Credit Risk Vice President - Frameworks & Policies - SMBC
White Plains, NY 10601
About the Job
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 $143,000.00 and $185,000.00. 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 highly motivated and detail-oriented Credit Policy & Governance Vice President to join Credit Portfolio Risk team.
The person will utilize previous experience in Risk Management to play an active role in supporting the Credit Risk Frameworks, establishing Policies to ensure adherence with documented processes, methodologies as well as regulatory requirements.
The ideal candidate will possess excellent writing and presentation skills and have prior experience in Credit & Enterprise Risk Management.
Role Objectives: Delivery
Independently write governing documents to strengthen credit risk management.
• Partner with Enterprise Risk Management, Credit Product Management and Business Units to maintain and update SMBC Americas
Division’s (SMBCAD) credit risk governing documents taking into account AD business strategy and market trends.
• Provide strategic direction and outside-the-box thinking for processes and controls enhancements.
• Communicate credit policy and governance updates to senior leadership and relevant stakeholders, as well as provide training, in coordination with the Bank’s learning and development function.
• Support credit portfolio monitoring, reporting, and management per internal policy as well as 2nd LoD review and challenge of FO
underwriting/distribution activities and governance interaction models.
• Maintain, review and revise policies and guidelines as relevant risk framework evolves.
• Coordinate with other SMBC subject matter experts (e.g., Legal, Risk) to regularly update or develop policies to maintain alignment to U.S. and international supervisory expectations.
• Review examination feedback from Credit Review (CRVD), Internal Audit (IAD), external audit, and SMBC’s regulators to determine whether policy or other guidance updates are appropriate to address findings, alongside other credit risk management units.
Role Objectives: Interpersonal
• Excellent verbal and written communication and collaboration skills to solicit input and distill complex credit issues and concepts.
• High level focus on detail with superior presentation skills to ensure deliverables have high quality standards.
• Highly organized and experienced in managing multiple projects and priorities.
• Able to work well across functions, ascertain and capture multiple points of view, render information so that it is accurate and actionable, and promptly follow-up.
Role Objectives: Expertise
• Expert understanding of credit risk management concepts, proficient understanding of wholesale credit products, and knowledge of U.S. and international regulatory requirements and industry best practices.
• Experience in writing policies and procedures.
• In-depth knowledge of the end-to-end lifecycle of credit (e.g., underwriting, ongoing monitoring, workout / collections) and working knowledge of credit risk management frameworks and systems (e.g., 3 lines of defense, risk appetite, risk ratings).
• Strong analytical skills; intellectually curious; excellent problem-solving abilities and the ability to break apart issues and come up to speed on new issues, attention to detail.
Qualifications and Skills
• 5+ years of experience in the financial services industry
• Credit Risk management and financial products experience
• Experience in large-scale risk policy transformation is desirable
• international financial services is desirable
• Required: Bachelor’s degree in Finance or related field
• Preferred: Advanced degree or equivalent in relevant field (e.g., MBA or MS in Risk Management of Finance)
• Preferred: Relevant certifications such as CFA, FRM
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.