Regulatory Change Vice President
London, LND, GB, EC2M 2AT
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
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
The purpose of this role is to manage the delivery of changes into the regulatory reporting area, through analysing supervisory rules to articulate business requirements for build and implementation.
The role has coverage across all Regulatory Change activities, using strong knowledge and experience of UK Prudential Regulations and the EU Regulatory environment to deliver success.
A key part of the role is to act as Deputy to EMEA Head of Regulatory Change, representing the team across a number of Group forums and support strategic decision making.
Business Area
Within the Finance change team is a dedicated resource pool focusing on Regulatory Change who are responsible for supporting, assisting and delivering Prudential Regulatory change impacting SMBC BI Plc (a Corporate & Investment UK Bank) and SMBC group companies across EMEA (key entities being EU branches of the Japanese Parent Bank and a German Bank).
Position Description
The team currently consists of 15 permanent change professionals and four 4 temporary team members
The SMBC BI Balance sheet is approx. Usd 60Bn, the German Bank Balance sheet is approx. Usd 25Bn
The change team support the UK BAU team who are 18 strong and the EU Team who are 8 strong
Lead projects to implement Regulatory requirements used across EMEA (London, Frankfurt, Milan, Paris, Brussels, Madrid, and Amsterdam). This includes implementing new reporting requirement for statistical and regulatory reporting as well as managing the correction of defects in relations with Reg systems and the implementation of system upgrades.
Act as Deputy to the EMEA Head of Regulatory Reporting, providing necessary support across team activities and representing the Finance Reg Change team on various governance forums
Resolve operational reporting issues by delivering constant process improvements, mainly by automating the production of returns and removing manual adjustments.
Communicate project progress with relevant stakeholders through regular update meetings;
Manage the processes for the design, development, support, testing and maintenance of business requirements to deliver projects;
Understand and document business requirements to create development specifications, and undertake UAT and implementation testing for various new developments;
Other Ad hoc project tasks as required;
In addition to the normal responsibilities over the department in the EMEA offices, the role holder is responsible for overseeing day to day provision of services to SMBC London Branch based on the Agreement for the Provision of Services between SMBC London Branch and SMBC BI. The role is designated “dual hat” responsibility to perform equivalent services to NCM Finance teams in EMEA as directed by EMEA F&C leadership
Skills and Experience
Part or fully qualified accountant
Project Management qualification
Working knowledge of reporting query software, spreadsheets and data mining
Functional expert and certified business analyst in Banking sector and across multiple countries (system currently supports UK, France, Belgium, Dubai, Italy, German, Spain, Ireland and Netherlands).
Understanding of one of the major aspects of regulatory rules and reporting (liquidity, capital, large exposures, statistical reporting, FINREP)
Product Knowledge gained through working in the banking sector
Knowledge of WKFS (FRSGlobal) products across multiple countries
Experience in producing business requirements in liaison with Regulatory reporting teams.
Act as consultant to the Business for all tasks related to Finance Regulatory Reporting
Ability to be able to interrogate and analyse data on Oracle based platform and / or MsAccess (SQL)
Provide Knowledge and Documentation support for all aspects of the development life cycle (requirements, gap analysis, test plans, testing, issue and risk logs, user procedures and ongoing continual process improvements).
Needs to be as functionally knowledgeable as the software supplier business experts to be able to engage in discussions and provide meaningful analysis to them, including bug fixing / testing.
Knowledge of upgrade procedure for management of all system testing and end to end testing of new software.
Must have technical knowledge to be able to work closely with and manage 4-man development team regarding business requirements against understanding of software.
Manage testing phases with users in all countries, including software training, user set-up and bespoke development software training.
Preparation and analysis of regulatory and statistical reporting.
Experience in providing regulatory analysis to Front and middle office.
Good knowledge of Finance Systems, General accounting and business knowledge.
Knowledge of WKFS (FRSGlobal) products and interfacing requirements.
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!!
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.
We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.