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Tax Counsel Vice President

Sumitomo Mitsui Banking Corporation
Posted 21 hours ago, valid for 13 days
Location

New York, NY, US

Salary

$178,000 - $235,000 per year

Contract type

Full Time

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 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., SMBC MANUBANK, 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 $178,000.00 and $235,000.00. 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

We are seeking a Tax Counsel, Vice President to perform all functions of a Tax Attorney, including review legal documentation and advise on transactions, analyze tax laws, assist with tax compliance and tax audits, assist with strategies to reduce tax costs and tax risks, etc.

Responsibilities

  • Review legal documentation (e.g., credit agreements, ISDAs, etc.) and advise on transactions from a tax perspective.
  • Conduct U.S. tax and international tax research and writing (i.e., memorandum of law to file), including researching double tax treaties and permanent establishment issues.
  • Provide U.S. tax advice to tax compliance colleagues and to legal, business, finance, and senior management stakeholders.
  • Provide tax and financial audit support for various U.S. entities in response to IRS, SALT, and financial auditor inquires.
  • Monitor changes in tax laws and assess their impact, review tax planning ideas, and assist with tax structuring needs.

Qualifications and Skills

  • Juris Doctor degree from an accredited law school and active license to practice law is required.
  • Minimum five years of relevant experience in a law firm, financial institution, accounting firm, and/or corporate legal or tax department.
  • Knowledge of and experience with U.S. tax, including international tax, tax structuring and tax planning, and the taxation of financial services, lending transactions, and capital markets activities, etc.
  • Preferred knowledge of domestic and cross-border fund structuring and experience across asset classes (e.g., private credit, infrastructure, private equity, etc.).
  • Self-starter with a demonstrated ability to work independently, take ownership of responsibilities, ensure timely follow-up, and effectively manage internal and external stakeholder relationships.
  • Strong client-focused mindset with the ability to advise internal and external stakeholders, respond to inquiries with timely and practical guidance, and communicate complex tax matters in a clear and concise manner.
  • Strong research and writing skills, critical thinking ability, and problem resolution skills.

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 accommodations@smbcgroup.com.




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