Financial Regulatory Technology Lead - Vice President

Company:  Sumitomo Mitsui Banking Corporation – SMBC Group
Location: London
Closing Date: 22/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Regulatory and Compliance Technology is part of EMEA Cross - Product Platforms function and is critical to enablement of delivery and support of SMBC EMEA Legal Entities and Branches' Regulatory and Compliance obligations. This function drives Technology responses to regulatory and business driven initiatives applying rigorous framework covering change analysis, definition, delivery, maintenance and support of relevant platforms.As a Lead of Regulatory and Compliance Technology team you will provide leadership in shaping the technology strategy for the SMBC EMEA region. The purpose of this role is to provide management and oversight of Technology change delivery of External Regulatory Reporting, Monitoring and Surveillance and other Compliance obligations across EMEA. This role will provide direction and support to SMBC business, operations and control functions (Finance and Compliance) across EMEA locations.This role is crucial to alignment across the entire EMEA Technology organisation, meeting compliance standards and changes to regulations across impacted platforms and processes.Key Job FunctionsDefine and drive IT strategy, vision and target operating model aligned to EMEA Regulatory and Compliance strategy and EMEA CIO IT StrategyImplement and execute an optimal application and data architecture, change delivery processes, service excellence and operating modelEnsure the environment is secure, stable and resilient and SMBC Group Companies and Branches meet internal and external regulatory obligations and compliance requirements through sustainable Technology solutionsDefine, plan, coordinate, and execute relevant technology applications enhancementsManage IT budget relevant to in-scope delivery and teamManage stakeholder relationships with Finance, Compliance, Risk, Business and Operations functionsManage a direct team of techical subject matter resources including recruitment, career development and succession planningManage vendor relationships, selection and procurement of new or additional vendor systemsManage relationships with other Technology teams within SMBC Group providing solutions, delivery and support to EMEA Regulatory and ComplianceImplement and execute best practices and applicable IT standard to all change deliveryResponsibility and AuthorityReporting to the Head of the Cross Product Platforms for providing the Change Management capability and technology deliveries to enable Regulatory Compliance and platform Strategy for EMEA Technology and in determining and recommending appropriate tooling and implementation to enable ongoing compliance, stability and resilienceOwing to the enterprise compliance aspect of the role, the Factual impact of the role goes beyond the number of staff directedResponsible for function-specific deliverables and representing Regulatory and Compliance Technology on all strategic initiativesManagement of 6 - 12 direct reportsLiaison with all relevant departments within EMEA as required. The role includes participation, from time to time in CRR3 / Basel 3.1 Steering Committee and other relevant Regulatory and Compliance management forumsResponsibility for delivery budgets over USD 2 million per annumResponsible for managing internal technology providers (JRIA,JRIE and Outsourced service providers)Responsible for ensuring that our business partners' requirements are captured, filtered and developed in line with regulations and within the bank's strategyResponsible for ensuring that our business partners requirements are captured, filtered and developed in line with regulations and within the bank's strategy and standardsSpecific Experience and QualificationsKnowledge of the Regulatory Reporting Landscape with working experience in delivering change impacting Transaction or Prudential Regulation and ComplianceCommunication skills with stakeholders at the most senior level in the Bank and with third parties, including the ability to set and explain Regulatory and Compliance Technology changes to a non-technical audience and de-escalate issues and business impact caused by incidentsAbility to think strategically in terms of value creation, coupled with a strong commercial acumen.5-10 years’ experience in a similar technology roleExtensive relevant industry experienceDriving Change - programme and project management skills to drive effective change deliveryLeadership skills at an Enterprise level to motivate and inspire direct reports and the wider groupJudgement and decision making – on both complex technical issues and under pressure during system incidentsGlobal Liaison – ability to operate, influence and provide thought leadership globally, particularly with our core partners in the Americas and the EMEA regionExperience and understanding of change delivery across the software development lifecycle with a working knowledge of Agile Scrum methodology and managing Agile teamsManagement of a portfolio of products that contains a combination of in-house and vendor products that need to interact to enable Regulatory ReportingImplementation of Cloud infrastructure would be an advantageBusiness Analysis Skills: Must have strong problem-solving skills and be able to provide recommendations and solutions for remediation or improvementDriving continual improvement and service deliveryKnowledge of tooling and vendor management with leading industry tools used for Regulatory Reporting, Compliance and Monitoring (including Suade Labs, WKFS, S&P GRRS, Surveil X, Smarsh, BAIS etc)Strong history of managing stakeholders at various levels up to and including Board levelExperience of leading at a senior level, devising and delivering strategiesDeep knowledge and exposure to banking and capital markets products and lossesProven ability to drive productivity improvements through enhanced processes, policies and systemsStrong external network for market intelligenceCulturally awareStrong influencing skillsLiterate in Finance and Accounting Standards and practicesUnderstanding of data management principles and advanced Office skillsQualifications - Not essential as experience will play a large factorAgile Scrum CertificationPRINCE2 or other Project Management qualificationBusiness Analysis CertificationAccountancy or other Financial Qualifications
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Sumitomo Mitsui Banking Corporation – SMBC Group
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