Liquidity Regulatory Reporting - 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

1. Regulatory liquidity reporting production for UK entities (SMBC BI, SMBC Nikko Capital Markets Limited (CM Ltd.))
2. Internal liquidity metrics reporting production for UK entities
3. Managing stakeholder relationships and communications in relation to liquidity regulatory reporting for these entities
4. Acting as a driver of change, working closely with Change functions to both enhance the liquidity function and comply with changes in reporting requirements

Business Area

The EMEA region comprises numerous SMBC branches, and separate legal entities in London and Frankfurt.  Each entity has multiple regulatory reporting requirements.

In the UK, SMBC BI, CM Ltd. and SMBC London branch are required to submit regular prudential, statistical and risk-related reports to local regulators (PRA, FCA and Bank of England).  These cover a variety of reporting disciplines including balance sheet, Liquidity, Credit Risk and Large exposures.  In addition to external reporting the Bank must also monitor key ratios on a daily basis, and the reporting includes COREP (including Own Funds, Large Exposures and Liquidity submissions), Pillar 3, PRA/FCA Prudential and Bank of England Statistical Returns. 

Scope

• Trading Book and Liquidity Regulatory Reporting is a team of 7 people within the Regulatory Reporting team UK which comprises approximately 19.  This is within the Regulatory Reporting EMEA team which includes approximately 30 people in total across reporting, change and policy.
• The following entities are in scope: Sumitomo Mitsui Banking Corporation Bank International plc (SMBC BI), Sumitomo Banking Corporation London Branch (SMBC London Branch), SMBC Nikko Capital Markets Limited and its subsidiaries (Nikko CM). The role will support other entities and branches across EMEA as required.
• UK Scope: Liquidity regulatory reporting (LCR/NSFR/ PRA110 /ALMM/ Asset Encumbrance/MIF002), Pillar 3 plus internal reporting

Accountabilities and Responsibilities

• Produce and/or review the liquidity regulatory reporting within the UK entities.  Ensure the process has strong and consistent controls across all the outputs to support external regulatory compliance and internal requirements;
• Deliver compliant external and internal reporting to deadlines and to agreed standards.  Ensure there is clear business led analysis and MI to support the outputs;
• Ensure there is ongoing improvement to processes and controls to support the liquidity regulatory outcomes.  Identifying opportunities and implementing changes as appropriate, working with the Change team;
• Develop strong working relationships with the relevant stakeholders, including Front Office, Risk Management and Treasury, to support change and to manage communication of liquidity information and impacts;
• Contribute to the regulatory interpretation process to maintain up to date understanding of regulatory developments impacting liquidity and an alignment of the process to any regulatory interpretations;
• Communicate efficiently and regularly progress on liquidity regulatory reporting to management, escalate issues that require management attention;

Knowledge, Skills, Experience and Qualifications

• Bachelor’s degree or equivalent
• Extensive relevant industry experience
• Excellent liquidity regulatory knowledge with extensive and hands-on experience of reporting key liquidity ratios and production of all the liquidity returns
• Experience of managing stakeholders
• Change experience and ability to manage multiple changes
• Good knowledge and exposure to banking and capital markets products
• Proven ability to drive productivity improvements through enhanced processes, policies and systems
• Proven ability to analyse, understand and articulate complex technical problems and to develop high value propositions
• Culturally aware
• Influencing skills

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!!