMBC, we offer a comprehensive benefits package designed to attract, retain, reward, and motivate full-time employees and their families. Our offerings include medical, dental, and vision coverage, flexible spending accounts, well-being programs, a 401(k) with matching contributions, a cash balance plan, life and AD&D insurance, short and long-term disability coverage, vacation and personal time, holidays, sick time, an Employee Assistance Program, commuter benefits, and tuition and professional training reimbursement.

What's Next?

  • Applications will be reviewed on a rolling basis. We encourage you to submit your application as early as possible as we start conducting assessment rounds ahead of the deadline. Applications close on January 15 at 12:00PM ET.
  • Help us learn about you by submitting a complete application which includes your resume. After you confirm your application, we will review it to determine whether you meet certain required qualifications.
  • If you are advanced to the next step of the process, you’ll receive an email invitation to complete a video interview. This is your opportunity to further bring your resume to life and showcase your experience for our recruiting team and hiring managers.
  • Completion of the video interview is required, and your application will not be considered for further review until you have completed it. We strongly encourage that you apply and complete this as soon as possible, since programs will close as positions are filled.

If you need a reasonable accommodation during the application process, please let us know at campusrecruitment@smbcgroup.com.