Credit Specialist
New York, NY, US, 10172
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 $135,000.00 and $181,000.00. 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
Create and maintain credit loss and financial risk forecasting models. Incorporating credit loss models, create credit rating system based on different gradations of risk for loss or default and evaluate loans and positions against those criteria. Calculate expected losses. Evaluate losses across a number of elements and recommend risk reduction strategies including syndication, sale, hedging, etc.
Role Objectives: Delivery
Create and maintain credit loss and financial risk forecasting models taking into account different risks of potential loss / default, including interest/pricing, client / industry, FX / location / sovereign risks, settlement / transfer risk, diversification / exposure, deal structure / collateral, client payment history / capacity / leverage, concentrations / correlations, liquidity / market. Incorporating credit loss models, create credit rating system based on different gradations of risk for loss / default and evaluate loans / positions against those criteria. Calculate expected losses. Evaluate losses across a number of elements (client, industry, credit type, etc.) and recommend risk reduction strategies including syndication, sale, hedging, etc. Stress test models against a number of different scenarios to evaluate reasonableness of loss charges and inform capital adequacy testing. Tune models for differences between actual and forecast. Recommend changes to underwriting and credit evaluation policies and procedures.
Role Objectives: Interpersonal
Work closely with industry specialists, country risk managers, credit review / analysis staff and relationship managers to determine and evaluate potential risks. Broaden your market perspective and understand emerging risks through collaborations with market counterparties. Improve workflows and data gathering / sharing through partnerships with units such as finance, compliance, legal and IT. Support long- and short-term planning, new product development, ALM and risk management meetings. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends and credit products. Establish relationships with auditors and regulators to better understand their concerns and reduce potential compliance issues.
Role Objectives: Expertise
Display an advanced understanding of credit markets and risk analysis to create models, risk ratings, loss estimates and risk management strategies. Demonstrate a working knowledge of credit structuring. Stay abreast of product trends in order to hedge, syndicate and sell credit positions. Use knowledge of finance and accounting to help quantify outcomes for transactions and positions. Combine with credit knowledge to maximize risk-adjusted returns on the portfolio. Apply advanced modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Demonstrate a solid understanding of information technology and project management, in order to best partner with colleagues in data gathering and monitoring. Communicate analytical data effectively.
Qualifications and Skills
Recommended years of experience: 7
Additional Requirements
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.
Nearest Major Market: New York City