PERM- RMD - Enterprise Risk Management: Risk Identification, Analysis and Governance - Director

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Section 1 - Details

Job Title / Corporate Title

Director, Enterprise Risk Management: Risk Identification, Analysis and Governance

Department / Group

Enterprise Risk Management Team, (RMD)

Responsible to / Line Manager

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

ED, Head of Enterprise Risk Management,

Direct Reports

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

2xDirect reports (1xVP, 1xAVP)

Location

London

Date Prepared

August 2024

Certification regime

Out of scope

Section 2 - Purpose of Job

• This is a key Director role within Enterprise Risk Management and is accountable the strategic direction and delivery of a number of BAU processes. This role will act as a delegate for the ED of Enterprise Risk Management and will have accountabilities across both SMBC-BI and CM Ltd.

• The role will require experience and capability to manage a number of processes simultaneously and the output of which will be presented at a number of senior Board and Risk Committees. The preference is for the role holder to be an experienced presenter at Committees given that this is one of the requirements for this role (described below) and is adept at being an experienced people management as well in the production of risk MI and other information.

1. 1. Production, oversight and review of the monthly submission of the Top and Emerging Risks and presenting the key changes to the Enterprise Risk Management Committee. Setting the strategic direction for this process to evolve in a practical manner;

1. 1. Managing the Risk Identification process with Front Office colleagues and across control functions with stakeholders to arrive at an overall assessment for the SMBC-BI and CM Ltd. inherent and residual risks. This includes challenging responses and presenting the final results for inherent and residual risk recommendations to the Enterprise Risk Management Committee following key stakeholder discussions with Front office departments.

The role holder will further present the output from Top and Emerging Risks and Risk Identification processes to inform the construction of appropriate ICAAP stress scenarios and work alongside the ICAAP Enterprise Risk Management team to ensure sufficient coverage.

1. 1. The role holder will formulate risk mitigation strategies (including the development of KRIs for ongoing monitoring where applicable).

1. 1. Accountability for presenting monthly risk reporting to senior stakeholders (CRO, MD and ED) in advance of the monthly Executive and Risk Committees and ensuring that the CRO Summary appropriately captures all relevant issues by references to internal and market events.

1. 1. Accountability for the development and evolution of the newly formed Reputational Risk Committee. This is a key Committee with membership across GMs from multiple departments and the role holder will work with the MD and CRO to develop key external and internal metrics to ensure all relevant reputational risk matters are captured and presented to the CRO and further evolved over time. Responsible for recommending and building out the Committee in a practical and scalable manner.

1. 1. The role Holder will be required to collaborate with senior colleague across RMD and to provide advance warning and track required updates to all RMD Risk Policies and Frameworks (for both SMBC-BI and CM Ltd) in a practical manner. This will include ensuring Frameworks and Policies across RMD are managed/updated in a timely manner with concise updates to Committees. The role holder may be responsible for presenting key Framework developments to the ERMC and summarising for the CRO/MD to present ahead for the Risk Committee. This includes making updates to all relevant ERM Frameworks and Policies and co-ordinating for all other risk stripes.

1. 1. The role holder will manage and mentor 2 staff members including formal performance appraisals, setting objectives and critically for providing practical hands-on support.

1. 1. The role holder will play a key part in assisting the ED Enterprise Risk with annual and periodic revisions to the risk appetite framework and limits; this will include both 1) reviewing and challenging proposals from the individual RMD teams as well as 2) preparing further analyses and presentational materials and presenting results to the Enterprise Risk Management Committee for CM Ltd and SMBC-BI as well as for the wider EMEA region.

1. 1. The role holder will additionally track changes in the regulatory and 'best practices' horizon ('regulatory horizon scanning') which is a key process ensuring all industry and relevant regulatory changes are properly reviewed and tracked as well as presenting the key changes to the Enterprise Risk Management Committee.

1. 1. The role will inevitably cover a variety of adhoc tasks including preparing annual risk disclosures.

• This role will require a hands-on approach to ensure the processes and reports prepared are both robust and appropriate and will require significant collaboration with other departments (RMD, Compliance, Finance and Front Offices) in a collegiate manner.

