Credit Officer / Fund Finance

SMBC • New York, NY • 20h ago

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 $143,000.00 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

The Credit Officer's main responsibility entails the review of credit applications submitted by the front office and the preparation/presentation of executive summaries and recommendations to Credit Department management.

Coverage will be of fund finance transactions (including NAV finance, Hybrid finance, and Subscription finance) and related financial products (including derivative hedging) with private equity funds.

Scope of analysis and review includes, but is not limited to, fund investor credit risk, deal structure, facility terms and conditions, transaction background, key risks and mitigants, profitability, and relationship strategy.

Role Responsibilities

Prepare and present written executive summaries/comments of credit applications submitted from the front office to the management of the Credit Department

Engage with front office to assist with due diligence and structuring, identify key credit risks and main credit concerns, as well as challenge assumptions prior to formal credit submission

Coordinate the credit approval process by liaising between the front office and the management of the Credit Department

Conduct the monitoring of credit quality of the counterparties and transaction portfolio

Provide feedback and guidance to front office to ensure consistent and complete credit applications and compliance with internal policies and procedures, and US Regulatory requirements

Stay informed about relevant regulations and industry best practices

Other credit related projects as assigned

Qualifications and Skills

5-7 years of relevant work experience preferably within a credit risk function (formal credit training preferred)

Experience and knowledge of fund financing transactions (subscription credit facilities, NAV, and derivatives) is preferred

Critical thinking to understand key credit and trading documentation and its implications to credit. (such as Credit Agreement, LPA, ISDA, CSA, etc.)

Risk sensitivity and ability to steer decisions through discussions with the business unit and Credit Department management.

Ability to adapt to SMBC's credit philosophy and risk appetite

Ability to manage significant deal volume in a fast-paced environment and analyze the credit application and prepare written summary in a short timeframe

Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of support and business partners

Proficiency with Word, Excel, PowerPoint, and Bloomberg, along with ability to quickly learn new programs and applications

Undergraduate degree in Finance, Business Administration, or related fields. MBA/CFA or other professional qualification preferred

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.

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