PERM - ISD - Exposure Management - Head of Credit & Control - Director
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
- To oversee the Middle East Turkey, Africa (META) Department Credit & Control Group based in London. The Group’s responsibilities include:
- Act as the primary checking function within the department to ensure satisfactory completion of all credit & risk control functions and actions.
- Monitor the credit quality of the Emerging Market portfolio on an ongoing basis and to ensure all applications submitted to Credit Department are of acceptable quality both from an analytical standpoint and from an adherence to rules and procedures perspective.
- To act as the independent challenge and influence function within the Department and provide META management with support in devising and implementing client / country strategies, guidance on risk appetite / policies and oversight over the credit quality of the Group’s portfolio.
- Maintain and enhance internal control procedures and actions that ensure all activities by the Group are fully compliance with all regulations, rules and procedures.
- To assist and provide guidance to META management and the Coverage Teams on all operational and credit risk activities.
- To act as supervisor for the secretarial support staff.
Business Area
- Credit & Risk control for the region of Africa, Turkey/CIS/Israel, and Russia in Middle East, Turkey and Africa (META) Department in Lodnon.
Position Description
- Maintain and enhance the department’s internal control and credit management by leading discussion, coordinating cooperation with other departments and implementing/revising any related procedures. This covers compliance, audit (internal and external), credit/grading, internal rules/procedures, operational incident, due date management.
- Review and monitor pipeline deals from early stage to close of such deals to ensure all services are provided to customers efficiently and prudently in timely manner by supporting front teams. The support includes consultation with related departments (including Head Office departments) in the process of marketing, credit application and deal execution.
- Maintain integrity and consistency of gradings and RWA by ensuring (i) the Group’s reviews are consistently robust, (ii) issues are discussed with CDED and CIPD, (iii) Audit findings are properly dealt with in timely manner and (iv) provide META Management with independent challenge and influence function.
- Ensure the Department’s activities and procedures are in line with the bank’s and EMEA’s policies. Keep abreast of all internal and external developments which could lead to change in internal procedures and to ensure such changes are quickly communicated and embedded within the Department.
- Review all documentation pertaining to new and existing loan transactions for corporate, FI and sovereign entities to ensure all procedures are complied with and that the documents are in accordance with approvers and can be safely executed.
- Ensure that the CDED receives credit applications from the Department which are procedurally correct, factually accurate and are sufficiently robust and thorough from an analytical standpoint to enable CDED to make the most informed decisions which are in the best interest of all stakeholders.
- To ensure that robust early warning alerts are in place to quickly identify, report and minimise the impact of any potentially credit adverse developments on a higher risk portfolio of Emerging Market counterparties.
- Fully support senior management in the meeting of all targets and KPIs via direct action as well strategic and tactical input using banking knowledge.
- Constantly re-examine suite of internal checks and procedures to eliminate errors and improve efficiency, whilst sharing best practice and achieving further integration within the Department.
- Lead the Group, with a headcount of [3-4] people.
Key skills and experience:
- Extensive experience in credit review particularly for Turkey, CIS, and Africa at reputable international bank
- Expertise of stress test exercise at financial crisis or credit deterioration of individual borrower/portfolio
- Familiarity with international compliance policy/regulation. e.g, OFAC, FATF etc
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.