Credit Planning, Associate

Sumitomo Mitsui Financial Group, Inc. • $78K — $125K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Solid foundation in finance; prior financial services experience preferred.
  • Strong analytical skills for handling and visualizing data.
  • Excellent interpersonal, written, and verbal communication skills.
  • Bachelor's degree required; Master's preferred.
  • Business fluency in English and Japanese is mandatory.
  • Proficiency in Microsoft Office applications, especially Excel, PowerPoint, and Word.
  • Attention to detail and a collaborative mindset.

Responsibilities

  • Drive enhancements in credit risk management processes and policies.
  • Support cross-functional projects with data analysis and visualizations.
  • Coordinate with stakeholders to enhance and transform risk management framework.
  • Provide insights into risk profiles and metrics for high-risk assets.
  • Identify emerging risks through economic and regulatory analysis.
  • Prepare materials for management committees and audits.
  • Lead training for new team members and contribute to departmental goals.

Benefits

  • Hybrid work model allowing flexibility between home and office.
  • Support for training and professional development opportunities.
  • Engagement in cross-functional projects enhancing exposure and collaboration.
Full Job Description


Role Overview

This position supports the Chief Credit Risk Officer as well as Co-Head(s) of CDAD as a business management and coordination function, reporting to the team head in Credit Planning, CDAD. The team is responsible for developing, recommending, communicating and implementing credit risk management policies, strategies and operational guidelines for the organization and its various financial products. The role is responsible for reporting credit risk related reports/documents, to senior management, head office, and regulators.

Role Description

Strategic Initiatives
  • Drive enhancements in credit risk management processes, including updates to credit-related policies, manuals and systems.
  • Support cross-functional projects by providing data analysis, visualizations, and presentation materials.
  • Coordinate with stakeholders in Americas Division and Head Office (Tokyo) to facilitate enhancement and transformation of risk management framework.

Credit Planning & Risk Management
  • Provide insights into risk profiles of the portfolio, including reserves, write-offs and other risk metrics for problematic assets and higher risk sub-portfolios.
  • Identify emerging risks to the portfolio through analysis on economic, financial, and regulatory environments.
  • Prepare materials and orchestrate communications for management committees, regulatory affairs, and internal / external audits.
  • Maintain communication with Credit Officers and Front Office leaders to ensure alignment with credit risk policies and guidelines.

Training & Team Support
  • Lead training and orientation for new team members, sharing institutional knowledge and best practices.
  • Undertake additional tasks and projects as assigned, contributing to departmental goals and risk leadership initiatives.


Qualifications and Skills

  • Solid foundation in finance is essential; prior experience in the financial services industry is preferred.
  • Strong analytical abilities to handle and visualize data; intellectual motivation to identify key structure through research and analytic work
  • Excellent interpersonal, written, and verbal communication skills
  • Bachelor's degree or equivalent required. Master's degree preferred.
  • Business fluency in English and Japanese is mandatory.
  • Strong proficiency in Microsoft Office applications, including Excel, PowerPoint, and Word.
  • Attention to detail
  • Collaborative and team-oriented mindset

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

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