Sumitomo Mitsui Banking Corporation

Loan Workout, Vice President

Sumitomo Mitsui Banking Corporation

Aug 5th, 2022
Sumitomo Mitsui Banking Corporation (SMBC) is one ofJapan's leading banks and the core unit of Sumitomo Mitsui Financial Group.
東京都千代田区丸の内1-1-2
https://www.smbc.co.jp/global
Overview:

Sumitomo Mitsui Banking Corporation is hiring a Vice President in the Loan Workout Group.

Responsibilities:

  • Manage a portfolio of non performing credits across various industries including customer contact, preparation of applications, reviews, credit alarms and KYC.
  • Interface with agents, borrowers and co-lenders as well as the Credit Department during workout negotiations and restructurings.
  • Conduct appropriate due diligence and apply sound judgement to effectively manage workout activities.
  • Provide recommendations and advice to relevant parties during loan workout negotiation process to support the effort to maximize economic returns on problem loan.
  • Prepare U.S. Loan Loss Reserve reports and self assessments. Ensure regulatory and internal ratings are accurate and reflect the current risk profile on each relationship in accordance with regulatory and bank policies.
  • Effectively communicate necessary workout activities with senior management in a timely fashion.
  • Prepare materials for annual audits from internal departments such as Credit Review and Internal Audit as well as audits by external regulatory bodies.
  • Keep abreast of industry developments and best practices through external research, contacts and industry group participation.
  • Assist with providing training to new or more junior members of the team.

Qualifications:

  • Evaluation of problem credits and carrying out loan strategies, workout negotiations, and restructuring and exit strategies for a portfolio of troubled and bankrupt credits rated substandard or lower.
  • Work closely with agents, borrowers and co-lenders as well as the Credit Department to maximize recovery of problem loan assets.
  • Comply with workout policies and procedures and bank regulation.
  • Assist with any other department initiatives.

More jobs from Sumitomo Mitsui Banking Corporation:

If you require alternative methods of application or screening, you must approach Sumitomo Mitsui Banking Corporation directly to request this, as we're not responsible for the employer's application process.

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