Finance & Procurement Cross-Function Director

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

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Is the next step in your career at SMBC Group EMEA? We’re looking for a Director for our Finance and Control department to join our team. 

The Business Model Assessment (BMA) is one of four crucial focus elements of the initial SREP procedure for ECB onboarding. It assesses the viability and sustainability of the banks business model as well as the existing vulnerabilities. This role should ensure all Business Model Assessment requirements are understood & implemented, specifically Planning & Forecasting, Profit allocation, Loan Pricing and Fund Transfer Pricing. The roles also includes coordination with all relevant teams in EU and EMEA and coordination of all methodology and IT related changes.

Business Area

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

1. Financial Accounting & Control
2. Management Reporting & Analytics
3. Tax
4. Regulatory Reporting
5. Finance Change

• This role sits within the Management Reporting & Analytics function, which is responsible for all management reporting for EMEA region, including income, expenses, profitability, returns, KPIs, ad-hoc analysis.

The Management Reporting & Analytics team works in collaboration with the Planning Department and Corporate Treasury to understand the impact on profitability of topics such as Loan pricing, cost allocation, Funds Transfer Pricing. The BMA role is well aligned to this team’s scope and objectives.

Position Description

• The Business Model Assessment (BMA) for SMBC EU AG is one of four crucial focus elements of the initial SREP procedure for ECB onboarding for this entity. It assesses the viability and sustainability of the banks business model as well as the existing vulnerabilities.
• A comprehensive analysis of an institution’s underlying Business Model is required along four key dimensions: sufficient sources of income (“return generation”), strategic positioning, ability to originate profitable business (“execution capabilities”) and resilience to adverse developments
• BMA is structured according to two distinct assessment pillars: 1) “Strategic Alignment” focuses on presenting qualitative / quantitative aspects of SMBC EU AG’s underlying business model within a “Factbook” for ECB communication; 2) “Execution Capabilities” covers a full view on the entire steering concept by analysing selected operative aspects (e.g., funds transfer pricing, cost allocation, loan pricing) of SMBC EU AG’s business model prescribed by the ECB 
• This role should ensure all Business Model Assessment requirements are understood & implemented, specifically Planning & Forecasting, Profit allocation, Loan Pricing and Fund Transfer Pricing.
• Implementation responsibility includes ensuring conceptual definition in line wit ECB definition, implementation of appropriate governance and development of automated solutions.
• The roles also includes coordination with all relevant teams in EU and EMEA and coordination of all methodology and IT related changes.

• Several years’ experience in a controlling / finance role within a financial institution, ideally in an investment bank
• Experience in leading a team
• Educated to Bachelors / Masters level; any professional qualification is considered as a plus
• Be able to understand complex concepts, challenge them and provide explanations in a clear and precise way
• Strong analytical, numerical and IT skills
• Strong understanding of financial products and investment banking
• Expertise in accounting, financial reporting (IFRS and HGB) and valuation
• Proven track record in building relationships (both internal and external) as well as demonstrating and promoting team spirit
• Be able to work independently
• Demonstration of SMBC values

Language skills:
English: business fluent

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!!