What are the responsibilities and job description for the Loan Operations Vice President position at SMBC Group?
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
Role Description
Loan Operations within BCDAD is responsible for all documentation, funding, processing, accounting, and servicing of an agented, syndicated and bilateral commercial loan portfolio. Management and oversight of the day-to-day operations of all commercial loan transactions.
The Loan Operations VP oversees and directs the people and processes that service the bank's agency, syndicated and bilateral loan portfolio. May act as head of department. This role ensures all daily duties are completed and are aligned with departmental and organizational goals. This is a tactical and strategic role that focuses on overseeing day-to-day operational execution, and frequently contributes to broader strategic planning within the area of agency loans and deal administration. Leads, coaches and directs Team Leaders . Serves as senior most point of escalation for complex inquiries and issues from internal and external parties. Reports to the Director level. Number of direct reports: up to 20. Number of indirect reports: up to 30.
Responsibilities
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
Role Description
Loan Operations within BCDAD is responsible for all documentation, funding, processing, accounting, and servicing of an agented, syndicated and bilateral commercial loan portfolio. Management and oversight of the day-to-day operations of all commercial loan transactions.
The Loan Operations VP oversees and directs the people and processes that service the bank's agency, syndicated and bilateral loan portfolio. May act as head of department. This role ensures all daily duties are completed and are aligned with departmental and organizational goals. This is a tactical and strategic role that focuses on overseeing day-to-day operational execution, and frequently contributes to broader strategic planning within the area of agency loans and deal administration. Leads, coaches and directs Team Leaders . Serves as senior most point of escalation for complex inquiries and issues from internal and external parties. Reports to the Director level. Number of direct reports: up to 20. Number of indirect reports: up to 30.
Responsibilities
- Coaches and supports staff with continuous performance feedback and technical expertise; administers the performance appraisal process and manages employee relations matters.
- Monitors operations to ensure servicing processes are aligned with SLA, properly documented and efficiently executed.
- Ensures employee compliance with bank and regulatory requirements and standards of ethical behavior.
- Sets policies within the purview of bank and statutory requirements as well as government regulations.
- Collaborates with the Front Office, and various departments to implement new product releases and bank wide initiatives.
- Participates in Disaster Recovery exercises to ensure smooth recovery of applications in the event of unplanned business disruption.
- Assists in devising a budget and manages resource allocation in close consultation with senior management to achieve optimal productivity for the team.
- 7 to 10 years of comparable or relevant experience
- MA/MS/MBA degree in Finance, Accounting, Economics or comparable discipline is a plus.
- Proficient in MS Word, MS Excel, Microsoft Office applications and LoanIQ.
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.