Enterprise Risk Director - ICAAP/ICARA Lead

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

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