Credit Planning, Vice President

 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 $143,000.00 and $185,000.00. 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

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 Head of 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 routinely reporting credit risk related reports/documents, to senior management, head office, and regulators.

Role Objectives: Special Credits

• Track and report criticized and classified assets, in compliance with Japanese and U.S. accounting principles, such as self-assessment, write-offs, general and specific reserves
• Engages in restructuring and/or workout discussions to inform appropriate stakeholders, protect the Bank's assets and maximize recovery
• Manages research and analysis of client's financial performance, continuous monitoring of events and strength of credit portfolio
• Closely monitor relevant market indices as well as industry developments
• Responsible for training more junior staff within the team, and share knowledge to department as necessary

Role Objectives: Head Office / Risk Liaison

• Enhance the credit application processes, working with stakeholders in Americas Division and Head Office in Tokyo
• Maintains communication with Credit Officers, Front Office and Head Office to ensure credit standards/policies are fully understood
• Participate in the development of policies, control procedures and processes designed to ensure risk identification, mitigation and monitoring

Role Objectives: Business Management

• Routinely report credit related documentation within the department to senior management
• Produce credit portfolio summary reposts and workflow metrics
• Prepare and coordinate materials for management committees, regulatory examinations and external/internal audits
• Undertake other related tasks and projects as required and assigned by Risk leadership

Qualifications and Skills

• Work Experience: 7-10 years of specialized experience in Financial or Banking environment. Credit training program helpful.
• Education: Bachelor's degree or equivalent is required; Finance or accounting knowledge required
• Language Skills: Business fluency in English is required. Japanese language skill is required
• PC skill including Microsoft Power Point, Word and Excel skills are required
• Microsoft Access skill is preferable
• Excellent inter personal, communication (written and verbal) and analytical skills
• Ability to work effectively with others and team oriented

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 employe