SMBC Group
Regulatory Change Vice President - 19483
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Job Title: Regulatory Change Vice President
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career. We like to recognise potential in our people, so we welcome your application even if 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. We provide exciting opportunities to work on diverse projects and initiatives.
We offer a full suite of corporate finance products and solutions to our customers, along with investment banking and advisory services, and innovative solutions in global capital markets. Join us to support our clients transition to a sustainable future.
Role Summary
The purpose of this role is to manage the delivery of changes in the regulatory reporting area by analysing supervisory rules and articulating business requirements for build and implementation. The role spans all Regulatory Change activities.
This includes leveraging strong knowledge and experience of UK Prudential Regulations and the EU Regulatory environment to drive success. A key part involves acting as Deputy to the EMEA Head of Regulatory Change, representing the team across various Group forums and supporting strategic decision-making.
Business Area
Within the Finance Change team is a dedicated Regulatory Change resource pool. This team supports and assists in delivering Prudential Regulatory changes impacting:
- SMBC BI Plc (Corporate & Investment UK Bank)
- SMBC group companies across EMEA (including key entities like EU branches of the Japanese Parent Bank and a German Bank)
Position Description
The change team currently consists of:
- 15 permanent change professionals
- 4 temporary team members
Key metrics:
- The SMBC BI Balance sheet is approximately USD 60B
- The German Bank Balance sheet is approximately USD 25B The change team supports:
- UK BAU team (18 strong)
- EU Team (8 strong)
Responsibilities include:
- Leading projects to implement Regulatory requirements across EMEA (London, Frankfurt, Milan, Paris, Brussels, Madrid, and Amsterdam). This includes new reporting requirements for statistical and regulatory reporting, defect corrections in relation to regulatory systems, and managing software upgrades.
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Acting as Deputy to the EMEA Head of Regulatory Reporting, providing essential support for team activities and representing the Finance Regulatory Change (Reg Change) team to relevant governance forums.
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Resolving operational reporting issues by delivering constant process improvements, primarily through automating production of returns and reducing manual adjustments.
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Communicating project progress with relevant stakeholders via regular update meetings.
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Managing the processes for:
- Design, development, support, testing, and maintenance of business requirements to deliver projects
- Understanding and documenting business requirements to create development specifications
- Undertaking User Acceptance Testing (UAT) and implementation testing for new developments
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Undertaking Additional Ad hoc project tasks as required.
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Dual-hat role: Responsible for overseeing day-to-day provision of services to the SMBC London Branch based on agreements.
- Role acts equivalently to NCM Finance team in EMEA, directed by EMEA Finance & Compliance leadership.
Skills and Experience
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Partially or fully qualified accountant
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Project Management qualification
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Working knowledge of:
- Reporting query software
- Spreadsheets
- Data mining
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Functionally certified business analyst and expert in:
- Banking sector (across multiple countries, covering UK, France, Belgium, Dubai, Italy, Germany, Spain, Ireland and Netherlands)
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Experience in managing callback balances per the regulatory clean template (SEP2)
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Familiarity with regulatory obligations in:
- Liquidity
- Capital
- Large exposures
- Statistical reporting
- FINREP
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Product knowledge from working in the banking sector
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Knowledge of WKFS (FRSGlobal) products across multiple countries.
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Experience producing business requirements in liaison with Regulatory Reporting teams.
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Ability to act as consultant to the Business on all Finance Regulatory Reporting tasks.
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Technical skills in interrogating and analysing data on platforms such as:
- Oracle
- MS Access (SQL)
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Ability to deliver Knowledge and Documentation support across:
- The development life cycle (requirements, gap analysis, test plans, UAT, issue/risk logs, user procedures, and continuous process improvements).
- Functionally knowledgeable as the software supplier business experts, enabling engagement in discussions and meaningful analysis, including bug fixing/testing.
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Knowledge of Upgrade procedures for:
- Testing all software
- End-to-end testing of new software
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Technical knowledge to work closely with and manage 4-5 member development team aligning business requirements with software understanding.
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Manage the entire testing phase in all countries, including:
- Software training
- User setup
- Bespoke development software training
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Preparation and analysis of:
- Regulatory and statistical reporting
- Regular commentary for senior stakeholders on the current state, status updates, and upcoming changes
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Experience providing regulatory analysis to:
- Front and middle office
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Deep knowledge of:
- FinTech banking systems
- General accounting principles
What We Offer
To support your career growth and overall well-being, we provide:
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Competitive, attractive remuneration package for exceptional contributions.
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A supportive work culture fostering career progression and continuous development.
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Core values-driven work environment, prioritising:
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Hybrid and flexible working policies
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Competitive paid leave options
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Benefits prioritising physical wellbeing:
- Private medical insurance
- Life and invalidity insurance
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Policies fostering mental wellbeing, including:
- A robust behavioral health network with counselling and coaching services
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Access to learning and development opportunities that help refine expertise and progress careers.
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Policies supporting healthy work-life balance:
- Sport and social clubs
- Diversity and Inclusion networks onsite
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Commitment to social change: Proactively supports equal opportunities, encouraging applications from under-represented groups.
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Reasonable adjustments offered during recruitment if required due to a disability or long-term condition.
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Equitable and transparent pay practices:
- Assessment criteria based on skills, experience, and role responsibilities.
- Ensures fair and consistent compensation throughout the hiring process.
- No defined policy upon disclosure of candidate pay history.
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Values unique backgrounds and perspectives across professional and personal lives, fostering continuous sustainable growth.
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