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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 $145,000.00 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 Credit Review Department (CRVD) seeks a Credit Review Officer (VP) to join its Retail Portfolio Review Team in White Plains, Manhattan, New Jersey, or remotely. As a VP Credit Review Officer member of CRVD, the individual will be part of a dynamic team responsible primarily for the independent review and ongoing monitoring of the quality of the retail, small business banking and middle market credit portfolios of the SMBC Americas Division. The individual will assess the credit underwriting, portfolio quality and monitoring actions in place specifically for the specifically for the Digital Bank and SMBC MANUBANK. As part of its mandate, CRVD challenges internal scores/ratings while assessing adherence with documented processes, methodologies as well as regulatory requirements. The group reports to the Audit Committee of the Board and its function is independent of the relationship and credit managers.

Prior credit risk experience in retail banking, knowledge of retail banking products, experience in digital banking, and knowledge of regulations is required for this role.

Role Objectives: Delivery

• Execute and lead exams to independently challenge and assess the credit and financial strength of borrowers and to determine if internal scores/ratings and levels of credit exposure are accurate and acceptable.

• Perform Continuous Monitoring of credit portfolios and document findings which will be communicated to management and the Audit Committee of the Board.

• Prepare work papers, document exam results and conclusions.

• Monitor adherence to documentation, limits, and risk mitigants including review of collateral when applicable.

• Ensure that exams are performed in accordance with policies and procedures.

• Analyze findings and formulate conclusions and advice.

Role Objectives: Interpersonal

• Critical thinking and problem-solving skills.

• Motivated and detail oriented.

• Good interpersonal skills needed for working in a team environment across departments and proven ability to work with multiple stakeholders, translate feedback into requirements and deliver high quality work product

• Stakeholder Focus - Effectively handle difficult requests, build trusting, long-term relationships with stakeholders, help to identify/define needs while managing stakeholder expectations.

• Teamwork – Strong team player that collaborates with others within and across teams. Encourages other team members to participate and contributes and acknowledges others' contributions.

• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others.

• Judgement and Problem solving - Anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyses complex issues.

• Innovation - Looks for new ways to improve current processes.

• Influencing Outcomes - Presents opinions in a sound, persuasive manner. Formulates a position on issues and influences others' opinions; presents persuasive recommendations.

Role Objectives: Expertise

Minimum of 12 years of work experience in retail credit risk management, underwriting, lending or review with experience in diverse sectors/products including mortgage, home equity, auto, credit cards, small business banking, middle market and fintech.

Qualifications and Skills

• Experience with credit/loan risk review process.

• Knowledge of bank regulations as it relates to retail lending and risk management.

• Knowledge of retail lending products, as well as digital banking and fintech products.

• Understanding of credit/loan documentation.

• Strong organizational skills and the ability to manage multiple assignments concurrently.

• Strong analytical and communication skills.

• Ability to work independently within a team structure.

• Flexibility with the ability to learn quickly.

• Proficiency with Microsoft Office Suite (Word, Excel, Access, Power point).

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.