PERM - STPD - EMEA Finance Change Team Director - Regulatory Focus

Section 1 – Details

Job Title / Corporate Title

Change Team Director – Regulatory Focus

Department / Group

STPD – Finance

Responsible to / Line Manager

Head of Regulatory Change

Direct Reports

This is about scope of the role. Please include job titles and the reporting relationship.

1 direct permanent report at VP level

1 direct temporary report at VP level

Location

100, Liverpool Street

Date Prepared

Dec 2024

MiFID Knowledge and Competence

out of scope

Certification regime

out of scope

Section 2 – Purpose of Job

The purpose of this role is to provide leadership and guidance to the Finance Change team, and to deliver Finance change projects.  The role has a particular focus on all Regulatory Change activities through strong knowledge and experience of UK Prudential Regulation and the EU Regulatory environment.

Section 3 – Background

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).

This role will both directly deliver change projects and manage and guide the team, providing drive and leadership as necessary.  The role requires extensive knowledge of prudential regulation as well as project management and business analysis experience in delivering complex change projects and managing teams.

Section 4 – Facts / Scale

• The team currently consists of 11 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 approx 8 strong
• The role will have direct manger responsibility over Regulatory Change professionals, including 1 VP permanent resource and 1 VP temporary resource 

Section 5 – Accountabilities & Responsibilities

• Develop and maintain good working relationships with Reg Tech partners, ensuring high quality services levels;
• Control, manage and drive the change development schedule, prioritising activity and directing developer resource appropriately;
• Maintain close liaison with ITSD support and development teams;
• Manage project work load and work flexibly to prioritise the development resource as necessary;
• 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;
• Support BAU users across the EMEA region, as required, on new and existing functionality;
• Build a strong team by developing ongoing training and development plans for direct reports;
• 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 and the team it manages is also designated “dual hat” responsibility to perform equivalent services to NCM Finance teams in EMEA as directed by EMEA F&C leadership

Section 6

Category

Requirements

Qualifications

Part or fully qualified accountant

Project Management qualification

Working knowledge of reporting query software, spreadsheets and data mining

Job knowledge

Extensive experience of Prudential regulation across EMEA

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).

Strong knowledge of data requirements and calculations required for Regulatory output.

Financial Product Knowledge (IR & FX Derivatives, Securities, Equity, Loans, Deposits, Current Accounts) gained through working in the banking sector

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.

Manage testing phases with users in different entities/countries, including software training, user set-up and bespoke development software training.

Leadership experience including managing and developing strong performing team

Experience

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 all derivative products.

Skills/abilities

Oracle SQL, MS Office Suite

Very IT literate (very good level of Excel skills and ability to use SQL)

IT background with broad knowledge of technical aspects of system

Ability to manage all functional issues as they inter-relate between forms and countries

Personal qualities

Self-motivated.

A proactive individual who is willing and able to become a key player in a vital area of the bank’s development, and recognise opportunities to ensure that the links between regulatory imperatives and business strategy are reconciled in an efficient manner.

Able to work in a flexible and responsive manner according to the needs of the company.

Ability to multi task and to make progress on several items at the same time

Strong stakeholder management

Positive attitude to the team and customers

Ability to handle pressure of extensive urgent project with tight deadlines

Section 7 – Challenges (This section is optional)

• Volume of simultaneous regulatory changes
• Clear communication to stakeholders with varying degrees of subject matter knowledge
• Rigour in documenting requirements
• Developing the team
• Senior stakeholder management