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 Credit Portfolio Management Director (m/f/d) for our Risk Management Department to join our team.
Main objective of the role is to:
* To ensure that a credit risk management framework (including all components) is in place for the Bank that balances the need to generate profitable business with the prudent management of risk. This covers all of the elements of a fit for purpose risk management framework, ie. strategy setting, risk identification, risk quantification and measurement (incl. stress testing), risk monitoring and reporting.
* To jointly work on the regulatory capital adequacy assessment process in alignment with the Prudential & Integrated Risk Management team and with the support of other members of the risk management teams and of the staff in the SMFG entities in EMEA
* To ensure that the Bank meets regulatory expectations in managing its credit risk (from a portfolio perspective) and in close collaboration with the Credit Risk Department of Bank EU.
* To assist the head of Strategic Credit and Modelling Risk Management in the selection, design and implementation of all credit related capital risk management quantification techniques and methodologies and models; Where relevant to assist in the execution of the model risk management framework for credit risk related models
* To manage the relevant service level agreements between the Bank and other SMFG EMEA entities to the standard required by SMFG and the regulators
* To support Head of Strategic Credit and Modelling Risk Management as well as CRO in the day to day risk management
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.
In particular, the person is responsible for:
* Designing, implementing developing and maintaining all the components of a fit for purpose credit risk management framework to regulatory standards and best practice
* Support the head of Strategic Credit and model risk management, the Head of Risk Management as well as CRO in their interactions and as required interacts directly with internal (senior management, risk management committee members) and external stakeholders (supervisory authorities, external auditors) with regards to credit portfolio risk management, model risk management and aspects of the risk capital assessment (as and when required)
* Manage the outsourcing relationship with SMBC BI and CM Nikko Group entities as risk service providers in the area of credit portfolio
Position Description
Accountabilities & Responsibilities
In the execution of the responsibilities, the job holder is accountable to the following:
* The leading support of Strategic Credit and Model risk management, theHead of Risk Management and CRO.
* The leading support of the delivery of the responsibilities with regards to credit portfolio risk and aspects of the capital assessment process, including liaising with external stakeholders as required and relevant
* The Bank’s Finance and control department. Support the Bank’s finance and control functions in relation to the accounting requirements
* Credit & Prudential Risk management committee members, Senior EMEA RMD management
* Coordination of the work, manages and directs the delivery of services by SMBC BI’s staff under the risk outsourcing agreement
* Responsible for managing external consultancy in support of the Bank’s broader objectives.
Knowledge, Skills, Experience & Qualifications
Esential Technical Experience
* Strong knowledge of the market and regulatory standards and requirements for credit risk management, including with regards to ICAAP requirements
* Strong knowledge of the requirements on credit risk, application of regulatory rules and management of a credit portfolio
* Detailed understanding of internal and external reporting of credit risk and identification of early warning indicators
* Detailed understanding of measurement techniques used for credit risk and capital management
* Deep knowledge on corporate credit products
* Working experience with international clients
Essential Technical Competencies (skills and knowledge)
* Very good knowledge of techniques used for credit risk management
* Very good knowledge of risk appetite setting and risk indicator setting
* Deep and funded understanding of the regulation relating to risk (MaRisk)
* Demonstrable grasp of risk frameworks and their link to strategy
Other Essential Information
* Educated to degree level
* Ability to build strong working relationships
* Strong communication skills
* Culturally aware
* Need to be able to represent the Bank with regulators and other external stakeholders
* Demonstrable track record in stakeholder management
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.