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Project Finance, Portfolio Monitoring and Planning, Vice President in New York, New York | Careers at New York more...
Location:New York, NY
Company:Sumitomo Mitsui Banking Corporation (SMBC)
First posted:February 14, 2021
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Career Category Project Finance
iCIMS ID 2020-8870
Corporate Title VP
Type Fulltime-Regular
Overview

SMBC's Global Structured Finance Department is looking for a Vice President to join its Portfolio Monitoring and Planning Group.

The Portfolio Monitoring and Planning Group is responsible for monitoring credit performance of SMBC's project finance portfolio. The North American project finance portfolio consists of power, energy and PPP/PFI transaction. The role entails leading credit monitoring/control/administration of a portfolio of borrowers with a view to identifying potential credit issues early. In addition, a significant portion of the role involves analyzing consent/waiver requests, evaluating the credit impact of the request and any mitigants and preparing an application for credit approval of the request.


Responsibilities

  • Responsible for creating strategy that will minimize credit risk in line with the firm's objectives, as well as assisting in the underwriting process for potential new borrowers.
  • Responsible for mitigating loss by counterparty credit analysis related to a range of products marketed to corporate, institutional and / or government clients.
  • Oversee the overall credit worthiness of organizations and their ability to meet their financial obligations for traditional credit-based products.
  • Responsible for monitoring and reporting on the portfolio quality against established criteria and recommending adjustments to existing credit facilities, as appropriate.
  • Responsible for effective credit and risk management, with emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, and as needed, assist on-going portfolio maintenance activities, and as needed client support.
  • Work with the borrower, legal counsel, the independent engineer and other consultants as necessary to structure and manage consent processes (including but not limited to waivers and amendments of financing documents, etc.).
  • Continuously monitor the analyst's portfolio of borrowers with a view to identifying deteriorating situations early.
  • Prepare detailed, well-organized, error-free periodic reviews of the analyst's portfolio of borrowers.
  • Analyze and, if appropriate, seek credit approval for amendment and consent requests sought by borrowers. In preparing applications for credit approval, the analyst must have a good understanding of the request, the impact of the proposed consent on the credit risk of the borrower/transaction, any mitigants to the increased risk and the justification for approval of the request.
  • Update KYC information for borrowers.
  • Respond to ad hoc information requests.


Qualifications

  • A minimum of 7-10 years of experience in a bank or credit function.
  • Prefer candidates who have previously held a position in either the credit department or the portfolio monitoring department of a lending institution.
  • Strong background in accounting and financial statement analysis is preferred.
  • Required: BA / BS
  • Preferred: MA / MS / MBA
  • CFA preferred

Required Skills/Abilities:

  • Deep understanding of the associated legal documents and financial analysis.
  • Expected to have highly advanced level of credit experience, documentation experience in proposing and negotiating, both internally and externally, credit and covenant structures and documenting loans.
  • Knowledge of credit structures, rapidly complete complex credit analysis, negotiates and close complete asset based credit transactions, often involving multiple providers of debt and capital.
  • Broad knowledge of the Project Finance market and the ability to manage risk within a complex and diverse relationship portfolio.
  • Allocate and assign appropriate resources. Review credit with selected junior credit executives/officers.
  • Ability to manage the delivery of underwriting of direct and agent support to the line units to ensure timely and quality support in addition to compatibility with Bank's risk appetite and profile.
  • Deep understanding of regulatory, compliance framework.
  • Ability to effectively manage and mentor team.
  • Knowledge of a broad range of Specialized Finance products.
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