Credit Officer Loan and Lease - Vice President - SMBC
New York, NY 10017
About the Job
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
Underwrite lease and loan transactions. Responsible to managing competing priorities and constantly maintaining excellent communication with all key stakeholders throughout the underwriting process. Implementation of the credit policy and flow of incoming lease requests. Additionally, this role will also provide appropriate credit risk analysis for ongoing portfolio management related items.
Role Objectives
Strategy - Accountable for all first line credit risk management strategies including origination, modification, acquisition, account management (credit underwriting, credit monitoring, credit approval authorization, and exception management), assist collections team as needed, and support portfolio management efforts across all lending products. Establish and maintain a strong credit culture that balances growth and asset quality in support of the SMFL’s strategic plan. Identify portfolio trends and other economic factors and recommend appropriate proactive measures for effective first line strategies and an ongoing early warning system.
Leadership – Demonstrate leadership and credit skills while maintaining the SMFL credit culture. Would be responsible to check accuracy of work of the underwriting analyst and compliance to UW guidelines and standards and RACS, meet all internal reporting requirements, and ensure appropriate full scope of information is available for decision-making at all levels. Develop and maintain exceptional knowledge of financial industry, economy, market conditions, borrowers, and portfolios. Support the portfolio analysis trends and reporting and analytics.
Collaboration - Collaborate with all other cross functional groups as needed to ensure that credit writeup are approved in a timely manner. The position will also be responsible for updating all applicable systems of record and maintaining accurate and organized credit files. Support new sales initiatives from a risk perspective.
Risk Management - Review new and existing client relationships for credit quality. Develop, direct, and implement systems, scores, models, risk controls, and policies and procedures in support of business objectives in line with risk appetite and return metrics. Follow policies and procedures to ensure accretive returns and that results remain within the SMFL’s risk appetite metrics. Comply with second line Credit Risk Management RMDAD oversight and examinations from 3rd Line of defense - IAD and CRVD and maintain strong relationships, support examinations and adhere to CUSO Credit Risk Management Framework and Governance Control and other AD policies.
Qualifications and Skills
- Undergraduate degree in finance or a related field or an equivalent combination of training and experience.
- Five or more years of relevant equipment finance underwriting experience
Preferred Qualifications
- Strong working knowledge and understanding of traditional financial analysis.
- Strong organizational, time management and prioritization skills to meet deadlines.
- Excellent verbal, written, and interpersonal communication skills with strong presentation skills.
- Team player able to work effectively in a team fostered, multi-tasking environment.
- Excellent time management skills and ability to prioritize.
- Ability to read and understand financial statements and tax returns.
- Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook and Power BI Tool
- Have past experience working with Salesforce and Aspire systems
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
