Markets & Securities Services - Trade Support 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

This role operates as the Subject Matter Expert (SME) for Sterling Money Market Data reporting within SMBC Bank International plc, leading the implementation and ongoing delivery of Secured SMMD reporting in accordance with Bank of England requirements.

The position is accountable for embedding a scalable and controlled operating model supporting complete, accurate and timely daily submissions. This includes Front-to-Back and T+1 completeness reconciliations, data-quality oversight, periodic quality assurance and independent review and validation.

The role will ensure appropriate segregation of duties, operational capacity and resilience, while driving automation, reducing manual intervention and establishing clear ownership, governance and escalation across the reporting lifecycle.

It will also support future operating-model changes, including the potential consolidation of Secured and Unsecured SMMD reporting and the expected expansion of reporting scope from summer 2027, ensuring the capability can scale with future regulatory and business requirements.

Business Area

The EMEA region comprises multiple branches and legal entities, including banking and capital markets businesses in London and Frankfurt, each subject to a range of prudential, statistical and regulatory reporting obligations. Within the UK, SMBC Bank International plc, SMBC London Branch and SMBC Nikko Capital Markets Limited submit regulatory returns to the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and Bank of England (BoE).

The role sits within the Trade and Transaction Reporting (TTR) function in the Operations Administration Department (OAD), which is responsible for the delivery, oversight and ongoing enhancement of regulatory reporting across EMEA. The primary entity in scope is SMBC Bank International plc, although support may be provided to other EMEA entities where required.

A key responsibility of the function is Secured Sterling Money Market Data (SMMD) reporting, a daily transaction-level return submitted to the Bank of England covering eligible secured money market activity, including repo and reverse repo transactions. The regime requires the accurate capture, enrichment, validation and submission of large volumes of data within strict regulatory deadlines.

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Position Description

• Own the day-to-day oversight and continued enhancement of the Secured SMMD reporting framework, ensuring ongoing compliance with Bank of England requirements and alignment with the Bank's governance and control standards.
• Monitor regulatory developments, industry guidance and market practice, assessing the potential impact on SMMD reporting processes, controls, data requirements and operating procedures.
• Establish and oversee a robust control environment, including reconciliations, data quality controls, exception management, issue tracking, attestation processes and management information.
• Ensure all changes that could impact SMMD reporting obligations are subject to appropriate governance, impact assessment, testing and approval processes.
• Support the accountable business owner by providing subject matter expertise across the SMMD reporting lifecycle, maintaining reporting procedures, control documentation, operating standards and governance evidence to support regulatory, audit and assurance reviews.
• Provide effective oversight of daily reporting activities, ensuring exceptions, data quality issues and reporting incidents are identified, escalated and resolved in a timely manner.
• Lead the continued enhancement and strategic evolution of the SMMD reporting capability, supporting the transition towards a fully automated, scalable and sustainable target-state solution.
• Build and maintain strong relationships across Front Office, Operations, Finance, Risk, Compliance, Technology and Change functions to ensure regulatory obligations are understood and effectively managed.
• Provide clear and concise reporting to senior management and governance forums, highlighting regulatory developments, risks, control effectiveness, delivery progress and areas requiring management attention.
• Support regulatory enquiries, internal audits and external reviews, ensuring the Bank can demonstrate effective oversight, governance and compliance with SMMD reporting obligations.
• Contribute to the identification and implementation of process improvements, automation opportunities and best practices to enhance reporting accuracy, efficiency and operational resilience.
• Support delivery of the initial Day 1 reporting solution and subsequent enhancements, ensuring a controlled transition into a stable and sustainable BAU operating model.

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!!