Banking & Commercial Loan Workout Manager jobs in the United States

Overview

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

Responsibilities

• Manage a portfolio of non performing mainly large corporate 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 giving verbal presentations when required/appropriate.
• Prepare U.S. Loan Loss Reserve regulatory reports and self assessments including DCF valuations . 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 or other department initiatives.

Qualifications

• experience in either credit ; portfolio management ; or workout in international or large commercial bank 
• ability to analyze risk for large corporate or structured deals
• knowledge of US corporate law; filings and loan documentation.
• Knowledge of US regulatory ratings; Shared National Credit; OCC guidelines  and bank regulation.
• BA/MSC - MBA/CFA would be advantage