Enterprise Risk Director

SMBC Group; Greater London; On-site; GBP 112,000 - 168,000; Full time

Benefits offered by this job

Hybrid working

Competitive benefits package

Pension provision

Learning & development opportunities

Diversity & Inclusion

Job summary

SMBC Group in the United Kingdom seeks an Enterprise Risk Director to lead the Risk Management Department’s ICAAP/ICARA capital assessments and related reporting. You will drive strategic direction, develop robust frameworks, and ensure timely, high-quality outputs across multiple entities.

You will manage a small team, coordinate with Modelling and ERM stakeholders, and shape capital risk appetite with quantitative and stress-based measures, while engaging senior management and governance

Qualifications

• Demonstrable experience in enterprise risk management within banking or financial services, including capital assessment work.
• Experience managing and developing a team, including setting priorities, overseeing delivery and supporting team members’ development.
• Strong working knowledge of ICAAP and ICARA, capital adequacy assessment, stress testing and relevant Pillar 2 calculations.
• Experience leading or overseeing annual and ad hoc capital assessments, analysing key risk drivers and reflecting business model changes and regulatory requirements.
• Strong understanding of capital risk appetite, including the use of quantitative and stress-based measures.
• A track record of improving risk processes and controls, including producing clear documentation, templates and scalable, repeatable reporting.
• Ability to analyse and interpret complex capital and risk information and communicate it clearly to senior management, governance committees and Boards.
• Experience working collaboratively across Enterprise Risk Management, Modelling and other stakeholder teams, while managing multiple deliverables to deadline.
• Strong understanding of the key risks relevant to the respective entities and their product suites, and how these risks influence capital adequacy and capital assessment.
• Strong understanding of relevant regulatory expectations and requirements relating to capital adequacy and enterprise risk management.
• Strong attention to detail, with the ability to review and challenge stakeholder inputs and ensure high-quality, consistent outputs.
• Ability to operate effectively in a hands-on senior role, balancing strategic oversight with detailed delivery.

Responsibilities

• Lead the annual and ad hoc production of capital assessments for in-scope entities, including analysis of key capital drivers at an appropriate level of granularity, reflecting changes to business models and evolving regulatory expectations.
• Accountable for the timely delivery of the annual SMBC-BI ICAAP and CM Ltd. and DP Ltd. ICARA capital assessments, taking a hands-on role in the preparation and enhancement of the assessments and associated documentation.
• Provide strategic direction for the continued development of the ICAAP and ICARA framework, ensuring the end-to-end approach is robust, practical, consistent and capable of supporting timely and repeatable reporting.
• Lead the ongoing enhancement of capital assessment processes, methodologies, documentation and templates to ensure they remain effective and fit for purpose.
• Design and implement ad hoc stress capital measures to support reporting against risk appetite, including contributing to the design and calibration of capital risk appetite measures.
• Accountable for the production of Pillar 2A calculations, including the implementation of relevant new PRA requirements.
• Produce base and stressed capital ratios in close collaboration with colleagues across Enterprise Risk Management and the Modelling team.
• Prepare clear and informative updates for senior management and governance committees, including ERMC and RMSC, and provide additional information as required for Risk Committees and entity Boards.
• Review and challenge contributions from key stakeholders to ensure capital assessments are accurate, consistent and appropriately reflect the risks and product suites of the relevant entities.
• Lead and manage the team responsible for delivery across ICAAP, ICARA and ad hoc capital assessments, effectively balancing multiple priorities and ensuring high-quality delivery.

Skills

Enterprise risk mgmt

Team leadership

ICAAP ICARA

Capital adequacy

Stress testing

Pillar 2

Stakeholder comms

Regulatory requirements

Risk reporting

Attention to detail

Job description

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 an Enterprise Risk Director to join our Risk Management Department.

Business Area

Leading a team (3 direct reports)

Position Description

• Lead the annual and ad hoc production of capital assessments for in-scope entities, including analysis of key capital drivers at an appropriate level of granularity, reflecting changes to business models and evolving regulatory expectations.
• Accountable for the timely delivery of the annual SMBC-BI ICAAP and CM Ltd. and DP Ltd. ICARA capital assessments, taking a hands-on role in the preparation and enhancement of the assessments and associated documentation.
• Provide strategic direction for the continued development of the ICAAP and ICARA framework, ensuring the end-to-end approach is robust, practical, consistent and capable of supporting timely and repeatable reporting.
• Lead the ongoing enhancement of capital assessment processes, methodologies, documentation and templates to ensure they remain effective and fit for purpose.
• Design and implement ad hoc stress capital measures to support reporting against risk appetite, including contributing to the design and calibration of capital risk appetite measures.
• Accountable for the production of Pillar 2A calculations, including the implementation of relevant new PRA requirements.
• Produce base and stressed capital ratios in close collaboration with colleagues across Enterprise Risk Management and the Modelling team.
• Prepare clear and informative updates for senior management and governance committees, including ERMC and RMSC, and provide additional information as required for Risk Committees and entity Boards.
• Review and challenge contributions from key stakeholders to ensure capital assessments are accurate, consistent and appropriately reflect the risks and product suites of the relevant entities.
• Lead and manage the team responsible for delivery across ICAAP, ICARA and ad hoc capital assessments, effectively balancing multiple priorities and ensuring high-quality delivery.

The anticipated salary range for this role is £112,000- £168,000, with the final offer determined based on the candidate’s skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision.

Knowledge & Experience

• Demonstrable experience in enterprise risk management within banking or financial services, including capital assessment work.
• Experience managing and developing a team, including setting priorities, overseeing delivery and supporting team members’ development.
• Strong working knowledge of ICAAP and ICARA, capital adequacy assessment, stress testing and relevant Pillar 2 calculations.
• Experience leading or overseeing annual and ad hoc capital assessments, analysing key risk drivers and reflecting business model changes and regulatory requirements.
• Strong understanding of capital risk appetite, including the use of quantitative and stress-based measures.
• A track record of improving risk processes and controls, including producing clear documentation, templates and scalable, repeatable reporting.
• Ability to analyse and interpret complex capital and risk information and communicate it clearly and concisely to senior management, governance committees and Boards.
• Experience working collaboratively across Enterprise Risk Management, Modelling and other stakeholder teams, while managing multiple deliverables to deadline.
• Strong understanding of the key risks relevant to the respective entities and their product suites, and how these risks influence capital adequacy and capital assessment.
• Strong understanding of relevant regulatory expectations and requirements relating to capital adequacy and enterprise risk management.
• Strong attention to detail, with the ability to review and challenge stakeholder inputs and ensure high-quality, consistent outputs.
• Ability to operate effectively in a hands-on senior role, balancing strategic oversight with detailed delivery.

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

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,

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.

We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.