Credit Officer / LBO

SMBC; New York (NY); Sur place; USD 80 000 - 135 000; Plein temps

Résumé du poste

SMBC Group is seeking a credit risk professional in New York to review and challenge credit applications for Middle Market lending, including leveraged loans and complex deals. You will prepare executive summaries and coordinate with the Credit Department to ensure rigorous risk assessment and compliance with internal policies.

Lead engagement with front office for due diligence and deal structuring, and communicate key credit risks to management.

Qualifications

• 3+ years of relevant work experience in credit risk (second line of defense preferred).
• Experience with middle market leverage loans and non-investment grade borrowers is highly preferred.
• Experience interacting with US regulators (Fed, OCC, FDIC) is advantageous.

Responsabilités

• Review and challenge credit applications submitted by the front office.
• Prepare executive summaries and recommendations for Credit Department management.
• Engage with front office for due diligence and structuring, identifying key credit risks.
• Coordinate the credit approval process between front office and Credit Department management.
• Provide guidance to business units to ensure policy compliance.
• Monitor problem assets and prepare memoranda for management.
• Contribute to portfolio and loan reviews and special credit reviews.

Connaissances

Credit risk

Middle market

Leverage loans

Executive summaries

Regulatory interaction

Credit analysis

Communication

Description du poste

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 $80,000.00 and $135,000.00. 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

• Review and challenge of credit applications submitted by the front office and the preparation / presentation of executive summaries and recommendations to the management of the Credit Department.
• The coverage includes lending transactions related to Middle Market LBOs and their related financial products (derivative, hedging etc.) but also to Non-Investment Grade Large Cap borrowers with complex capital structure and leveraged loan transactions (leverage lending and/or ABL transactions).
• The scope of the analysis and the review includes, but not limited to, obligor credit risk, projections, transaction background, deal structure, facility terms and conditions, US regulatory classification, profitability, and relationship strategy.

Role Objectives

• Analyze various elements of credit risk and transaction specifics, primarily for Middle Market obligors, and provide an effective review and challenge to the front office (line 1).
• Prepare written executive summaries/comments of credit applications submitted from the front office and present to the management of the Credit Department.
• Engage with front office to assist with due diligence and structuring, identify key credit risks and main credit concerns and challenge assumptions prior to formal credit submission.
• Coordinate the credit approval process by liaising between the front office and the management of the Credit Department.
• Provide feedback and guidance, as necessary, to business units to ensure compliance with internal policies and procedures standards.
• Monitor and supervise problem assets including classified loans and present written memorandum/reports to management.
• Contribute to portfolio review, loan reviews and pass watch or any special credit reviews.
• Manage compliance with internal policies, workflow procedures and ensure US regulatory requirements are met in each credit application.
• Stay informed about relevant regulations and industry best practices.
• Other credit related work/projects as assigned.

Qualifications and Skills

• Minimum 3+ years of relevant work experience preferably within a credit risk function (formal credit training preferred, second line of defense).
• Experience and knowledge of middle market (and non-investment grade large cap) leverage loans highly preferred.
• Prior experience interacting with US Regulators (Fed, OCC or FDIC) preferred.
• Ability to adapt to SMBC's credit philosophy and risk appetite.
• Critical thinking to understand factors impacting portfolio creditworthiness such as economic downturn, market volatility, industry disruptions or changes in interest rates, and ability to analyze a vast and complex amount of information and quickly render credit decisions.
• Risk sensitivity and ability to steer decisions through discussions with the business units.
• Ability to manage significant deal volume in a fast-paced environment and analyze credit application and prepare written summary in a short timeframe and in a multitasking environment.
• Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of support and business partners.