EMEA Non-Financial Risk MD

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.

Position Description

Role Overview:

We're looking for someone to lead and act as effective business partner for our Operational Risk Management Group; supporting the business and senior management in understanding and managing non-financial/operational risks and working within all our organisational pillars to analyse, partner and consult with the business based on our risk profile. This includes developing and enhancing the operational risk management framework, chairing key committees, and liaising with senior management, boards, auditors, and regulators.

Key Responsibilities:

• Lead the development and implementation of a fit-for-purpose operational risk management framework.
• Chair the Operational Risk and Resilience Committee and the New Products and Services Committee.
• Provide proactive support and subject matter expertise to the business.
• Ensure regulatory compliance and maintain positive relationships with regulators.
• Drive consistent standards and frameworks across the EMEA region.
• Act as an influencer and subject matter expert to enhance non-financial risk management globally.

Essential Experience and Skills:

• Leadership in non-financial/operational risk management across corporate and investment banking.
• Senior experience within a 2LOD non-financial risk function.
• Expertise in regulatory compliance management with PRA and/or continental European regulators.
• Strong communication and stakeholder management skills.
• Ability to lead and develop working relationships at senior levels.
• Deep knowledge of UK and ECB standards on non-financial risk management.

Education & Qualifications:

• Degree level education or equivalent.
• Professional qualification desirable.

About SMBC Group

Sumitomo Mitsui Financial Group (SMFG) is one of the world’s largest financial institutions headquartered in Japan, with an established presence across retail and wholesale banking businesses.  It offers a diverse range of financial services, including commercial banking, securities and derivatives, leasing, consumer finance and asset management.  SMFG’s consolidated total assets were 295 trillion Yen as of 31 March 2024, which is, at the current exchange rate, approximately $2 trillion (USD). 

Sumitomo Mitsui Banking Corporation (SMBC) is the core banking arm of SMFG, accounting for approximately 75% of SMFG’s income.  It is a global bank with presence with 150 offices in circa 40 countries.  Given the demographic and GDP growth dynamics of Japan, international expansion across non-Japan Asia, EMEA and the Americas has been at the heart of SMBC’s strategy and continues to be the growth engine of SMFG globally. 

SMBC has a long-established presence in EMEA, first opening its operations in London in 1917.  Today SMBC operates out of two banking and markets subsidiaries. 

SMBC Bank International plc (SMBC BI) in London, which oversees its UK, Middle East and Africa operations.  It is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). 

SMBC Bank EU AG (SMBC EU) in Frankfurt, which post Brexit, oversees all EU and EEA operations.  It is authorised by the European Central Bank (ECB) and supervised by Bundesanstalt fur Finanzdienstleistungaufsicht (Federal Financial Supervisory Authority, BaFin). 

SMBC BI, acting as the regional head office in EMEA, has delivered the full suite of debt financing and hedging solutions.  SMBC BI has recently integrated the securities business such as capital markets and major Sales & Trading business that SMBC Nikko Capital Markets Ltd had been offering, to become the first Universal Bank in the Japanese banking industry in the UK. 

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!!