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 Rail Services LLC, Manufacturers Bank, 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 $142,000.00 and $176,000.00. 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

Establish procedures for monitoring assets pre-default by monitoring client payment histories and capacity-to-pay analysis. Create roadmap to reduce risk of default or to restructure ahead of default. Create a disciplined remedial management process to workout loans taking into account regulatory obligations. Create a set of procedures for every stage of the collection process.

Role Objectives: Delivery

Establish procedures for monitoring assets pre-default by monitoring client payment histories and capacity-to-pay analysis. Create roadmap to reduce risk of default or to restructure ahead of default. Compare asset values to collateral and loan covenants, remediate exceptions. Flag potential losses and remedial actions. Create a disciplined remedial management process, triggered by specific events and risk levels, to workout loans taking into account regulatory obligations. Compare actual workout results against established management processes, suggest changes and refine processes. Create a set of procedures for every stage of the collection process, from early delinquency to workout. Create targeted approaches for workout and asset disposal by asset types (for instance retail vs. commercial), behavioral segmentation, portfolio size (ring fencing), and severity of loss. Compare targeted return levels against actual returns and optimize results.

Role Objectives: Interpersonal

Work with market counterparties to broaden your market perspective, expand pricing and disposal channels. To better understand the risks in their businesses, especially asset quality issues that may give rise to a workout situation, facilitate partnerships with units such as traditional and consumer lending functions and other client-facing units. Work closely with units such as finance, compliance, legal and IT to understand their particular concerns for any workout situation or asset disposal. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends. Establish relationships with auditors and regulators to better understand their concerns for any workout situation or asset disposal, and implications for the overall portfolio.

Role Objectives: Expertise

Demonstrate an advanced knowledge of credit and default risk and associated collateral management to streamline workflows and design relevant controls / thresholds and analytics to detect troubled assets early on. Have a solid understanding of Risk frameworks, principles, types and exposures to create meaningful reporting to detect troubled assets. Apply advanced modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Demonstrate a working knowledge of information technology and project management, in order to best partner with colleagues in data gathering and monitoring. Use a basic knowledge of finance and accounting to help quantify impact analysis and create meaningful workout proposals. Be familiar with financial services trends and emerging issues to update risk processes and avoid exceptions. Apply relevant laws and regulations to avoid regulatory non-compliance. Communicate analytical data effectively.

Qualifications and Skills

Recommended years of experience: 7

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.