Credit Planning Vice President

Job Level: Vice President

Job Function: Governance & Assurance

Location:

New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 6467

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

The Credit Planning Manager supports the Chief Credit Risk Officer as well as Co-Head(s) of Credit Department Americas (“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 routinely reporting credit risk related reports/documents, to senior management, head office, and regulators.

Role Responsibilities:

Monitor and report criticized and classified assets in accordance with Japanese and U.S. accounting standards, including self-assessment, write-offs, and both general and specific reserves.
Lead restructuring and workout discussions to safeguard the Bank’s interests and optimize recovery outcomes, ensuring appropriate stakeholder engagement.
Conduct in-depth financial analysis and ongoing monitoring of client performance and credit portfolio strength.
Track relevant market indices and industry trends to inform credit decisions and risk assessments.
Provide training and mentorship to junior team members, and share expertise across the department as needed.

Head Office / Risk Liaison

Drive enhancements to the credit application process in collaboration with stakeholders across the Americas Division and Head Office.
Maintain active communication with Credit Officers, Front Office, and Head Office to ensure alignment with credit policies and standards.
Contribute to the development of risk policies, control procedures, and frameworks for effective risk identification, mitigation, and monitoring.

Business Management

Prepare and deliver regular credit-related reports to senior management, including portfolio summaries and workflow metrics.
Coordinate and produce materials for management committees, regulatory reviews, and internal/external audits.
Support ad hoc projects and initiatives as assigned by Risk leadership.

Qualifications and Skills

Recommended years of experience: 7
Meticulous and detail-oriented, with a proven ability to challenge existing practices and apply sound risk management principles to enhance operational efficiency.
Strong written and verbal communication skills, with the ability to manage time effectively, resolve conflicts, and foster collaboration across teams.
Experienced in navigating complex regulatory and financial environments; prior exposure to risk management is a valuable asset.
Self-motivated and proactive, capable of managing multiple projects and meeting tight deadlines with minimal supervision.
Demonstrated strength in critical thinking, analytical reasoning, and organizational planning.
Proficient in Microsoft Office Suite, including Outlook, Excel, Word, and PowerPoint; advanced skills in PowerPoint, Word, and Excel.
Business fluency in English is required; Japanese language proficiency is a plus.

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.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.