Recovery & Resolution Planning (Vice President)

Job Description

Primary Tasks – Guidance Notes

1. To run the annual SMBC-BI RRP and ensure that the Bank meets its Board and Regulatory commitments under the Recovery and Resolution Plan (“RRP”) and Solvent Wind Down Planning (“SWDP”) Framework as required by the Bank Recovery and Resolution Directive (2014/59/EU), PRA Policy Statement on Recovery (PS 29/17), PRA Supervisory Statement on Recovery (SS 9/17) and PRA Supervisory Statement on Resolution Planning (SS19/13).
2. To assist with and input into coordinating RRP activities for SMBC EMEA subsidiaries and branches. This includes exchanging information and best practices within the region and with the SMBC EU AG Bank Head of RRP.
3. To enhance and optimize the underlying processes ensuring they are well documented and robust in the annual delivery of SMBC-BI’s Recovery Plan, Resolution Pack and Solvent Wind Down Plan and for the CM Ltd. Recovery Plan. Final delivery will include Board materials to summarize the work undertaken and conclusions ahead of the local Committee as well as briefing sessions for the Board of Directors.
4. This role will additionally participate with the annual update of SMBC-BI’s ICAAP and the CM Ltd. ICARA documents to meet Board and Regulatory commitments.

Background

The Enterprise Risk Management team is part of the wider Risk Management Department within SMBC-BI and supports senior management to implement an efficient end-to-end risk management framework. The team is responsible for various Enterprise Risk Management matters including:

1. annual Internal Capital Adequacy Assessment Process (ICAAP), and ICARA;
2. Bank Recovery Plan, Resolution Pack and Solvent Wind Down Plan (collectively RRP);
3. Top Risks and Risk Identification Processes;
4. Risk Register process;
5. Risk Appetite;
6. Risk Reporting for ERM Committee, ExCo and Board Risk Committees.

Working with the Head of ERM and wider RMD team, the role holder is responsible for supporting the annual and ad hoc work pertaining to RRP and ensuring these are updated to reflect internal and regulatory requirements and continuously develop to match market best practices.

1. This includes coordinating workstream deliverables, presenting approval items to the governance committees, ensuring RRP documentation is completed on time for annual submission to the Board and provision of training materials for distribution to senior management, as well as supporting the preparation, organization and execution of regular fire drill exercises with senior management and the Board, as per regulatory requirements and expectations.
2. This may also require communication, coordination and support to key stakeholders at SMBC Group with respect to RRP topics as necessary.
3. Working with the Head of ERM to support the annual (as well as ad hoc) updates of the SMBC-BI ICAAP including coordination/compilation of analysis, supporting ICAAP workstreams, preparing materials for circulation to Risk and Board Committees, performing elements of the capital adequacy assessment and drafting/reviewing sections of the ICAAP document.
4. Re-engineering of existing RRP processes to ensure these are optimized and remain robust using a variety of applications (MS Excel, PowerPoint and Word).
5. The role holder will be required to assist the Head of ERM with the briefing sessions for senior management including the SMBC-BI Board and arranging organizing committee administration.

Accountabilities & Responsibilities

1. Lead the annual update of the SMBC-BI Recovery Planning, Resolvability and Solvent Wind Down Plan (SWDP) analysis.
2. Maintain and regularly update the Bank’s RRP and SWDP processes.
3. Perform RRP related assessments (e.g. Recovery scenario/impacts, Recovery options/impacts, etc.).
4. Produce and assist with presenting RRP related items for approval at ERMC along with regular progress updates.
5. Ensure consistency of processes through dialogue with the EMEA Head of RRP including exchanging ideas for scenarios/recovery options and process enhancements around RRP (including Solvent Wind Down, Resolvability and Operational Resilience) and fulfilling all requirements as, including monitoring, reporting to ERMC and other stakeholders.
6. Ensure process and documentation in relation to key regulatory driven processes (e.g. RRP, ICAAP, etc.) are regularly reviewed and are in line with industry best practice and streamlined.
7. Ensure that any relevant risk related items, including the RRP related Risk Appetite Measures, are presented appropriately for review, challenge and formal approval.
8. Development and update of SMBC BI’s strategic planning and risk management processes, with a particular focus upon aspects of RRP regulatory change.
9. Act as RMD representative in RRP related working groups to address UK regulatory changes and impact.
10. Engage with external parties in order to maintain a high level of awareness of current industry/regulatory developments.
11. Undertake research and investigations on any key industry developments.
12. Take appropriate measures to integrate all necessary regulatory processes into the overall business framework of the Bank.
13. Participate proactively in risk management training activities, including preparing and delivering training to relevant personnel in the Bank.
14. Take initiative on various ad-hoc projects arising from day-to-day businesses or as instructed by management.
15. Provision of risk services to regional entities in accordance with the relevant intragroup SLA/intragroup arrangements, where applicable.
16. Support the development of the annual ICAAP update including key analysis for the Reverse Stress Testing.

Knowledge, Skills, Experience & Qualifications

1. Detailed knowledge of RRP regulations and industry practices (PRA, EBA, Basel) relating to key risk management processes undertaken (essential).
2. Excellent Office 365 skills (essential); coding skills would be an advantage.
3. Strong working knowledge of regulatory expectations for RRP, ICAAP.
4. Excellent communication skills, both oral and written (essential).
5. Strong numerical skills and ability to interpret and communicate effectively (essential).
6. Experience of senior level stakeholder engagement (desirable).
7. Project management skills (desirable).
8. Degree educated (or equivalent), particularly maths, economics, accounting or social sciences an advantage.