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
Is the next step in your career at SMBC Group EMEA? We’re looking for a IFRS9 Credit Risk Management Director (m/f/d) for our Risk Management Department to join our team.
This role will be responsible for overseeing the end-to-end IFRS9 framework, including model development, governance, and implementation across the institution. The successful candidate will play a key role in ensuring the robustness of credit risk measurement and provisioning processes, while aligning with regulatory expectations and internal risk appetite.
This position offers a unique opportunity to lead IFRS9 initiatives within a dynamic risk management environment and contribute to the broader credit risk and capital strategy of the institution.
Business Area
SMBC Bank EU AG has been established as a new subsidiary of SMBC in Germany to mitigate the impact of BREXIT and the loss of the European passport.
It is a German incorporated legal entity operating under a German Banking licence supervised by BaFin. SMBC Bank EU AG has a dedicated risk management team in charge of designing, implementing, developing and maintaining the Bank’s risk management framework across the entity (enterprise risk) and the various risk types to which the entity is exposed.
The risk management team of the Bank is supported in this task by staff of SMBC BI, and the wider RMD EMEA group under a Service Level Agreement. In this context, the job holder is responsible for the credit risk management framework, the model risk management framework as well as aspects of the risk capital management framework.
Position Description
Accountabilities & Responsibilities
In the execution of the responsibilities, the job holder is accountable to the following:
* Lead the design, development, and maintenance of IFRS9 models (PD, LGD, EAD), ensuring compliance with regulatory standards and internal governance.
* Oversee the end-to-end IFRS9 process, including model calibration, validation, implementation, and ongoing performance monitoring.
* Collaborate with model development, validation, finance, and IT teams to ensure seamless integration of IFRS9 models into risk and finance systems.
* Ensure alignment of IFRS9 methodologies with the institution’s credit risk strategy, risk appetite, internal stress testing and capital planning frameworks.
* Provide subject matter expertise on IFRS9-related topics to senior management, internal committees, and external stakeholders (e.g., auditors, regulators).
* Support the ICAAP process by ensuring consistency between IFRS9 outputs and capital adequacy assessments.
* Monitor regulatory developments and industry best practices related to IFRS9 and credit risk modelling, ensuring timely updates to internal frameworks.
* Drive enhancements in data quality, model documentation, and governance processes.
* Mentor and lead junior team members, fostering a culture of analytical excellence and continuous improvement.
Knowledge, Skills, Experience & Qualifications
* Advanced degree in Finance, Economics, Statistics, Mathematics, or a related quantitative discipline.
* Several years of experience in credit risk management, with a strong focus on IFRS9 model development and governance.
* Deep understanding of credit risk modelling techniques, including statistical and econometric methods.
* Proven experience in managing IFRS9 frameworks within a banking or financial institution.
* Familiarity with regulatory expectations (e.g., ECB, EBA) and audit requirements related to IFRS9.
* Strong project management and stakeholder engagement skills, with the ability to lead cross-functional initiatives.
* Proficiency in risk modelling tools and programming languages (e.g., Python, R, SAS, SQL) is highly desirable.
* Excellent communication skills, with the ability to present complex technical topics to non-technical stakeholders.
Competencies
Customer Focus
Driving Change
Driving Results
Embraces Diversity
Enterprise Leadership
Judgement and Decision Making
Risk Management
Strategic and Visionary
Trust and Integrity
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.