Audit - Credit Review - Assistant Vice President

SMBC Group has an international growth agenda and award-winning products. We provide opportunities to work on a diverse range of projects and initiatives, including corporate finance, investment banking and advisory services, and solutions in global capital markets. We invite you to join us to support our clients in transitioning to a sustainable future.

Role Summary

We are looking for an Assistant Credit Reviewer to join our Internal Audit Department Credit Review (IADCR) team. This role supports the Internal Audit Department (IAD) in providing assurance to management that the grading applied to the obligors reviewed is appropriate and Bank procedures have been followed. It also assists IADCR in administrative tasks including data management and reporting.

Some experience in credit analysis and management within major UK or international banks is desirable. Attention to detail is necessary for reviewing and documenting work, interpreting findings, and identifying trends. Proficiency in IT with a data-driven approach is required. Good verbal and written communication skills are essential for efficiently completing reviews, preparing reports, documenting findings, and liaising with key stakeholders and IADCR management.

Business Area

The objective of Internal Audit Department Credit Review (IADCR) is to provide reasonable assurance over the credit grading process and effective management of credit risk in SMBC BI/SMBC EMEA Region. IADCR reviews a risk-based sample of credit monitoring applications conducted by Front Office (FO) and approved by Credit Dept. (CD). IADCR activities include continuous review of approved credit applications, credit review of assets booked in specific branches, and review of the Bank's provisions. IADCR covers all Bank products including project finance, leveraged finance, aviation and shipping.

Position Description

The role supports the wider IADCR Team in providing assurance to management that the grading applied to each entity or obligor is appropriate and Bank procedures have been followed. This is achieved through Continuous and Branch Credit Reviews. Additionally, the role supports administrative tasks such as production/management of data, reporting, scheduling and new joiner onboarding.

Responsibilities

• Conduct a review of approved credit applications to determine, based on the agreed sampling methodology, whether applications will require a more detailed review (Full File Reviews ‘FFRs’).
• Conduct a Full File Review of assigned credit applications to ensure accuracy of the Obligor and Facility Grades as well as Borrower's Category (such as substandard / default).
• Discuss issues found and raise questions with FO person in charge when clarifications are required to complete the credit reviews.
• Discuss and agree with the Credit Review Partner observations / recommendations that need to be raised.
• Submit reviews to Credit Review Partner for approval including drafting recommendations and observations.
• Undertake the follow-up and closure of any recommendations raised.
• Conduct review of provisions.
• Complete any other administrative / ad-hoc tasks assigned by Credit Review Partner including onboarding new joiners (access requests etc), regular reconciliation of folders, findings issued, production of data, scheduling of meetings, meeting minutes.

Challenges

The role will require knowledge of credit related rules and procedures which are specific to the Bank. Negotiating and influencing skills are expected to be developed to interact with FO/CD.

Competencies

• Customer Focus
• Driving Change
• Driving Results
• Embraces Diversity
• Enterprise Leadership
• Judgement and Decision Making
• Risk Management
• Strategic and Visionary
• Trust and Integrity

What we offer

We offer competitive company benefits, centred around promoting positive well-being and work-life balance. We also foster a diverse and inclusive work environment where all team members' perspectives and contributions are valued. Initiatives promote a diverse and inclusive culture and healthy work life balance including hybrid working, Sport & Social Clubs and Diversity and Inclusion networks. As an employee of SMBC you have access to a host of benefit offerings:

• 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

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. We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.