• This role requires a pragmatic approach to Board and Committee presentations to ensure the submissions are on time and presented in a concise yet informative manner (dependent on the task) and will require the incumbent to guide and assist the team using a variety of tools (including Excel, PowerPoint, Word); good written and verbal skills are a pre-requisite as this role will include presenting results and recommendations to Risk Management Committees and ultimately for the consumption for the Board and Risk Committee.

• This role may occasionally require management of additional processes including participating in the annual RRP/SWDP document and ICAAP / ICARA;

Section 3 - Background

This role has primary responsibility for:

1. Delivering and presenting Top and Emerging Risks to the monthly Enterprise Risk Management Committee
2. Delivery and presentation of the Risk Identification process - identifying inherent, residual risks as well as mitigation and monitoring strategies (KRIs) and using this to provide input into the construction of relevant ICAAP stress scenarios
3. Presenting the monthly risk reports to senior stakeholders (GMs / MD / ED) in advance of their submission to Executive and Board Risk Committees;
4. The development and enhancement of the newly formed Reputational Risk Committee
5. Managing updates to Risk Frameworks and Policies and summarising key changes for the ERM Committee
6. Assisting the ED with revisions to BI, CM and EMEA Risk Appetite and associated limits
7. Managing the relevant regulatory and best practices horizon tracker and presenting key developments to the ERM Committee
8. A variety of adhoc tasks including when necessary Managing / assisting with RRP and associated processes)
9. Managing and mentoring 2 team members including 1xAVP and 1xVP

Section 4 - Facts / Scale

• This role reports to the ED, Head of Enterprise Risk

• Number of reports/team members (if any): this role has 2 direct reports (VP/AVP level)
• Main interfaces/relationships:
  • In addition to reporting to the Head of Enterprise Risk, this role holder will be required to provide updates to RMD senior management including to the MD of Credit Portfolio, Policy and Enterprise Risk and the RMD GMs (for Risk Reporting).
  • Front Office (as part of the Risk Identification process)
  • Interaction with other senior members through committees (ERMC and Reputational Risk Committee) and other functional teams (CoSec, Compliance, F&C, Regulatory Reporting and Legal, etc)

Section 5 - Accountabilities & Responsibilities

1. Presentation and delivery of key BAU Monthly / Quarterly reports to the ERM Committee;
2. Delivery of key updates for the Reputational Risk Committee
3. Providing technical services to EMEA entities (when required) to ensure consistency across the EMEA region;
4. Scope will be across SMBC-BI and CM Ltd. (i.e. ensuring coverage of both legal entities for consistency processes);

Section 6 - Knowledge, Skills, Experience & Qualifications

1. Strong team management skills with experience of setting goals, performance appraisals to successfully meet targets.
2. Successful track record at process enhancement and optimisation;
3. Ability of working in a team for a common goals and negotiating / influencing
4. Proficient at producing high quality reports using standard Microsoft packages Word / Excel / PowerPoint and proficient with charts / tables / presentations (coding experience is preferable but not mandatory)
5. Excellent communication skills (written and oral) to present updates at the ERM Committee and to senior management (RMD GMs, CRO, MD)
6. Experience of managing risk and regulatory matters in a UK bank / financial institution (ideally across both the Trading and Banking Book)
7. Likely educated to degree level and experience of working on similar processes in a Risk Management function;

Section 7 - Challenges (This section is optional)

• Complexity of regulation and its application to and implementation within the bank and its business;
• Substantial organisational change.
• Need to stakeholder manage key documents with multiple areas / contributors.

Section 8 - Dual-Hatting

1. Dual-Hat Details (only required if different to the employing entity details)

Dual-Hat Job Title:

Dual-Hat Line Manager:

Dual-Hat Direct Reports:

Dual-Hat Certification Regime:

1. Dual-Hat Roles and Responsibilities

You will be required, from time to time, to undertake tasks on behalf of the dual-hat entity, as necessary.

1. Dual-Hat Conflict of Interest

• You will have responsibilities for both SMBC BI and Nikko CM
• You will be required to perform your duties and responsibilities on an entity neutral basis, without favour
• You are required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of SMBC BI and Nikko CM
• Working terms are dictated by functional mandates in place between SMBC BI and Nikko CM and any other relevant agreements entered into between SMBC BI and Nikko CM
• You have responsibility for identifying and resolving where there may be a difference or conflict in needs between SMBC BI and Nikko CM, escalating to your manager/Compliance officer where required

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.