Credit Planning Associate

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 $78,000.00 and $125,000.00. 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

This position supports the Chief Credit Risk Officer as well as Co-Head(s) of CDAD as a business management and coordination function, reporting to the team head in Credit Planning, CDAD. The team is responsible for developing, recommending, communicating and implementing credit risk management policies, strategies and operational guidelines for the organization and its various financial products. The role is responsible for reporting credit risk related reports/documents, to senior management, head office, and regulators.

Role Responsibilities:

Strategic Initiatives

• Drive enhancements in credit risk management processes, including updates to credit-related policies, manuals and systems.
• Support cross-functional projects by providing data analysis, visualizations, and presentation materials.
• Coordinate with stakeholders in Americas Division and Head Office to facilitate enhancement and transformation of risk management framework.

Credit Planning/Risk Management

• Provide insights into risk profiles of the portfolio, including reserves, write-offs and other risk metrics for problematic assets and higher risk sub-portfolios.
• Identify emerging risks to the portfolio through analysis on economic, financial, and regulatory environments.
• Prepare materials and orchestrate communications for management committees, regulatory affairs, and internal / external audits.
• Maintain communication with Credit Officers and Front Office leaders to ensure alignment with credit risk policies and guidelines.

Training/Team Support

• Lead training and orientation for new team members, sharing institutional knowledge and best practices.
• Undertake additional tasks and projects as assigned, contributing to departmental goals and risk leadership initiatives.

Qualifications and Skills

• Solid foundation in finance is essential; prior experience in the financial services industry is preferred.
• Strong analytical abilities to handle and visualize data; intellectual motivation to identify key structure through research and analytic work
• Excellent interpersonal, written, and verbal communication skills
• Bachelor’s degree or equivalent required. Master’s degree preferred.
• Business fluency in English and Japanese is mandatory.
• Strong proficiency in Microsoft Office applications, including Excel, PowerPoint, and Word.
• Attention to detail
• Collaborative and team-oriented mindset

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 [email protected].