VP, Credit Manager - Capital Markets
New York, NY, USA | SMBC Group
Functions:Financial Services Professional
Job Description:88 people have viewed this job
SMBC Capital Markets is an interest rates derivatives trading company based in New York City, with offices in London and Hong Kong. We are a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), one of the leading global banks in Japan.
Our Capital Markets business is an established derivatives dealer with a broad product portfolio, with specific emphasis on interest rates and foreign exchange.We have been in operation for more than 30 years and is a leading market-maker in several markets.
Reporting to the Credit Group Head, the VP Credit Manager oversees team workflow and task designs, directs and reviews the internal credit applications, monitors the credit quality of the portfolio, and provides guidance on specific transactions and counterparty credit-related matters. The role will also focus on credit limit requests and renewals, plus credit risk analysis of new businesses for supporting the Front Office.
Monitor credit limit compliance, identify breaches, and escalate to management as necessary. Manages the credit application process for financial institutions, broker-dealers and funds.
Discuss and advise Marketing and Relationship Management groups globally on derivative credit lines and for specific derivative transactions.
Review daily and monthly and other credit reports, credit applications as required by management. Supervise and monitor credit related day-to-day derivatives and securities business operations. Evaluates credit risk of new products, conducts required analysis of various credit risk elements for new and existing derivative transactions in coordination with Front Office and Bank's approval authorities.
Monitor and report credit exposure portfolio from counterparty level to concentration, weak or problem counterparties, qualitative analysis of key risk drivers of exposures as required by management and by relevant internal committees.
Ensure compliance with the bank's credit policies and procedures through communication with all relevant parties. Update and maintain credit policies and procedures to govern the group's activities and mandates, managing all aspects of the processes.
Manage oversight of internal and external audits and examinations related to the Credit Group. May be responsible for hiring and training new staff.
Bachelor's or higher degree with a Finance, Economics, Accounting or equivalent, with good academic aptitude. MA / MS / MBA degree / CFA or equivalent preferred.
7 to 10 years of specialized experience in Financial Services, including managing a team.
In-depth knowledge of derivatives and key risks, particularly interest rate and FX products, as well as the securities business.
Extensive knowledge of credit analysis in one of these areas: corporates, financial institutions, project finance, or specialized lending.
Credit-oriented training and work experience within a bank preferred.
Knowledge of U.S. and non-U.S. and international banking laws and regulatory requirements.
Combination of strong analytical skills, attention to detail, quantitative skills, and strategic and creative thinking.
Excellent communication skills, both written and verbal, as well as presentation skills.
Ability to manage multiple complex tasks while delivering high quality and timely results.
Leadership, initiative, self-motivation and resourcefulness.
Good time management and organizational skills.
Familiarity with Bloomberg, MS Excel, PowerPoint, Power BI, Broadridge, as well as any proprietary-integrated derivative management systems and databases.
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