PERM - STPD - F&C - Regulatory Reporting Analyst - AVP

Section 1 - Details

Job Title / Corporate Title

Regulatory Reporting Analyst - AVP

Department / Group

Strategic Planning Department - Finance & Control

Responsible to / Line Manager

This should be a role title, not a named individual.

Regulatory Reporting Banking Book Production - Director

Direct Reports

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

Location

London, UK

Date Prepared

October 2024

MiFID Knowledge and Competence

out of scope

Certification regime

out of scope

Section 2 – Purpose of Job

• To prepare and deliver all Statistical returns for SMBC London Branch and SMBC BI to the Bank of England, as well as prepare and submit some of the Prudential returns to PRA.
• To ensure all of the above returns are prepared correctly and submitted in a timely manner
• To monitor and check that all regulatory changes are reflected within all relevant reports.

Section 3 – Background

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

In the UK, SMBC London branch and SMBC BI are required to submit regular prudential, statistical and risk-related reports to local (PRA / Bank of England) regulators. 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 prudential ratios on a daily basis.

• The role is responsible for the production of Bank of England Statistical regulatory reports and data submitted to the regulators.
• Key objectives include the accurate and timely production of SMBC London Branch and SMBC BI regulatory Statistical returns and information to support management information.
• Some of the information from these statistical returns will be used to calculate the entity’s Bank Levy payment to the Bank of England, as well as form part of the calculations to determine the amount of Annual Prudential Regulatory Fees to pay to the PRA.
• Some of the figures from Statistical reports will go towards the published statistical figures which the Bank of England produce and make publically available on a Quarterly basis.

Section 4 – Facts / Scale

• Responsibility for the production of SMBC London Branch and SMBC BI reports used for Statistical reporting purposes and Prudential reporting.  All reports are reviewed and signed off by the London Branch Management or the Head of Regulatory Reporting Production – Director as part of the Regulatory Reporting Approval and Review process.

• Supervision of interns are used to assist with the numerous number of reports which are required to be submitted on a Monthly, Quarterly, Semi–Annual and Annual basis. 
• SMBC London Branch and SMBC BI Regulatory Reporting team consists of 8 staff, including consultants and interns.
• Organisational relationships:
  • Management – Management information to support oversight responsibilities
  • RMD – Liaison regarding data quality within customer data systems
  • OAD – Appropriateness of bookings from a customer data perspective
  • Compliance and PD Legal – Interactions with the regulator and compliance with legal requirements

Section 5 – Accountabilities & Responsibilities

• Produce, reconcile and review all SMBC London Branch and SMBC BI statistical reports to ensure the accuracy of reporting and compliance with the Bank’s procedures.
• Answer any queries which either the Bank of England or the PRA may raise, either through investigations or by asking the relevant Account officer or team for their input.
• Presentation of the regulatory reports for review of the SMBC London Branch and SMBC BI’s management and take steps to comply with the action points from the meeting.
• Maintain the access levels of both BEEDS and Regdata.
• Preparation and compilation of management report for reporting to Tokyo Head Office.
• Support the team in production of the daily prudential reports for internal monitoring of the management.
• Check that customer information is accurately reflected within EIC (Exposure Information Exposure) and TheMIS which feeds the returns.
• Preparation of reports relating to SONIA (Sterling Overnight Index Average) benchmarking requirements which consist of the SMMD and its Attestation.
• Preparation of the Single Customer View reports and support production when required.
• Documentation of changes to the regulatory reporting systems and processes.

Section 6 – Knowledge, Skills, Experience & Qualifications

• Bachelor’s degree or equivalent
• Industry experience in working for a comparable institution
• Expert Knowledge of statistical, prudential and risk reporting requirements in a regulatory and risk context with experience of managing calculations and reporting of key ratios
• Knowledge and exposure to banking and capital markets products from credit risk perspective
• Proven ability to work with large amounts of financial and risk data
• Experience in delivering financial or risk reports under pressure without compromising on accuracy and attention to detail
• Experience in communicating complex change requirements to key stakeholders
• Change management / implementation experience and ability
• Knowledge of local statistical reporting returns
• Time-management skills to work under pressure to tight deadlines
• Strong numerical and financial skills with the ability to interpret financial information
• People-management skills
• Culturally aware
• Influencing skills