Credit Portfolio Risk Associate

Industry: Governance & Assurance

Company: Sumitomo Mitsui Financial Group, Inc.

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 $85,000.00 and $131,000.00. 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 an Associate to support the activities of the Risk Management Department Americas Division’s Credit Portfolio Risk (CPR) team. The person will report into the Director responsible for Credit Risk Frameworks within the CPR unit. The Associate will utilize previous experience in Risk Management to play an active role in supporting credit risk frameworks. Activities will include monitoring adherence to the Bank’s Credit Risk Frameworks including Risk Appetite, Taxonomy, Identification and Exceptions

Role Objectives: Delivery

• Support the credit risk appetite process to establish consistency and completeness in categorization and coverage and to ensure adequate monitoring, communication, and assessment.
• Review the credit risk taxonomy to better support risk identification and aggregation, whereby the taxonomy is used to aggregate risks across business units and identify material risks.
• Analyze credit risk exceptions, working with the credit risk reporting and data teams to synthesize such information and communicate analysis to senior management.
• Interact with business units to help support, enhance, and adjust risk control measures, credit underwriting guidelines, and maintain ongoing communications with business units and credit functions to effectively guide businesses within such controls and authorities.
• Create presentations which analyze trends and developments and highlight key points in a readily understandable manner.
• Synthesize credit matters and develop contextual content for presentations to senior management and regulators.
• Assess developments in the credit risk portfolio with respect to frameworks, policies, and standards, as appropriate

Role Objectives: Interpersonal

• Excellent verbal communication and collaboration skills to solicit input and translate feedback into opportunities to improve credit processes and controls.
• Excellent writing and presentation development skills to draft materials related to credit process observations and process and control enhancement opportunities.
• Able to work well across functions, to solicit and capture multiple points of view, render information so that it is accurate and actionable, and promptly follow-up.
• Ability to communicate appropriately at every level of the organization, including credit risk peers, business unit partners and senior executives.

Role Objectives: Expertise

• Strong understanding of credit risk management concepts and knowledge of U.S. and international regulatory requirements and industry best practices.
• Knowledge of the end-to-end lifecycle of and working knowledge of credit risk management frameworks and systems (e.g., 3 lines of defense, risk appetite, risk ratings).
• Experience with credit process management (i.e., approval flows; credit committee process and governance, etc.) related to credit approval and on-going monitoring.
• Strong analytical skills; intellectually curious; problem-solving abilities and the ability to synthesize complex issues; strong attention to detail.

Qualifications and Skills

• 3+ years of experience in the financial services industry
• 2+ years progressive experience in project management
• Experience in global financial services preferred
• Experience working at a comparable Foreign Banking Organization (FBO) a plus
• Japanese language skills desired but not required
• Education:
  • Required: Bachelor’s degree in Finance or related field

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.

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.