Head of Large Cap Corporates

 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 $300,000.00 and $375,000.00. 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 Description

As Head of Large Cap Corporates (CCM) Vertical, this individual will serve as an Senior Credit Officer with Delegated Approval Authority responsible for ensuring the safety of SMBC’s assets through sound credit risk management while aligning with the strategic direction of the business for growth, including department goals and the overall Bank. Utilizing approval authority, the CCM Head will serve in an adjudication and escalation approval function for credit applications of new and existing credits where there is a greater level of risk requiring expert oversight. They will report to the Managing Director and General Manager of CDAD and the U.S. Chief Credit Risk Officer (U.S. CCRO).

Role Objectives: Delivery

• Oversight of application of SMBC’s Credit Risk Policies and Procedures, and adherence to U.S. Regulatory Guidelines, to maintain the overall quality of the Coverage & Capital Markets credit portfolio, consistent with SMBC’s risk appetite.
• Collaborate regarding strategic matters with the line of business head (1 LoD) of Coverage & Capital Markets in the Americas, the U.S. CCRO and the U.S. Chief Risk Officer (U.S. CRO).
• Guide and support 1 LoD business lines, product groups, examination function, legal and risk management function on high level credit and risk related issues.
• Provide consultative and collaborative advice to 1 LoD head of credit and senior credit officers encouraging early action for new or modified transactions and transactions showing signs of a downward trend.
• Collaborate with the Credit Policy, Criteria, and Governance team to influence and drive change across credit policies and procedures that are consistent with best practice in the U.S. market, support a strong credit risk foundation, and deliver best in class execution for SMBC and its clients.
• Design and manage adequate risk controls in alignment with the credit risk framework including independent challenge, monitoring and testing.
• Oversight and issue resolution of concerns raised by Credit Officers pertaining to credit transactions that have been approved by the 1 LoD credit to ensure decisions are within established risk appetite limits, meet acceptance criteria, and adhere to policies and procedures.  These duties include:

• Oversight of  credit analysis completed by 2 LoD Credit Officers including, but not excluding structuring/restructuring of deals, all aspects of risk ratings, quality of dialogue/coaching to first line credit employees; addressing exceptions to policy and reporting on quality of the loan portfolio, and providing coaching.