Enterprise Risk Management

Purpose of Job

This role is responsible for Capital Assessment through a variety of BAU and annual assessment processes.

Design, Implement and Manage Robust Capital Assessment Processes

• The incumbent with be responsible for ensuring source information (for example using simplified templates) are properly designed/assigned/completed with coaching and training as necessary to source relevant information to enable production of BAU / ad hoc capital assessments with all required information to allow the analysis of key drivers at appropriate levels of granularity. Continuous evolution of the underlying processes to ensure these remain robust and fit for purpose.
• Designing and implementing ad hoc stress capital measures to enable reporting against risk appetite using quantitative measures. This will include input with the design and calibration of capital risk appetite.
• The role will require an experienced team manager with a successful track record of delivery and the ability to manage a variety of tasks simultaneously (across ICAAP / ICARA / ad hoc etc.)

ICAAP and ICARA,

• Accountability for the production and timely management of the annual SMBC-BI ICAAP and CM Ltd. ICARA capital assessments - this will require a hands-on role approach to generate and enhance all aspects of the ICAAP and ICARA documents and providing the strategic direction for implementing a robust yet practical end-to-end consistent process (as appropriate) to generate scalable and repeatable ICAAP/ICARA reports in a timely manner.
• The role will be accountable for generating regular updates for Committees (including ERMC/RMSC) and to senior management in a simplified yet informative manner (e.g., with visual aids etc.). This may include providing additional information ahead of Risk Committees and the Boards of both entities.
• The role will require experience of building robust processes and will be hands-on with respect to running these processes including documentation, implementing templates / associated processes and for ensuring that the final reports are repeatable/scalable with attention to detail including reviewing input from key contributors and stakeholders in a collegiate manner.
• Accountability for running a variety of Pillar 2A calculations (including for example the newly migrated concentration risk assessments using internal and regulatory methods)
• Production of base and stressed capital ratios: this will require close collaboration with colleagues across the wider ERM and the Modelling team.
• The incumbent will require a strong understanding of relevant risks across both entities to match the product suite.

Stress Testing

• Accountability for recommending annual stress scenarios/tests and for understanding the end-to-end proposal including input into and the approval of parameters and analysing the key drivers of the results. This includes benchmarking to regulatory scenarios.
• Accountability for recommending and constructing (as appropriate) ad hoc stress tests for BI and CM Ltd in response to market events; including macro parameters and design.

BAU

• Production of quarterly assessments for example for concentration risk on a quarterly basis as well as developing other calculations to regularly track headroom for key P2A risks (such as concentration risk - HHI).

Team Management

• Responsible for coaching and developing staff members to build a high performing team and for allocation of resources to manage a variety of BAU and adhoc tasks. The incumbent will be responsible for performance management and intervening when needed / advising to ensure tasks remain on track, given the regulatory focus and significance of the underlying processes in a timely manner.

Other

• Assisting with Tracking Changes: the incumbent will be responsible for assisting with other key and relevant processes for example with relevant regulatory announcements and provide management with an update on the Bank’s status to comply with these on a regular basis.
• Presenting: the incumbent will be an attendee at the ERMC and provide regular updates on the current status and key contribute to discussion areas as well as working groups to ensure any detailed issues are resolved with recommendations to the ERMC (where necessary). To this end the incumbent will be required to exercise judgement to flag any slippage and risks presented to the final timeline for ICAAP and ICARA

Background

This role is responsible for performing Capital Assessments through a variety of BAU and annual assessment processes and is a key role in the Enterprise Risk Management team. The organisation is undergoing significant change and transition and a number of underlying processes may require redesign.

The role will require significant building strong working relationships across a variety of Risk / Finance / Planning and other Teams to ensure process enhancement in a collegiate manner.

Facts / Scale

This role reports to the ED, Head of Enterprise Risk

• Main Interfaces / Relationships: Primary reporting line to the Head of Enterprise Risk. The role holder will also provide ad hoc updates (as required) to RMD senior management including MD of Credit Portfolio and Policy and Enterprise Risk and GMs.
• Interaction with other senior members of individual functional teams on specific regulatory requirements on an adhoc basis (e.g., F&C, Regulatory Reporting and Legal, etc)
• Number of reports/team members (if any): 3

Accountabilities & Responsibilities

• Production of the BAU and ad hoc capital assessments (including annual ICAAP and ICARA) for BI and CM Ltd.
• Providing practical hands-on assistance to team members
• Producing capital ratios (base and stress) and recommending / producing regular assessments (e.g. tracking key P2A risks on a quarterly basis)
• Assisting with preparation for regulatory visits such as SREP (e.g., agenda planning, production of materials, summaries etc).
• Enhancing / providing input into the Capital risk appetite
• Design robust end to end processes with documentation / continuous evolution.
• Stress Scenario construction including input with parameters.
• Assisting with interpreting and implementing new regulatory requirements (as relevant for RMD) and tracking progress
• Assistance with RRP
• Providing technical and regulatory services to EMEA entities (when required)
• Team Management: 3 team members

Knowledge, Skills, Experience & Qualifications

• Strong team management skills with experience of successfully leading ICAAPs/ICARAs in a timely manner with a good understanding of underlying drivers and processes.
• Proficient at producing high quality reports using standard Microsoft packages Word / Excel / PowerPoint and proficient with charts / tables / presentations.
• Experience at setting team goals and reprioritising when required to successfully meet key targets;
• Experience at motivating team members and providing performance feedback to ensure continuous improvement.
• Experience of managing timelines for key deliverables and ensuring any slippage is appropriately managed / communicated.
• Excellent communication skills (written and oral) to senior management
• Experience of managing risk and regulatory matters in a UK bank / financial institution
• Likely educated to degree level and possibly holding a specific risk management professional qualification
• Experienced at assessing risks from a variety of products across BI and CM Ltd.