Credit Officer / Financial Institutions

Sumitomo Mitsui Financial Group, Inc. • $138K — $185K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
Reposted Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5-7 years of relevant experience in financial services, specifically in credit analysis.
  • 3-5 years of experience covering the Financial Institutions (FI) sector.
  • Solid understanding of finance and accounting principles, alongside knowledge of financial products.
  • Strong communication skills, both written and verbal, for effective presentation and documentation.
  • Ability to quickly analyze and summarize credit applications under tight deadlines.
  • Flexibility to handle multitasking environments and adapt to SMBC's credit philosophy.
  • Team player mentality with a willingness to collaborate across departments.

Responsibilities

  • Analyze credit risk factors in transactions with various financial institutions in the Americas.
  • Review counterparty credit risk, deal structures, and terms of transactions.
  • Prepare and present executive summaries of credit applications to management.
  • Coordinate credit approval processes between the front office and Credit Department management.
  • Monitor credit quality across counterparties and transaction portfolios.
  • Provide feedback to the front office to enhance credit application quality and policy compliance.
  • Ensure adherence to US regulatory requirements for all credit applications.

Benefits

  • Hybrid workforce model allowing work from home and office flexibility.
  • Participation in various employee initiatives and projects.
  • Support for career development and continued education opportunities.
  • Access to reasonable accommodations for candidates with disabilities.
Full Job Description
Role Description

SMBC is seeking a Vice President in the Credit Department with solid foundation in accounting and finance and strong ability to analyze elements of credit risk in various transactions with financial institutions in the Americas.

The Vice President's main responsibility entails the review of credit applications submitted by the front office and to prepare/present executive summaries and recommendations to the management of the Credit Department.

Responsibilities

  • Analyze various elements of credit risk primarily in transactions with financial institutions (Banks, Broker/Dealers, Insurance, 1940 Act Funds, BDCs, Private Funds, Asset Managers, Structured transactions, etc.) in the Americas
  • Scope of analysis and review includes, but not limited to, counterparty credit risk, deal structure, facility terms and conditions, transaction background, profitability, and relationship strategy.
  • Prepare and present written executive summaries/comments of credit applications submitted from the front office to the management of the Credit Department
  • Coordinate the credit approval process by liaising between the front office and the management of the Credit Department
  • Conduct the monitoring of credit quality of the counterparties and transaction portfolio
  • Provide feedback and guidance to front office to ensure consistent and complete credit applications and compliance with internal policies and procedures
  • Ensure US Regulatory requirements are met with each credit application
  • Other credit related works/projects as assigned


Qualifications and Skills

  • 5-7 years of relevant work experience in the financial services industry within the credit function as a credit analyst, including at least 3-5 year of experience in covering the FI sector
  • Solid foundation in finance and accounting, as well as knowledge in the FI sector and various financial products, are required
  • Ability to adapt to SMBC's credit philosophy and risk appetite
  • Excellent written and verbal communication skills
  • Ability to read/analyze the contents of credit application and prepare written summary in a short span of time
  • Flexibility to work under tight deadlines and in a multitasking environment
  • Ability and willingness to work as a team player

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.

About Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial Group, Inc. Careers

There has never been a more opportune time to join the dynamic team at Sumitomo Mitsui Financial Group, Inc. (SMFG)—a leading force in the financial services industry recognized for its leadership in innovation and diversity.

Explore Job Opportunities

Sumitomo Mitsui Financial Group, Inc. offers a plethora of job opportunities that cater to a variety of skills and interests. The company is renowned for its commitment to professional growth and leadership development, making it an ideal environment for ambitious individuals looking to advance their careers.

Experience Professional Growth

At SMFG, career advancement is not just a possibility but a priority. The company supports its team members with extensive training programs, including leadership development and diversity training, ensuring that every employee has the tools and knowledge necessary to succeed.

Join a Diverse and Inclusive Team

Diversity and inclusion are at the core of the company culture at Sumitomo Mitsui Financial Group, Inc. With a global team that values unique perspectives and fosters a collaborative and inclusive environment, SMFG is a place where everyone can thrive.

Internship Programs

For those starting their career journey, SMFG offers internship programs that provide a robust foundation in the financial sector. Interns gain invaluable experience, working alongside seasoned professionals and engaging in projects that offer real-world applications of their studies.

Benefits and Culture

Sumitomo Mitsui Financial Group, Inc. is dedicated to not only attracting but also retaining top talent by offering competitive benefits that enhance both personal and professional life. The company culture promotes work-life balance, employee well-being, and continuous learning.

Innovative Work Environment

Innovation is a key driver of SMFG’s success. Employees are encouraged to bring forward-thinking ideas to the table and are provided with the resources to transform these ideas into actionable solutions that drive the financial industry forward.

Networking and Career Development

Networking opportunities within SMFG are abundant. Employees are encouraged to connect with colleagues and industry leaders through various platforms and events, enhancing their professional network and opening doors to myriad career opportunities.

Apply for a Position

Sumitomo Mitsui Financial Group, Inc. is actively hiring and looking for talented individuals who are passionate, curious, and driven. Explore open positions that match your skills and interests on the SMFG careers page.

Stay Connected with SMFG Careers

Keep up to date with the latest career tips, industry insights, and company news from Sumitomo Mitsui Financial Group, Inc. Subscribe to receive updates and stay informed about new job openings and employment trends.

Prepare for Your Interview

Aspiring to join SMFG? Prepare your resume to reflect your best self and gear up for the interview process where you can showcase your skills and passion for finance and innovation.

Career Opportunities Await

At Sumitomo Mitsui Financial Group, Inc., the potential for professional development and personal growth is limitless. Discover the exciting and rewarding career opportunities that await at SMFG, where every position contributes to the company’s global success and leadership in the financial industry.
Learn more about Sumitomo Mitsui Financial Group, Inc.
Industry
Finance & Insurance
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Sumitomo Mitsui Financial Group, Inc.

More Finance & Insurance Jobs

Find similar Credit Officer / Financial Institutions jobs:

NationwideNew York, NY