Credit Risk Management Assistant Vice President
London, LND, GB, EC2M 2AT
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
Who we are
United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.
Role Summary
Is the next step in your career at SMBC Group EMEA? We’re looking for a Assistant Vice President for our Credit Department ("CD") to join our Credit Supervision Group - Financial Institution ("FI") Team.
A second line of defence role providing credit risk management / oversight of new credit transactions in designated sectors within the Financial Institutions and Sovereign credit portfolio across EMEA including both Developed and Emerging Markets (CIS, Middle East and Africa).
ESSENTIALS OF THE ROLE
- Providing critical challenge and detailed review on credit applications submitted by Front Office and providing recommendations to Approvers within CD, EMEA or Tokyo HQ.
- Provide the effective credit management of client relationship and exposures within designated sectors within the FI credit portfolio across EMEA.
REQUIREMENTS
- Experience in a credit management role within a bank or rating agencies.
- Good working knowledge of Banks and Sovereigns.
- High level of IT literacy, strong written and verbal communication skills (supporting preparation of succinct and focused credit papers), and strong interpersonal skills (supporting collaboration / teamwork).
- Degree level education and / or relevant professional qualifications (eg: ACA, ACCA, ACT, CFA), and a track record of continued learning and development.
Business Area
A second line of defence role providing credit risk management / oversight of new credit transactions in designated sectors within the Financial Institutions and Sovereign credit portfolio across EMEA including both Developed and Emerging Markets (CIS, Middle East and Africa).
- The team’s coverage includes, Banks, Sovereigns, all NBFIs (e.g. Insurance, Funds, Asset Managers, Securities Firms, Broker Dealers, Consumer Lending, etc.), Fund Finance and Securitization in all the EMEA regions.
- A primary analyst on specified portfolio of Banks and/or Non-Banks, determined by regions, types of business and new transactions.
- Engage with Front Office professionals and provide appropriate challenge on risk issues / develop workable solutions to mitigate risk issues.
- Assist in management of FI credit portfolio with primary responsibility for management of credit applications and monitorings.
- Engage with Front Office professionals and provide appropriate challenge on risk issues / develop workable solutions to mitigate risk issues.
Position Description
Structure
- The role sits within CD and ultimately report into the JGM/MD, Head of FI Team.
- Team Structure (12 specialist Credit professionals): 2 Executive Direcotrs, 2 Directors, 2 VP, 5 AVPs, with 1 MD having JGM responsibilities. The team has a plan to grow rapidly by welcoming more professionals.
Acountabilities & Responsibilities
- Exercise strong risk assessment methodology toward new transactions and management of a portfolio of FI clients (including Problem Assets), across a broad variety of sectors, geographies, and asset / product types, seeking guidance from more senior staff / management as appropriate.
- Working as a trusted partner with Front Office deal teams to ensure delivery to clients whilst maintaining high credit quality. Through good engagement with line management, articulate CD risk perception and appetite for a transaction in line with bank policy and procedures, manage the interaction and communication with front office teams, attend meetings with clients, with input from more senior colleagues where necessary.
- Experience and capability to take a standard FI transaction from inception to approval, with some guidance and supervision where appropriate.
- Judgement to elevate issues to more senior colleagues where collaborating with other risk and compliance functions is appropriate to ensure enterprise wide view of risk is considered.
- Flexibility to work to tight deadlines under pressure (including ability to work outside of contracted hours from time to time / as workflow demands), to give prompt responses to customers.
- Develop relationships within the team: seek guidance and advice from colleagues; express well-reasoned arguments and influence senior management; and assist in recruitment and training of more junior staff.
- Assist other members of the team by proactively taking work in a manner which ensures work is fairly distributed, particularly in times of strong work flow / staff absences.
- Willingness / flexibility to be involved in ad hoc projects supporting the strategy of FI credit team and the wider department / institution.
- Draw on own expertise and professional knowledge and that of colleagues to assist in developing innovative solutions / improvements to status quo.
Competencies
What we offer
For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.
As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:
- Hybrid and flexible working
- Competitive paid leave days
- Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
- Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
- Access a wide range of learning and development opportunities and career progression opportunities
- Ambitious remuneration package
So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.