Regulatory Reporting team in London consists of approximately 19 staff. The team is responsible for both the internal management information for the daily and monthly monitoring of capital and liquidity adequacy and large exposure, as well as production and submission of the regulatory returns to the regulators, including the Bank of England, PRA and FCA. The team is also involved in SMBC BI’s annual ICAAP, ILAAP and RRP process, CM Limited’s annual ICARA process, as well as responsible for compiling the Pillar 3 disclosure documents for SMBC BI (quarterly, semi-annually and annually) as well as the IFPR disclosure document for both CM Limited and DP Limited annually.
Key stakeholders which the team work closely with include:
- Senior Management – Present management information to support oversight responsibilities
- Front Office and Credit Department – SME advice on regulatory capital requirements associated with Sales & Trading transactions
- RMD – Collaborate with RMD on their independent reviews of regulatory reporting, as well as on the ICAAP, ILAAP, RRP and ICARA processes
- STPD Planning – Collaborate around Front Office communications, monitoring approved commitments and pipeline of future transactions
- OAD – Provide SME advice on appropriateness of booking processes
- IT – Interaction on change programmes and BAU production support
- Compliance and STPD Legal – Interactions with the regulator and compliance with legal requirements
- SMBC Bank EU Regulatory Reporting team – Collaboration with the counterparts in Bank EU to ensure consistent treatment where there are common rules in both the UK and EU and share best practice
This role is primarily responsible for monitoring the daily and monthly SMBC BI Market Risk RWA (as part of the capital ratio monitoring), quarterly production of SMBC BI’s market risk COREP templates as well analysing the Market Risk RWA impact from new products.
