RMD - Enterprise Risk Director

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 a Director for an Enterrpise Risk Director to join our team.

The role holder will be leading a team primarily responsible for Capital Assessment for SMBC BI (ICAAP), CM Ltd and DP Ltd (ICARA). Capital Assessement team are part of overall Enterprise risk management team within the Risk Management Department.

The incumbent with be responsible for leading the annual / ad hoc production of capital assessments for in scope entities to include the analysis of key drivers at appropriate levels of granularity and reflecting business model changes as well as regulatory expectations/ requirements. Leading and overseeing the continuous evolution of underlying processes to ensure these remain robust and fit for purpose.

The role will require an experienced team manager with a successful track record of delivery and the ability to manage a variety of tasks simultaneously (across ICAAP / ICARA / stress testing etc.). Experience in leading a team through organisational change / transformation whilst driving enhancements is required. Experience of working as part of GSIB and within regional/ global teams required.

The anticipated salary range for this role is £112,000- £168,000, with the final offer determined based on the candidate’s skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision.

Business Area

Director, Capital Assessment Team, Enterprise Risk, Risk Management Department

Leading a team (3 direct reports),

Position Description

The incumbent with be responsible for leading the annual / ad hoc production of capital assessments for in scope entities to include the analysis of key drivers at appropriate levels of granularity and reflecting business model changes as well as regulatory expectations/ requirements. Leading and overseeing the continuous evolution of underlying processes to ensure these remain robust and fit for purpose.

Designing and implementing ad hoc stress capital measures to enable reporting against risk appetite using quantitative measures. This will include input with the design and calibration of capital risk appetite.

The role will require an experienced team manager with a successful track record of delivery and the ability to manage a variety of tasks simultaneously (across ICAAP / ICARA / ad hoc etc.).

Accountable for the production and timely management of the annual SMBC-BI ICAAP and CM Ltd. (& DP Ltd) ICARA capital assessments - this will require a hands-on role approach to generate and enhance all aspects of the ICAAP and ICARA documents and providing the strategic direction for implementing a robust yet practical end-to-end consistent process (as appropriate) to generate scalable and repeatable ICAAP/ICARA reports in a timely manner.

The role holder will be accountable for generating regular updates for Committees (including ERMC/RMSC) and to senior management in a simplified yet informative manner (e.g., with visual aids etc.). This may include providing additional information ahead of Risk Committees and the Boards of both entities.

The role will require experience of building robust processes and will be hands-on with respect to running these processes including documentation, implementing templates / associated processes and for ensuring that the final reports are repeatable/scalable with attention to detail including reviewing input from key contributors and stakeholders in a collegiate manner.

Accountability for running a variety of Pillar 2A calculations (including for example the new PRA requirements)

Production of base and stressed capital ratios: this will require close collaboration with colleagues across the wider ERM and the Modelling team.

The incumbent will require a strong understanding of relevant risks across both entities to match the product suite.

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.