SMBC: A trusted partner for the long term
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.
Section 1 - Details
Job Title / Corporate Title
Sustainability Risk Manager VP
Department / Group
Risk Management Department, Sustainability Risk Team
Responsible to / Line Manager
This should be a role title, not a named individual.
EMEA Head of Sustainability Risk
Direct Reports
This is about scope of the role. Please include job titles and the reporting relationship.
Partial oversight of an associate
Location
London
Date Prepared
July, 2023
MiFID Knowledge and Competence
In scope of out of scope
Certification regime
In scope or out of scope
Section 2 - Purpose of Job
The Sustainability Risk Manager will support the Head of Sustainability Risk Management in the delivery of the team's core objective, to consistently deliver regulatory compliance and effective Sustainability Risk management, through a Sustainability Risk framework integrated across the business. Responsibilities include:
- Supporting the Head of Sustainability Risk in delivering departmental objectives
- Developing, managing and integrating the Sustainability Risk Framework, associated governance and policy frameworks
- Developing the tools, policies and processes for effective risk management
- Integrating the consideration and management of Sustainability Risk across the business
- Ensure accurate reporting internally and externally on Sustainability Risk matters
This role will work in close coordination with the EMEA Sustainability team to monitor and evaluate ongoing regulatory developments and implementation for all EMEA markets, contribute to the development of new key risk indicators, liaise with Group Risk teams in Tokyo and support regulatory and management inquiries.
Sustainability-related risk is a high-priority for SMBC EMEA's leadership team, therefore the Sustainability Risk Manager will need to be actively engaged in preparing materials for and providing thought leadership to various governance fora including the UK entity Board and Risk Committees.
The individual should understand key external perspectives, such as revised recommendations from the Taskforce for Climate-Related Financial Disclosure, the Taskforce for Nature-based Financial Disclosures, the UK Climate Financial Risk Forum (CFRF).
Section 3 - Background SMBC Group has responded by setting an ambition to achieve Net Zero in our financed emissions by 2050 through our GREEN x GLOBE 2030 plan and publishing a materiality map. We are also investing in developing our internal capabilities around environmental policies, improving our climate governance, achieving net zero in our physical operations, and working with our clients to measure our financed emissions in the lead up to announcing our 2030 and 2050 targets, among others. This role will be a key player in supporting the Group strategy implementation in EMEA.
Section 4 - Facts / Scale The below lists the key points of contact and stakeholders this role will communicate with:
- Risk management across other entities and branches across EMEA for coordination and collaboration purposes.
- Risk and Strategy Teams in Tokyo for supporting and alignment of initiatives.
- Strategic Planning Finance and Control (STPD-F&C), Credit Department (CD) and Compliance (CPD)
Section 5 - Accountabilities & Responsibilities - Design and maintain Sustainability Risk frameworks to support regulatory alignment across EMEA.
- Work across functions to understand current gaps, find opportunities to enhance current processes, and to highlight best practice and implement action plans to improve Sustainability Risk management performance.
- Identify and communicate Sustainability issues and the implications to senior management across EMEA.
- Research and analyse relevant and emerging sustainability issues and identify areas of risk and opportunity.
- Support the preparation and delivery of internal and external governance meetings, being prepared to speak about current performance and able to raise issues and solutions.
- Enhancing the Environmental & Social Risk Review of Clients and Transactions, ensuring appropriate monitoring frameworks and processes are in place, aligned to market and regulatory expectations.
- Collaborate regularly with colleagues in Tokyo to ensure coordinated development of EMEA and Group risk programmes and share best practice.
- Coordinate across multiple workstreams to drive project implementation.
Section 6 - Knowledge, Skills, Experience & Qualifications Guidance Notes - A balance of skills and experience from across risk management, data analysis and sustainability.
- Familiarity with in the development and implementation of sustainability and climate risk and/or risk management solutions within financial services.
- Strong knowledge of regulatory developments impacting sustainability risk and/or financial institutions, across EMEA with particular focus on the UK and EU.
- Knowledgeable about sustainability disclosure frameworks and ratings agencies frameworks (such as the GHG Protocol Standards, SASB, GRI, CDP, SCR etc.) and data sources (such as Sustainalytics, MSCI)
- Familiarity with in implementing risk frameworks, monitoring, processes and controls in regulatory expectations.
- Familiarity with climate change stress testing, financed emissions methodologies, sustainability risk assessment application and governance in a corporate banking environment
- Strong analytical and problem-solving skills
- Ability to communicate with senior management on a range of sustainability and/or risk management topics
- Strong project management skills with a drive to overcome challenges and implement solutions.
- Collaborative mindset and excellent stakeholder management; guides others with vast experience and knowledge of the market. Comfortable working with stakeholders in all levels of the banks.
- Relevant university degree or postgraduate study required.
- Must be comfortable taking fluid, unstructured information from new legislation (such as TCFD, UN PRI & SDGs etc.), synthesizing and translating it to concrete requirements to be implemented in 1st and 2nd Lines of Defence (3LOD), staying attuned to the evolving ESG industry policy, regulatory landscape and any implication related for the bank's sustainability roadmap: GREENxGLOBE 2030.
Section 7 - Challenges (This section is optional) Guidance Notes - The Sustainability Risk Manager will be one of the primary subject matter experts in EMEA on Sustainability topics, navigating a rapidly evolving market, with developing standards and regulations, while helping to promote SMBC's sustainability credentials, ensuring we achieve our strategic ambitions, and mitigate our exposure to sustainability related risk.
- Must be comfortable taking fluid, unstructured information from new legislation (such as TCFD, UN PRI & SDGs etc.), synthesizing and translating it to concrete requirements to be implemented in 1st and 2nd Lines of Defence (3LOD), staying attuned to the evolving ESG industry policy, regulatory landscape and any implication related for the bank's sustainability roadmap: GREENxGLOBE 2030.
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We'll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.
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