AVP, ICAAP & Stress Testing-ERM

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network.  We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

Sumitomo Mitsui Banking Corporation Malaysia Berhad

Job Summary

The holder of this job is mainly responsible to assist Head of Enterprise Risk Management (ERM) in implement and enhance the ICAAP and Stress Testing processes and communicate the results of these analysis in the Annual ICAAP Report and stress testing reports. The holder is also responsible to assist in the development, implementation, and enhancement of ERM projects, such as climate risk stress testing and recovery planning.

Job Responsibilities

ICAAP
1. Assist to review and maintain the Bank’s Risk Assessment and Capital Adequacy Assessment in accordance with ICAAP guidelines.
2. Liaise with other Risk departments to gather data and inputs for the Bank’s ICAAP model.
3. Assist to prepare the Annual ICAAP report and incorporate the stress test results into the Annual ICAAP report.

• Stress Testing
• 4. Assist to develop and enhance Stress Testing scenarios to take into consideration current micro- and macro-economic factors.
• 5. Conduct the bank wide stress test, further providing detailed analysis on the impact of adverse economic scenarios on the Bank’s credit, market, interest rate/ liquidity and other risks.
• 6. Perform the reverse stress test to identify adverse scenarios which could threaten the Bank’s viability and report the results to Management for consideration.
• 7. Assist in the development and implementation of the climate risk stress testing processes, methodologies, and models. 
• 8. Assist in management of the stress test programme, including to review and enhance its policies and procedures
• Risk Governance and Policy Matters
• 9. Assist to review policies / procedures related to ICAAP, Stress Testing Framework, and Capital Management Framework, and ensure compliance to Head Office rules and regulatory requirements.
• 10. Assist to consolidate the monthly risk assessment results from all Risk departments to prepare the monthly Risk & Control Measures Dashboard.
• Recovery Planning 
• 11. Assist in coordinate and collaborate with internal department to ensure that the capital recovery plan / capital contingency plan align with respective requirement.
• 12. Assist in conduct scenario analysis and stress testing for recovery planning.
• Environmental Risk Management
• 13. Assist in coordinate and collaborate with internal department to ensure environmental risk management planning align with respective requirement.

Others
14. Undertake ad-hoc tasks as assigned by Head of ERM/Senior Management from time to time.
15. Produce reports as and when required by the Management in response to internal or external parties’ requirement e.g. BNM, RAM, Fitch etc.

Job Requirements

1. A recognized degree in Accounting, Finance, Business Administration, Banking, or quantitative discipline (such as Statistic, Mathematics, Actuarial).  Other equivalent professional qualifications would be an advantage.
2. A minimum of seven (7) years’ experience in financial institution, preferably in Enterprise risk management or Credit, Market/Liquidity Risk Management.  
3. A minimum of five (5) years’ experience in the areas of, policy review/ development, stress testing, project management of financial instruments.
4. Strong understanding on BNM requirement.
5. Sound knowledge on financial products.
6. Strong stakeholder management skills, able to work across all levels of the organisation.
7. Team Player.
8. Strong communication, interpersonal and presentation skills.
9. Attention to detail is essential.