Distribution Risk Specialist

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

Distribution Risk Group (DRG) is seeking a risk management Vice President to play an active role in assisting with the risk management of loan and bond underwriting risk and CLO warehouse financing (referred to at SMBC as distribution risk). The group covers distribution risk for the full spectrum of SMBC's products.

The individual would support senior team members in their analysis of proposed underwriting transactions and monitoring of market trends for indications of changing risk in the existing underwriting pipeline, and interacting with different capital markets groups to trace developments of the syndication process of existing deals.

The individual would also work closely with the head of the group on preparing presentations on distribuiton risk for various management committees.

Role Objectives

• Assist senior team members in the evaluation of the distribution risk associated with loan and bond capital markets commitments and CLO warehouse financing through an assessment of the issuer’s credit quality, the deal’s structure and risk mitigants in the context of current trends in new issuance and a view of investors’ demand for proposed deals.
• Monitor ongoing trends in the new issue and secondary trading markets for changes in market conditions that may impact the risk of SMBC’s existing underwriting pipeline. Incorporate this market view in the analysis of new deal assessment
• Evaluate on changes within the existing portfolio of CLO warehouse loans.
• Work collaboratively with loan and bond capital markets teams to understand the results of syndication processes and ascertain implications for the risk profile of the existing underwriting pipeline
• Support the group head on enhancements of communication to senior management regarding the syndication pipeline and market conditions
• Interact with various groups to discuss how insights gained from distribution activity can inform potential techniques for management of loan exposure management
• Mentor junior team members

Qualifications and Skills

• At least 5 years of experience in corporate banking or debt capital markets or CLO structuring
• Knowledge of loan and corporate bond markets. Thorough understanding of the credit distribution business and market trends in order to manage and control the risks related to the distribution business
• Sound credit analysis skills
• Strong written and verbal communication skills to convey effectively the assessment of risks and risk offsets and explain the rationale for a decision
• Strong analytical skills, both qualitative and quantitative; excellent problem-solving abilities and ability to break apart issues and come up to speed on new issues
• Able to work proactively across various functions to gain a holistic view of a subject
• Establish and maintain a dialogue with these various groups to ascertain any shift in risk presented by the inventory due to changing market circumstances and investor demand
• Ability to delivering high quality analysis and product within tight timelines
• Strong presentation skills with abilty to articulate a message and concieve most effective visualizations to convey it

Education

• BA / BS (required); MA/MS/MBA/CFA preferred

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].