Credit Risk Identification & Risk Appetite Manager

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 $177,000.00. 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 is seeking a Vice President to lead the ongoing enhancement of credit risk identification and risk appetite framework across the Americas Division portfolio. This role will govern the credit risk metrics process, partnering with Lines of Business to identify, measure, assess, and manage potential credit risks. The Vice President will collaborate with senior leadership, Finance, and the Credit Department to establish and monitor the bank's risk appetite limits, ensuring alignment with strategic objectives and resource availability. Additionally, the role will support improvements to underwriting standards and documentation, and coordinate with stakeholders to refine credit risk guidelines.

Role Objectives : Delivery

Conduct regular materiality assessments of potential portfolio risks leveraging credit risk taxonomy and risk identification process across all lines of business

Assist in identifying appropriate methodology and data sources to appropriately quantify financial as well as non-financial risks

Track emerging risks and ensure they are accounted for in the risk identification inventory.

Lead the governance of the credit risk metrics annual review process to re-evaluate the credit metrics ensuring alignment with business objectives and credit risk appetite.

Support the effort to enhance and manage the credit risk appetite framework, manage the credit risk appetite process, and work with various stakeholders to enhance credit risk metrics.

Interact with Business Units to help support, enhance, and adjust risk control measures, credit underwriting standards and guidelines, and maintain ongoing communications with business units and credit approval functions to effectively guide businesses within such controls and authorities.

Synthesize credit matters and develop contextual content for presentations to senior management and regulators.

Mentor junior members of the team

Role Objectives : Interpersonal

Excellent verbal and written communication skills to solicit input and distill complex credit issues and concepts that are accessible to all stakeholders with different experience levels.

Proven leadership skills with both direct reports, colleagues, and senior management.

Able to work well across functions and levels of expertise, to solicit and capture multiple points of view; render information so that it is accurate and actionable.

Ability to communicate appropriately at every level of the organization, including credit risk peers, business partners, senior executives, and external regulators.

Role Objectives : Expertise

Expert understanding of credit risk management concepts and rating methodologies, proficient understanding of commercial credit products, and knowledge of U.S. and international regulatory requirements and industry best practices.

In-depth knowledge of the end-to-end lifecycle of credit (e.g., underwriting, ongoing monitoring, workout / collections) and working knowledge of credit risk management frameworks and systems (e.g., 3 lines of defense, risk appetite, risk ratings).

Experience with credit process management (i.e., approval flows; credit committee process and governance, etc.) related to credit approval and on-going monitoring.

Excellent analytical skills; intellectually curious; problem-solving abilities and the ability synthesize complex issues; strong attention to detail.

Project management experience preferred.

Qualifications and Skills

7+ years of experience in the financial services industry

Experience in global financial services is preferred

Education :

Required : Bachelor's degree in Finance or related field

Preferred : Advanced degree or certification, such as MBA, FRM, or other Risk Management certifications

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 accommodations@smbcgroup.com.

EOE, including Disability / veterans