Vice President, Senior Credit Officer

Vice President, Senior Credit Officer Job Locations US-NY-New York Posting Date 1 month ago (3/9/2023 11:52 AM) Career Category Credit / Credit Risk iCIMS ID 2022-13874 Corporate Title VP Type Fulltime-Regular (Exempt/Non-Exempt) Overview The Credit Department maintains sound credit management activities liaising where appropriate/necessary with various other departments including Risk (RMDAD) and Legal (PDAD) to approve or disapprove and guide specific customer transactions and credit ratings, and monitoring of portfolio coverage, in accordance with regulatory requirements and SMBC approval authorities, policies and procedures. This position is a technical expert and a reliable, knowledgeable resource, and trains/educates more junior analysts to ensure consistent, strong decision making across the dept. Limited delegated approval authority is in place. The anticipated salary range for this role is between $109,000 and $176,000. 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. Responsibilities Reporting to the Group Head (DGM), the Sr Credit Officer II makes credit recommendations and decisions on complex credit transactions primarily for Corporate and Structured Finance across the Americas and under various products and industry sectors. Ensure sound practices in the credit approval process across the organization. Conduct required analysis of various credit risk elements for new and existing transactions for corporate credits and structured finance in coordination with Front Office and senior management including approval authorities. Maintain communication with senior managers in Front Office to ensure credit standards/policies are fully understood. Manage research and analysis of client’s financial performance, continuous monitoring of events and strength of credit portfolio. Closely monitor relevant market indices as well as industry developments. Participate in the preparation of monthly/quarterly reviews of borrowers, sectors and products to track compliance and identify and raise any potential credit concerns to appropriate business teams. Participate in deal and credit approval process, ensures appropriate communication with all relevant parties, and adherence to credit policies and approval authorities. Engage in restructuring and/or workout process to protect the Bank’s assets and maximize recovery. Guide and support business lines, product groups, examination function, legal and risk management function on high level credit and risk related issues. Prepare information for internal Bank meetings. Responsible for training junior analysts. Monitor assigned portfolio and promptly report on key events (i.e. downgrades, event of default, dtc.) to management. Undertake other related tasks and projects as required and assigned. Qualifications 5-10 years of Leveraged Finance credit risk experience