Senior Credit Officer I Apply
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. SMFGs 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 organizations extensive global network. The Groups operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, 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 $109,000.00 and $176,000.00. 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
The Credit Department maintains sound credit management activities liaising where appropriate/necessary with various other departments including Risk (RMDAD) and Legal (PDAD) to approve or disapprove and guide specific customer transactions and credit ratings, and monitoring of portfolio coverage, in accordance with regulatory requirements and SMBC approval authorities, policies and procedures. This position is a technical expert and a reliable, knowledgeable resource, and trains/educates more junior analysts to ensure consistent, strong decision making across the dept. Limited delegated approval authority is in place.
Role Objectives
Reporting to the Group Head (DGM), the Sr Credit Officer II makes credit recommendations and decisions on complex credit transactions primarily for Corporate and Structured Finance across the Americas and under various products and industry sectors.
- Ensure sound practices in the credit approval process across the organization.
- Conduct required analysis of various credit risk elements for new and existing transactions for corporate credits and structured finance in coordination with Front Office and senior management including approval authorities.
- Maintain communication with senior managers in Front Office to ensure credit standards/policies are fully understood.
- Manage research and analysis of client's financial performance, continuous monitoring of events and strength of credit portfolio.
- Closely monitor relevant market indices as well as industry developments.
- Participate in the preparation of monthly/quarterly reviews of borrowers, sectors and products to track compliance and identify and raise any potential credit concerns to appropriate business teams.
- Participate in deal and credit approval process, ensures appropriate communication with all relevant parties, and adherence to credit policies and approval authorities.
- Engage in restructuring and/or workout process to protect the Bank's assets and maximize recovery.
- Guide and support business lines, product groups, examination function, legal and risk management function on high level credit and risk related issues.
- Prepare information for internal Bank meetings.
- Responsible for training junior analysts.
- Monitor assigned portfolio and promptly report on key events (i.e. downgrades, event of default, dtc.) to management.'
- Undertake other related tasks and projects as required and assigned.
Qualifications and Skills
5-10 years of Leveraged Finance credit risk experience
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
SMBCs 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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
