Loan Operations Vice President

Job Level: Vice President

Job Function: Lending Operations

Location:

White Plains, NY, US, 10601 Charlotte, NC, US, 28202

Employment Type: Full Time

Requisition ID: 7039

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 $92,000.00 and $160,000.00. 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 Loan Operations Closing VP is part of the Business Control Department - Americas Division (BCDAD).

The Closing VP is a part of the Loans unit within BCDAD and is responsible for operations of all documentation, funding, processing, and accounting for all various types of commercial loan closings. VP oversees and directs the people and the closing processes. This role ensures that all closing duties are completed and are aligned with departmental and organizational goals.

Responsibilities

Complete coordination, review, and system (LIQ) input of assigned new deals and amendments
Coaches and supports staff with continuous performance feedback and technical expertise; administers the performance appraisal process and manages employee relations matters.
Ensure bank’s books accurately reflect the intentions of the credit agreement and credit approval.
Coordinate the flow of funds at closing.
Complete assigned projects generally to address workflow or business-related matters
Adhere to internal and external regulatory policies and procedures
Ensures employee compliance with bank and regulatory requirements and standards of ethical behavior.
Collaborates with the Front Office, and various departments to implement new product releases and bank wide initiatives.

Qualifications and Skills

Advanced ability to interpret credit agreements and related documentation.
Expert experience directing loan operations processes, risks and teams.
Experienced in a variety of loan types and servicing including all aspects of funding
Broad functional experience managing processes and projects across multiple business and technical areas.
Customer focused team player with expert verbal, written and interpersonal communication skills.
Ability to work cooperatively and effectively with others to set goals, resolve problems and make decisions that enhance organizational effectiveness.
Construct and amend bilateral and syndicated deal structures
Construct and amend bilateral and syndicated deal structures
Ability to build a network of relationships across SMBC to obtain a detailed understanding of the overall needs of corporate clients globally, especially as it pertains to trade finance solutions and to facilitate seamless execution.
Ability to set priorities, develop a work schedule, monitor progress towards goals, and track activities.
Highly organized and thinks architecturally/strategically, understanding the big picture.

Preferable:

7 to 10 years of comparable or relevant experience
Experience managing operations team of 4+ members, including team leaders and managers
MA/MS/MBA degree in Finance, Accounting, Economics or comparable discipline is a plus.
Proficient in MS Word, MS Excel, Microsoft Office applications and LoanIQ.

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.