Corporate Credit Director - London, United Kingdom - Sumitomo Mitsui Banking Corporation – SMBC Group

Description

DirectorCredit Department, Corporate CreditPurpose of JobA second line of defence role providing credit risk management / oversight of existing and new Corporate credit transactions in the EMEA Corporate Credit portfolio with a focus on cross-over and sub investment grade borrowers.

Critical challenge and detailed review of credit submissions from Front Office providing recommendations to approvers within CD, EMEA or Tokyo HQ.Act as a credit expert, collaborating with coverage and product teams to facilitate positive outcomes for SMBC customers while remaining within the bank's risk appetite.

Use of delegated Credit Officer approval authority.
BackgroundReport to MD within a team of specialist corporate credit risk professionals.

Act as primary analyst on a specified portfolio of clients with a focus on cross-over and sub investment grade borrowers and related transactions, with oversight of a secondary portfolio where required.

Manage credit portfolio including applications and approval process, and emerging credit developments in conjunction with Front Office (first line of defence).Engage with Front Office professionals and provide appropriate challenge on risk issues / develop workable solutions to mitigate risk issues where appropriate.

Facts / ScaleAssist in credit risk management of a c.

US$80bn portfolio of Corporate credit exposure in EMEA with primary responsibility for a portfolio of (50) customers within the cross-over and sub investment grade range.

Corporate credit risk team of 14 members in London handles c.1,500 transaction related applications pa and c.3,000 total applications pa.

Assessment of new transactions and portfolio monitoring with involvement in under-performing / deteriorating credit situations.

High complexity of territories covering the entire EMEA geography raising complex non-credit risk issues such as geo-political, sovereign risk, sanctions risk and reputational risk.

Accountabilities & ResponsibilitiesCredit TransactionsAnalyse Front Office credit applications in a structured manner for clear identification and articulation of credit risk issues and how these may be mitigated.

Provide appropriate challenge to Front Office on risk issues of a borrower / transaction and develop suitable workable solutions. Collaborate with 2nd line risk colleagues as required on ESG risk assessment.
Manage workflow independently and efficiently to achieve transaction deadlines, with early escalation to team management of material risk issues.
Oversight of credit work undertaken by any team members being mentored and/ or as direct reports.
Presentation with recommendation of deals to team management and EMEA senior management e.g. Director Approval Meeting (CEO, COO, CRO).Utilise Credit Officer delegated authority.

Credit Portfolio ManagementEnsure obligor grade ratings are accurate and reflect a current forward-looking view of the obligors in the assigned portfolio.

Within assigned portfolio, review quarterly self-assessment submissions and credit cost provisioning for Special Credits.

Articulate risk trends and "lessons learnt" within assigned portfolio to support the possible revision of Origination Guidelines subject to semi-annual review.

Training and developmentSupport the team in the development and provision of ongoing training to credit colleagues in the team and Front Office colleagues on credit analysis.

Internal discipline, ComplianceComply with all regulatory and internal policies and procedures, regulations, and guidelines.
Serve as a role model for high personal and corporate ethical values and standards of integrity.

Knowledge, Skills, Experience & QualificationsDegree level education and / or relevant professional qualifications (eg:
ACA, ACCA, ACT, CFA), and a track record of continued learning and development.

Significant experience in a credit management role within a major international bank with meaningful exposure to cross- over and sub investment grade borrowers gained through several credit cycles involving a broad range of products / transaction types.

Strong working knowledge of corporate loan products, trade finance and derivative products, including detailed knowledge of documentation and market trends.

High level of IT literacy, strong written and verbal communication skills supporting preparation of succinct and focused credit risk opinions, and strong interpersonal skills supporting collaboration / teamwork.

Some experience of problem asset management / work-outs is desirable.

Have a network of professional relationships within the financial services sector and up to date knowledge of trends in the corporate credit markets across EMEA.ChallengesShort deadlines and ability to think clearly whilst working under pressure.

Identification of key risk issues from a large volume of information in credit papers, markets data, and due diligence reports.

Conflict management between Front Office and Credit Department as part of a rigorous 'propose and challenge' process between first and second lines of defenceProtecting the balance sheet in a higher risk business.