Reporting Associate

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

• Drive Regulatory Reporting single-set of truth data strategy aligning with ECB requirements like iREF/ BIRD and support the transformation of the regulatory reporting production into a data-centric organisation.
• Building and maintaining a consistent data production environment as basis for core regulatory returns like COREP, FINREP and Pillar 3, SREP STE, EBA QIS, EBA Stress test.
• Building and maintaining regulatory reporting controls environment ensuring accurate, high-quality data and reports. Define and execute key-controls like accounting reconciliation, period-to-period analysis, data consistency analysis.

Supporting the production of regulatory returns, business and management information.

Business Area

SMFD is a core subsidiary within SMBC Group’s EMEA operations delivering nearshore services for multiple branches and affiliates operating in the region. One of those entities we support is SMBC EU.

The SMBC EU F&C department is responsible for all finance functions of the bank. It is divided in four teams:

1.  Accounting & Reporting

2.  Financial Control & Product Control

3.  Tax

4.  Regulatory Reporting.

The F&C department assumes responsibility for the finance activities of SMBC EU AG and SMBC Düsseldorf branch and oversees the finance function of all SMBC EU branches in Paris, Madrid, Dublin, Prague, Milan and Amsterdam.

The finance functions cover the following core responsibilities:

1. Accounting & Reporting – ongoing bookkeeping & accounting, preparation of annual financial statements and coordination of external audit, compliance with accounting standards (IFRS, GGAP), maintenance of internal control system for financial accounting, financial (non-regulatory) reporting to internal& external parties, management of IT projects, calculation of SLA charges.
2. Financial Control & Product Control – ongoing monitoring of financial performance incl. lead of annual financial forecast/MYP process, development of a product control function in line with MaRisk including daily monitoring of trading result, market conformity checks of valuation & pricing.
3. Tax Compliance – monitoring of changes to tax legislation, maintenance of tax compliance system, review of all tax declarations, maintenance of transfer pricing documentation, support for other teams on all tax related matters.
4. Regulatory Reporting - Compliance with all EU & German regulatory & ESG reporting requirements,

Coordination of ongoing prudential reporting.

Position Description

• Preparing of regulatory reporting data as basis for key-regulatory reports and disclosures like CoRep, FinRep and Pillar 3, in particularly run data quality analysis, execute key-controls like accounting reconciliations, period over periods analysis, analytical reviews.
• Manage and monitor data quality issues, e.g. report data quality issues, support root cause analysis with data management, change management and IT teams, assess impact analysis.
• Prepare and document data corrections and control impact on reporting templates.
• Support the preparation of reporting and disclosure templates requests by running controls like consistency controls, drill-downs, analytical reviews, period-on-period movement analysis.
• Support in the management of ad-hoc requests by identifying the required data elements, performing the data extraction and running controls.
• Support the preparation of assurance packs and management review packs.

Identify process weaknesses and propose process improvements, in particularly by using automation tools, data analytics and visualisation tools.

• A bachelor’s degree or higher in Economics, Econometrics, Banking, Business Administration, Data Science, Finance, Statistics, or a closely related discipline.
• A genuine interest in the banking and financial sector, particularly in data analysis and regulatory reporting.
• Strong analytical, numerical, and IT skills, with a detail-oriented approach.
• Curiosity and eagerness to learn new concepts, understand complex interdependencies, and explore cross-functional topics.
• A proactive mindset with the ability to think creatively and challenge conventional approaches.
• Any prior experience in banking regulatory reporting or advisory is a strong advantage.
• The ability to grasp complex topics, critically assess them, and communicate insights clearly and precisely.

Competencies

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!!