Credit Risk Associate

Job Level: Associate

Job Function: Governance & Assurance

Location:

New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 6105

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 $80,000.00 and $135,000.00. 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

SMBC is seeking a Credit Risk Associate in the Credit Department with a strong foundation in accounting and finance, and a demonstrated ability to analyze credit risk in Fund Finance transactions. In this second-line role, you will support the risk assessment and ongoing credit monitoring of credit facilities extended to private funds within the Fund Finance portfolio.

This position requires sound judgment, a solid understanding of fund structures, and the ability to collaborate closely with the Fund Finance team to ensure proposals align with internal credit standards and portfolio strategy. It is ideal for professionals with credit risk experience who are looking to specialize in the Fund Finance market.

Key Responsibilities

Analyze Fund Finance transactions—including subscription lines and NAV-based facilities—to ensure alignment with the bank’s credit standards, risk appetite, and regulatory requirements.
Prepare and present written executive summaries and credit comments for applications submitted by the front office to Credit Department management.
Coordinate the credit approval process by acting as a liaison between the front office and Credit Department leadership.
Monitor the credit quality of counterparties and the overall transaction portfolio.
Contribute to internal risk reporting and ensure data integrity across systems of record.
Support additional credit-related projects and initiatives as needed.

Qualifications and Skills

Required

Minimum of 3 years of relevant experience in the financial services industry, specifically within a credit risk function.
Undergraduate degree in Finance, Economics, Accounting, or a related field.
Strong written and verbal communication skills in English.
Proficiency in Microsoft Excel and Word; familiarity with financial modeling tools is a plus.
Ability to manage competing priorities in a fast-paced, transaction-oriented environment.
Collaborative mindset and willingness to work as part of a team.

Preferred Experience

Familiarity with Fund Finance products, including subscription lines, NAV facilities, and hybrid loans.
Understanding of private markets, including private equity, private credit, real estate, and infrastructure

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.