Credit Officer Associate

Sumitomo Mitsui Banking Corporation • New York, NY

34d • $84,000 - $131,000 • Hybrid

About The Position

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 $84,000.00 and $131,000.00. 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 DescriptionSMBC is seeking an Associate with commensurate experience / skills in credit risk analysis for US subsidiaries of Japanese parent companies. Review & challenge of credit applications submitted by the front office(s) and prepare executive summaries / written recommendations to 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. The coverage includes lending transactions related Japanese Corporates and their related financial products (derivative, hedging etc.). The scope of the analysis and the review includes, but not limited to, obligor credit risk, projections, transaction background, deal structure, facility terms and conditions, US regulatory classification, profitability, and relationship strategy.

Requirements

• Minimum 3+ years of relevant work experience preferably within a credit risk function (formal credit training preferred).
• Solid knowledge of market practices in corporate finance. Undergraduate degree in Finance, Business Administration or related fields. MBA/CFA or other professional qualification preferred.
• Experience to handle individual accounts / deals is highly regarded.
• Capability to take a standard corporate transaction from inception to approval, with some guidance and supervision where appropriate.
• Ability to manage significant deal volume in a fast-paced environment and analyze credit application and prepare written summary in a short timeframe and in a multitasking environment.
• 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.

Nice To Haves

• Business fluency in Japanese is preferred, but not a requirement.

Responsibilities

• Conducts required 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.
• Prepare written executive summaries/comments of credit applications submitted from the front office and present to the management of the Credit Department.
• Controls deal 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 and promptly reports on key events (i.e. downgrades, event of default, etc.) to management.
• Participates in the periodic meetings to review specific borrowers and sectors to support front offices to set appropriate action plans for deteriorating credits.
• Engage with front office to assist with due diligence and structuring, identify key credit risks and main credit concerns and challenge assumptions prior to formal credit submission.
• Other credit related tasks/projects as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees