Audit - Credit Review - Assistant Vice President

Job description

SMBC: A trusted partner for the long term Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves. Who we are United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future. Role Summary Is the next step in your career at SMBC Group EMEA? We’re 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) Group is to provide reasonable assurance over the credit grading process and effective management of credit risk operating within SMBC BI/SMBC EMEA Region. IADCR review a risk-based sample of the credit monitoring applications which were conducted by Front Office (FO) and approved by Credit Dept. (CD) as IADCR is part of the Bank’s Audit Department and 3rd Line of Defence (3LoD). IADCR activities include continuous review of approved credit applications, credit review of assets booked in specific branches, 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 include: 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 For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks. As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you: 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 So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!! 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.