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Senior Credit Officer
| Estimated Pay | $25 per hour |
|---|---|
| Hours | Full-time, Part-time |
| Location | New York, New York |
Compare Pay
Estimated Pay$17.04
$25.00
$37.22
About this job
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 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 $109,000.00and $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.
SMBC is seeking a Vice President with sufficient experience and skills in credit risk analysis for US subsidiaries of Japanese parent companies. The main responsibility includes the review & challenge of credit applications submitted by the front office(s) and prepare executive summaries / written recommendation for the management of the Credit Department. It is also expected to work with front office to improve quality of credit applications to expedite the approval process.
- Conductrequired analysis of various credit risk elements for new and existing transactions for corporate credits in coordination with front office and senior management based on the solid knowledges around financial analysis and US regulatory requirements.
- Controldeal and credit approval process, ensures appropriate communication with all relevant parties, with adherence to credit policies and approval authorities.
- Analyze client's financial performance, and continuously monitor risk events and quality of portfolio.
- Participatein the periodic meetings to review specific borrowers and sectors to support front offices to set appropriate action plans for deteriorating credits.
- Monitor an assigned portfolio and promptly reports on key events (i.e. downgrades, event of default, etc.) to management.
- Provideappropriate guidance to junior staff in the department / group.
- Undertakeother related tasks and projects as required and assigned.
- Solid knowledge of market practices in corporate finance, especially for US subsidiaries of Japanese parent companies.
- The experience to handle individual accounts / deals is highly preferred.
- Capability to take a standard corporate transaction from inception to approval, with some guidance and supervision where appropriate.
- Good working knowledge of credit and risk principles including corporate finance, securitization, ABL, supply chain finance, ARP, lease finance, and accounting.
- High level of IT literacy, strong written and verbal communication skills (supporting preparation of succinct and focused credit papers), and strong interpersonal skills (supporting collaboration / teamwork).
- Willingness to learn the Bank's structure, policies and procedures and new culture / mindset.
- Strong analytical skills; detail oriented.
- Good organizational skills; ability to prioritize work and manage time effectively.
- Business fluency in Japanese is preferred.
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.
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.
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.
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