Credit Officer / LBO

Sumitomo Mitsui Financial Group, Inc. • $80K — $135K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • Minimum 3+ years of credit risk experience, preferably with formal training.
  • Strong knowledge of middle market and non-investment grade large cap leverage loans.
  • Experience working with US regulators (Fed, OCC, FDIC) is preferred.
  • Ability to adapt to SMBC's credit risk framework and philosophy.
  • Critical thinking skills to assess portfolio creditworthiness under various economic conditions.
  • Strong organizational, oral, and written communication skills.

Responsibilities

  • Review and assess credit applications from the front office.
  • Prepare executive summaries and recommendations for management.
  • Engage with front office to assist in due diligence and structuring.
  • Coordinate the credit approval process between front office and management.
  • Monitor problem assets and present reports to management.
  • Contribute to portfolio and loan reviews and special credit projects.
  • Ensure compliance with internal policies and US regulatory requirements.

Benefits

  • Participation in a hybrid workforce model allowing work from home and office.
  • Flexible work schedule adjusted during the interview process.
  • Reasonable accommodations for applicants with disabilities.
Full Job Description


Role Description

  • Review and challenge of credit applications submitted by the front office and the preparation / presentation of executive summaries and recommendations to the management of the Credit Department.
  • The coverage includes lending transactions related to Middle Market LBOs and their related financial products (derivative, hedging etc.) but also to Non-Investment Grade Large Cap borrowers with complex capital structure and leveraged loan transactions (leverage lending and/or ABL transactions).
  • 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

  • Analyze various elements of credit risk and transaction specifics, primarily for Middle Market obligors, and provide an effective review and challenge to the front office (line 1).
  • Prepare written executive summaries/comments of credit applications submitted from the front office and present to the management of the Credit Department.
  • 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.
  • Coordinate the credit approval process by liaising between the front office and the management of the Credit Department.
  • Provide feedback and guidance, as necessary, to business units to ensure compliance with internal policies and procedures standards.
  • Monitor and supervise problem assets including classified loans and present written memorandum/reports to management.
  • Contribute to portfolio review, loan reviews and pass watch or any special credit reviews.
  • Manage compliance with internal policies, workflow procedures and ensure US regulatory requirements are met in each credit application.
  • Stay informed about relevant regulations and industry best practices.
  • Other credit related work/projects as assigned.


Qualifications and Skills

  • Minimum 3+ years of relevant work experience preferably within a credit risk function (formal credit training preferred, second line of defense).
  • Experience and knowledge of middle market (and non-investment grade large cap) leverage loans highly preferred.
  • Prior experience interacting with US Regulators (Fed, OCC or FDIC) preferred.
  • Ability to adapt to SMBC's credit philosophy and risk appetite.
  • Critical thinking to understand factors impacting portfolio creditworthiness such as economic downturn, market volatility, industry disruptions or changes in interest rates, and ability to analyze a vast and complex amount of information and quickly render credit decisions.
  • Risk sensitivity and ability to steer decisions through discussions with the business units.
  • 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.
  • Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of support and business partners.
  • Undergraduate degree in Finance, Business Administration or related fields. MBA/CFA or other professional qualification 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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