SMBC Lending Management Group
Hello everyone of WSO. I have a super day coming up with the Lending Management Group at SMBC for their analyst program and I was wondering if anyone has any insights on the group?
Job Description:
Within CIBC, the Lending Management Group is responsible for end to end deal execution and portfolio management. The main function of this role is to provide analytical support to the senior members of the LMG team. This individual will support associates and senior level staff in preparing credit applications for approval by the risk management department, reviewing quarterly financial and annual reports, conducting regular credit analysis of the clients in the portfolio, providing research and analytics, and performing other administrative responsibilities as well as ad-hoc tasks as required. You will conduct financial analysis on our clients to assess both historical performance and future expectations. You will gather supporting documentation to facilitate execution of client transactions, liaise with middle and back office for KYC purposes, and handle a variety of system and credit administrative issues related to our clients such as internal grading and monthly/quarterly reporting.
I lateraled in as an associate in that group. Did not stay for long mostly because the work itself was tedious, the internal processes and the system they make you use sucks, and the deals were boring.But I think as a new graduate it's a better option. You will learn some decent credit fundamentals and work with blue chip names as a tier 2 or 3 lender. People generally lateral well out of the bank to LevFin, DCM, and corporate banking roles. A solid backup option.
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From what you have experienced while there are internal laterals to other teams possible/not frowned on?
bump
How were your hours? And vertical if you can share? Interviewing for an associate position right now
Hours were like 9-6/7 on calm days but like any job in finance it's all deal dependent. For a hairy deal I worked past midnight often.
Hello I have an upcoming interview for this position and would love to hear any insights you might have. I'm not able to PM you so if possible could you please PM me? Thanks!
extremely technical superday. last round had me go through some brain teasers & mental math. would grind 400 guide and LBO techs. good to have unique nuance understandings on lower tranche credit instruments, one of the MDs seemed to like that.
GBR is a major L
Currently at SMBC and thinking about a lateral move. Was wondering if you mentioned all the downsides (tedious, processes, boring deals) when interviewing elsewhere? Or is constructively dogging on a place generally not acceptable?
I am a current analyst in that position, happy to answer any questions u may have. The response earlier from me, is semi accurate. Happy to clarify if people are interested.
lol had my super day last Friday. I wish i could have spoke with you than
I have a superday next week, can we get connected
hi, have superday next week in LMG, can you share about your superday experience? specifically any technicals/deal-related questions?
I have my superday next week, can we get connected
hi, have superday next week in LMG, can you share about your superday experience? specifically any technicals/deal-related questions?
have a superday next week, can you speak to technicals i should expect? mostly been prepping with general IB technicals but not risk/credit related, dk what I should look for. also can you talk about what the analysts do specifically?
PM me, I have some availability to speak today.
Could I PM you as well?
.
have you heard back from the interview?
Nah wbu
me neither
Offers were sent out
Yea
Base is 100?
Yea, that's what was said on the job listing
Were the offers just of the LMG group?
do you guys know ~ ballpark for the year end bonus? as analyst 1
From what ive heard, 20-30%. Could be wrong.
I also have a superday tomorrow. I was wondering if there was anyone who can shed more light on the types of clients they have worked with in the LMG group.
fot FT?
hi, have superday next week. can you share about your superday experience? specifically any technicals/deal-related questions?
Hey, I'm actually in the process of applying for the role. I was wondering if you could share with me your experience of the process (i.e., what technicals you got, etc).
CIBC or SMBC?
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