VP, Credit & Portfolio Management
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 $225,000.00 and $225,000.00. 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 VP Credit Management is responsible for: (i) periodic credit reviews and ratings of clients and deals within the portfolio; (ii) processing amendments and waivers; (iii) tracking industry trends; and (iv) presenting to credit and senior management; and (v) working closely with the industry team for the ongoing day-to-day monitoring of the portfolio, as well as line renewals, etc.
Role Objectives
- Manage the assigned portfolio on a day-to-day basis
- Ensure that the periodic credit reviews are completed on a timely basis as per policy
- Review and improve the quality of all credit documents that are submitted to SMBC's credit department
- Verify that credit applications meet the requirements and standards required by policies and regulators
- Work closely with all stakeholders including the credit department officers and the front office bankers
- Oversee the management of a portfolio of accounts (complete periodic credit reviews, anticipate credit issues, define credit triggers, respond to requests from internal and external stakeholders, process waivers and amendments, credit alarms, etc.)
- Ensure portfolio data is correct
Qualifications and Skills
- Fluency in Spanish or Portuguese (reading and writing skills) is preferred
- 7 or more years in a previous credit authority or portfolio manager experience with a portfolio of US or LATAM clients
- Excel and projection modeling skills strongly required
- Understanding of the oil and gas, petrochemical and natural resources industry preferred
- Strong analytical credit skills
- Strong written skills
- Good ability to communicate
- Work well in a team environment with a can do attitude
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.
Nearest Major Market: New York City