Vice President, Counterparty Credit Risk Management - 19673

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.

Role Summary

The Risk Management Department (RMD) is responsible for managing all aspects of the risk management function within SMBC BI and CM Ltd. As part of the 2nd line of defence, RMD works in partnership with the Credit and Compliance Department, Finance and Control and Internal Audit to ensure that the organisation remains fully compliant with all regulatory policies and procedures. The role is responsible for supporting the management and control of all trading credit risks arising in EMEA region which includes global derivatives and securities operations and reviewing the effectiveness of the measures in place.

Purpose of Job

• Accountability for Trading credit risk management in London and oversight for trading credit risks in other group entities across EMEA.
• To take decisions as appropriate in a timely manner.
• Risk Appetite: Enhancing, monitoring and reporting of Risk Appetite in London for Trading Credit Risk and ensuring consistency of approaches in the EMEA region as appropriate.
• Ensuring the risk appetite is appropriate for the legal entity structure.
• Risk Framework: managing and enhancing the development of a consistent Risk Framework for Trading credit risks in EMEA and ensuring this is maintained/ refreshed annually for approval by relevant committees and by the Board.

Responsibilities

• Assist in the design, management and on-going development of the Trading Credit Risk, Framework, Policy and limit structure; appropriate to the risk appetite of the firm.
• Make input verbally or in writing to aid good credit risk decisions; including within the relevant committees.
• Make clear and reasoned recommendations.
• Make recommendations and exercise judgement, cognisant of risk management policies, firm appetite and industry best practice.

Key Stakeholders

• MD Credit Portfolio and Policy RMD, CM Ltd CRO; SMBC BI CRO, RMD Credit Portfolio and Policy Team; & senior risk team members; CFO; Treasurer; CEO; Planning Dept.; Desk Heads (DPG & SPG); CM Inc. and Nikko Tokyo; Front office members as appropriate.

Knowledge, Skills, Experience & Qualifications

• Experience in counterparty credit risk exposure management and have a good understanding of different risk measures including Potential Exposure, Wrong Way Risk, Stress Testing etc.
• Excellent knowledge of Fixed Income and Derivative products and the risks that arise from them (Bonds, Repos, Derivatives).
• Advanced Excel skills for data analysis and basic programming skills to automate manual operations.
• Experience with Data visualisation dashboards like Power BI, Tableau etc.
• Ability to analyse the credit worthiness of corporate, financial institution and NBFIs (including HF’s) and SPV counterparties, particularly in the area of leveraged finance.
• Solid understanding of trading related master agreements, collateral and risk mitigation techniques.
• Experience of taking and justifying decisions; ideally with a personal discretion.
• Excellent written and verbal communication skills required (including experience of writing papers for Board submissions and updates).
• Must be motivated and be a team player with a strong sense of responsibility.
• Ability to multitask, work independently or cooperatively and meet deadlines.

Benefits

• 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.

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.