Analytics Modelling & Reporting Assistant Vice President

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

Are you ready to take the next step in your career with SMBC Group EMEA? We are seeking a Quantitative Risk Analyst / AVP to join our Modelling Team within the Risk Management Department.

Reporting to the Head of Modelling Group and based in our London office at 100 Liverpool Street, this role will be responsible for the development, monitoring, and maintenance of internal and vendor models used for Climate Risk assessment across the EMEA region. The successful candidate will ensure that these models comply with the latest PRA, EBA and ECB regulatory expectations, as well as internal Model Risk Management standards. This role also provides exposure to the Bank's ICAAP, ICARA, IFRS9 and other strategic initiatives.

The ideal candidate will be a strong team player with excellent attention to detail, strong analytical and problem-solving skills, and solid experience in credit risk analytics and modelling within financial services. Proficiency in Python and MS Excel is essential. A good understanding of climate related regulatory requirements and climate risk modelling is highly desirable.

Business Area

This role sits within the Modelling vertical of Credit Portfolio, Policy & Modelling Group within Risk Management Department (RMD) at SMBC BI. The team is responsible for the quantification of Credit, Operational, Market, Counterparty, Liquidity and Climate Change risks for both internal and regulatory purposes, as well as for the development and maintenance of the Model Risk Management Framework across the EMEA region. The role holder will primarily support the development, execution, monitoring, and documentation of Climate Risk models, ensuring all outputs meet regulatory, governance and audit standards.

Position Description

Purpose of the Job

Climate change represents one of the most critical challenges facing the global financial system today, with its potential impacts becoming increasingly apparent. Its financial impacts are becoming increasingly evident, prompting UK and EU regulators to introduce climate stress testing and scenario analysis exercises to assess the resilience of the banks and insurers. In response, we have proactively enhanced our climate risk frameworks and methodologies to align with emerging regulatory expectations and industry best practices. This role will play a key part in ensuring that our climate stress testing and scenario analysis methodologies remain robust, forward-looking, and compliant with regulatory standards.

Facts / Scale

· Interaction with Senior Management, Risk committees, Internal & External Auditors, and Regulators.

· Work in a multi-cultural environment with a wide range of internal and external stakeholders.

Accountabilities & Responsibilities

· Develop, document, execute and monitor Climate Risk models for various SMBC entities across the EMEA region, ensuring compliance with regulatory expectations and internal policy.

· Support the quantification of climate risk for regulatory reporting and internal capital assessments, including ICAAP, ICARA and other internal initiatives.

· Produce climate adjusted ECL figures for IFRS9 provisioning and stress test outputs for ICAAP /ICARA, together with high quality technical documentations.

· Contribute to the development of innovative modelling approaches for climate risk scenario analysis, enhancing the current methodology framework.

· Present analyses and model outputs to a wide range of stakeholders, including senior management, working groups and risk committees.

· Engage with external auditors, regulators, internal validation team and external data vendors for model reviews, benchmarking, and data assessments.

· Support adherence to the Model Risk Management Framework and respond to challenges raised during independent model validation exercises.

Knowledge, Skills, Experience & Qualifications

· Experience in credit risk analytics, quantitative modelling, or quantitative research within financial services.

· Strong problem-solving skills using logical reasoning and analytical techniques.

· Advanced Python proficiency, with strong capabilities in data processing and modelling.

· Excellent Excel Skills.

· BSc/MSc Degree in a quantitative discipline (e.g. Mathematics, Engineering, Finance, Economics, etc.)

· Familiarity with climate risk regulatory expectations and climate scenario analysis modelling frameworks.

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!!