Credit Associate (Bilingual Japanese/English Required)

Sumitomo Mitsui Banking Corporation•New York, NY

77d•$78,000 - $125,000•Hybrid

About The Position

SMBC Group is a top-tier global financial group with a 400-year history, offering diverse financial services. In the Americas, SMBC Group provides commercial and investment banking services to corporate, institutional, and municipal clients, leveraging its global network. The Credit Associate role focuses on analyzing the creditworthiness of US subsidiaries of Japanese and/or Asian companies to prepare credit applications. This position reports to a team leader, collaborates with relationship managers, and requires communication with credit departments in both the US and Japan.

Requirements

Minimum 5 years of experience working at a corporate bank or other financial institution.
Highly proficient MS Excel, Word and PowerPoint skills are required.
Japanese language skill is required.
Bachelor’s degree in Finance, Business or Accounting preferred or equivalent education and training.

Nice To Haves

Formal credit training preferred.

Responsibilities

Conduct analysis and research on the performance of borrowers and parents to assess historical performance and future projections, including cash flow analysis and risk capital calculations.
Gather support documentation to structure deals, liaise with middle and back office for KYC purposes, and assist in drafting pre-screen memos for the Credit Department.
Conduct quarterly and annual reviews of loan portfolio and handle system and procedural issues related to borrowers such as internal grading, monthly/quarterly reporting, and other ad hoc projects.
Assist with amendments, new originations, loan closings and funding, and other credit events that may impact the borrower.
Undertake research and analytics related to specific sectors, regions or loans, and stay abreast of current market conditions.
Provide ad hoc reports for management.