What are the responsibilities and job description for the Credit Officer / LATAM Project Finance position at SMBC?
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 $164,000.00 and $231,000.00. 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.
Job Summary
SMBC is seeking a Credit Officer with strong credit and quantitative skills to analyze the credit risk and various elements of project finance transactions in the Americas. Coverage includes renewable and conventional power, natural resources, infrastructure and PPP transactions in North and Latin America.
As part of SMBC’s 2LoD, the Credit Officer’s main responsibility entails the review of credit applications submitted by the front office (1LoD) and to prepare executive summaries for the management of the Credit Department.
Primary Responsibilities
Provide review and challenge to 1LoD risk taking activities and apply advanced credit knowledge of project finance to ensure the safety and soundness of the firm’s assets.
Utilizing a risk-based approach, review early read credit memos and provide feedback to deal teams on the parameters / structures most likely to be approved.
Participate in due diligence, pipeline management, and special mention / watchlist calls when appropriate.
Review and approve 1LoD Credit Application and periodic review memos that fall within a designated credit approval authority - including a review of supplemental material like financial statement spreads and risk rating models.
Utilize deep understanding of US Regulatory Classification guidelines to review and approve proposed risk ratings.
Monitor and supervise problem loans including Warning Obligors and present written memorandum / reports to management.
Manage compliance with internal policies, work flow procedures, regulations, etc.
Other credit related works / projects as assigned.
Critical Knowledge / Core Competencies
In-depth knowledge of project finance, in addition to corporate finance and accounting, is required.
Critical thinking and ability to independently analyze a vast and complex amount of information and quickly render credit decisions.
Strong knowledge of regulatory ratings.
Experience with interacting with regulators including SNC, TLR, etc
Risk sensitivity and ability to steer decisions through discussions with the business units.
PC skills including Microsoft Word and Excel skills
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.
Salary : $164,000 - $231,000
