Credit Officer / Large Cap Corporates

Sumitomo Mitsui Financial Group, Inc. • $138K — $185K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
More than 3 months ago
Job Overview by Ladders

Qualifications

  • 5+ years of experience in a credit risk function, ideally with formal credit training.
  • Undergraduate degree in Finance, Business Administration, or a related field; MBA/CFA preferred.
  • Experience handling individual accounts or deals is highly regarded.
  • Ability to manage high deal volume and summarize credit applications in a fast-paced environment.
  • Strong knowledge of credit and risk principles in corporate finance.

Responsibilities

  • Review and analyze credit applications and prepare executive summaries for management.
  • Engage with front office teams to enhance the quality of credit applications.
  • Conduct detailed analysis of credit risk elements for corporate transactions.
  • Control the credit approval process and ensure compliance with policies.
  • Monitor client financial performance and report key events to management.

Benefits

  • Hybrid work model allowing flexibility between home and office.
  • Comprehensive benefits package included for employees.
  • Opportunities for professional growth and development.
  • Supportive work environment with team collaboration.
Full Job Description


Role Description

SMBC is seeking a Vice President with commensurate experience / skills in credit risk analysis for US subsidiaries of Japanese parent companies.
  • Review & challenge of credit applications / early read memos / ISDA agreements 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.


Role Objectives

  • 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.
  • Controls deal and credit approval process, ensures appropriate communication with all relevant parties, with adherence to credit policies and approval authorities.
  • Prepare written executive summaries/comments of credit applications submitted from the front office and present to the management of the Credit Department.
  • 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.
  • Provides appropriate guidance to junior staff in the department / group. The experiences in team management (leadership) are preferred.
  • Other credit related tasks/projects as assigned.


Qualifications and Skills

  • Minimum 5+ 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.
  • Business fluency in Japanese is highly preferred.

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

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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

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