Analytics & Modelling AVP

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.

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.

Are you ready to take the next step in your career with SMBC Group EMEA? We are seeking a Quantitative Risk Analyst / AVP to join our Modelling Team within the Risk Management Department.

Reporting to the Head of Modelling Group and based in our London office at 100 Liverpool Street, this role will be responsible for the development, monitoring, and maintenance of internal and vendor models used for Climate Risk assessment across the EMEA region. The successful candidate will ensure that these models comply with the latest PRA, EBA and ECB regulatory expectations, as well as internal Model Risk Management standards.

This role also provides exposure to the Bank's ICAAP, ICARA, IFRS9 and other strategic initiatives.

The ideal candidate will be a strong team player with excellent attention to detail, strong analytical and problem-solving skills, and solid experience in credit risk analytics and modelling within financial services. Proficiency in Python and MS Excel is essential. A good understanding of climate related regulatory requirements and climate risk modelling is highly desirable.

This role sits within the Modelling vertical of Credit Portfolio, Policy & Modelling Group within Risk Management Department (RMD) at SMBC BI. The team is responsible for the quantification of Credit, Operational, Market, Counter party, Liquidity and Climate Change risks for both internal and regulatory purposes, as well as for the development and maintenance of the Model Risk Management Framework across the EMEA region.

The role holder will primarily support the development, execution, monitoring, and documentation of Climate Risk models, ensuring all outputs meet regulatory, governance and audit standards.

Climate change represents one of the most critical challenges facing the global financial system today, with its potential impacts becoming increasingly apparent. Its financial impacts are becoming increasingly evident, prompting UK and EU regulators to introduce climate stress testing and scenario analysis exercises to assess the resilience of the banks and insurers. In response, we have proactively enhanced our climate risk frameworks and methodologies to align with emerging regulatory expectations and industry best practices.

This role will play a key part in ensuring that our climate stress testing and scenario analysis methodologies remain robust, forward-looking, and compliant with regulatory standards.

· Interaction with Senior Management, Risk committees, Internal & External Auditors, and Regulators.

· Work in a multi-cultural environment with a wide range of internal and external stakeholders.

· Develop, document, execute and monitor Climate Risk models for various SMBC entities across the EMEA region, ensuring compliance with regulatory expectations and internal policy.

· Support the quantification of climate risk for regulatory reporting and internal capital assessments, including…