Vice President - Strategic Credit Management

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network. We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD

Job Summary

1. Management of problem credits in a systematic approach, with the objectives of improving the Bank’s assets quality and enhancing the credit granting policies and processes.
2. Development and maintenance of defined guide and procedures on the management of collection and recovery processes.
3. Timely commencement of problem credits evaluation, remedial action and related reporting to Regulator and Management.
4. Support for individual provisioning of Stage 3 obligors.
5. Reviewing credit application for accuracy of customer information, credit facilities/ collaterals structure and appropriateness of approval authority.
6. Compliance of internal and regulatory credit related guidelines and procedures, which include compliance with BNM SCEL guidelines and BNM FEP policies.
7. Ensuring adequate and proper credit policies, procedures and supporting mechanisms in managing credit risks.
8. To prepare and maintain policy and procedure manual for the department, ensuring clear, consistent, and up-to-date guidelines that align with organizational standards including regulatory/HO requirements.  
9. Foster communication and work in close partnership with the front office and Credit Department etc to support robust credit control and compliance processes. 

Job Responsibilities

1. Develop effective strategies to rehabilitate trouble credit and to increase collection amount from problematic assets.
2. Management of problem accounts with most beneficial course of action and having the Bank’s interest as prime objective; including ascertaining recovery potential, initiate legal proceeding, rescheduling & restructuring, monitor repayment arrangement, liquidate collaterals and conduct site visits where necessary.  
3.  Maximizing recovery prospect in term of cost-effectiveness when proposing compromised settlements and writing-off/down of facilities. These include, but not limited to the loan principal amount, interest, penalty interest, legal cost and other related cost.
4. Support Business Promotion whenever possible and necessary in early detection and effective follow-up on high-risk/Watchlist obligors, to prevent further deteriorating credit.
5. Identifying and analysing problem credits and weakness in existing credit granting policies, with the objective of improving and enhancing credit/operational processes to tighten control and increase productivity.
6. Attending to all relevant credit related audit issues, from BNM, J-FSA, BOJ, External Auditors, CRVD, IAD, etc.
7. Timely preparation of reports pertaining to problem credits for submission and deliberation at Management meetings and regulatory reporting.
8. Ensure appropriate action plans and contingency plans are in place to manage irregular matters (such as breaches and errors) and crisis situations respectively in CCD; including timely reporting to management.
9. Take necessary actions to secure sufficient and appropriate skills, and ensure staff within the department can act as back-up for each other. 
10. Reviewing credit application in respect of compliance with Head Office rules, internal /external guidelines and procedures; including reviewing of accuracy of customer information, appropriateness of credit facilities, accuracy and completeness of supporting documents, adequacy of collaterals and appropriateness of approval authority.
11. Reviewing credit monitoring in respect of customer information and financial data registration; accuracy of obligor and facility grading; applicability of self-assessment and appropriate adjustments.
12. To trigger Business Promotions on the requirement of credit monitoring based on any adverse market information of the customers.
13. Managing and monitoring the efficacy of credit policies, procedures and supporting mechanisms (credit organizational design, key performance indicators, incentives, training etc.) in controlling credit risk and making appropriate credit related recommendation.
14. Collaborating within Credit Control Department and other departments (including Shared Service Centre) to ensure appropriate credit functions and procedures.
15. Prepare and consistently updating policy and procedure manual for the department whcih serves as a key reference to standardize processes, enhance operational efficiency and promote compliance.
16. Work closely with the Front Office and Credit Department etc to address evolving regulatory requirements and internal governance standards.
17. Provide timely updates on Head Office rules and policies, and organize study sessions to ensure the front office is well-informed and equipped with the latest regulatory and procedural knowledge. 

Job Requirements

1. Possess a Bachelor’s degree or professional qualification in business, economics, accountancy or related discipline.
2. Minimum 7-10 years of credit recovery,rehabilitation, credit analysis, credit review and well versed with Head office credit related policies/rules will be added advantage.
3. Strong communication and analytical skills and able to work efficiently in both independent and team work environments.
4. Good understanding of various industries and regulatory policy and requirements. Good presentation skill, writing skill, problem solving, interpersonal skill.
5. Team player, self-motivate, enthusiastic and open to new ideas. 
6. Strong analytical capabilities in financial statement analysis, including the preparation and evaluation of cash flow projections and cash flow statements.