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CMS Deposits Product Owner
SUMITOMO MITSUI BANKING CORPORATION
Source: Headcount Labs · original listing ↗
Job data: Headcount Labs, ODbL 1.0. Job descriptions belong to their employers.
Posted Oct 22
About this role
Who we are 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. Role Summary The Platform Owner – Deposits & Core Banking serves as the primary bridge between business strategy and technology delivery within the Cash Management Solutions Team. The role carries end-to-end accountability for the bank's Deposits product suite and for the Core Banking platform (currently Profile) that underpins all posting, interest calculation, client data management and financial processing across the organisation. The incumbent translates strategic and regulatory requirements into clearly defined, prioritised and actionable deliverables, ensuring that technology solutions are robust, compliant, commercially viable and aligned with the bank's broader digital transformation objectives. As the voice of both the business and the system, this role demands a rare combination of banking domain expertise, technical fluency in core banking architecture and the leadership capability to drive outcomes in a complex, regulated environment. The Cash Management Solutions Team Cash Management Solutions (CMS) is a Team within the bank's Information Technology division responsible for the design, delivery and ongoing stewardship of technology platforms that support the bank's cash and deposit-related products. CMS operates across multiple verticals, of which Deposits is one. Each vertical is led by a Technical Product Owner who acts as the accountable delivery lead, working in close partnership with Business Product Managers and subject-matter experts embedded in the Business division. The Deposits Vertical The Deposits vertical encompasses all technology capabilities related to the bank's deposit product offerings, including current accounts, savings accounts, nostro, vostro, etc. Given the foundational nature of deposit-taking to the bank's business model, this vertical interfaces extensively with risk, compliance, finance, operations and client-facing teams. Governance Model The bank operates a split Product Management model in which strategic product ownership and commercial accountability reside with the Product Manager in the Business division, while technical product ownership – including backlog management, solution design and delivery oversight – sits with the Technical Product Owner in IT. The Technical Product Owner for Deposits also holds accountability for the Core Banking platform (Profile), making this role uniquely cross-cutting in its scope and influence. The anticipated salary range for this role is €65,000.00 – €121,000.00, with the final offer determined based on the candidate’s skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision. Position Description Product Ownership – Deposits Maintain and prioritise the Deposits product backlog in alignment with business strategy, regulatory obligations and customer outcomes, collaborating closely with the Business Product Manager. Lead the translation of business requirements into product roadmaps, epics, and user stories, ensuring development activities are aligned to approved programmes, strategic investments, and capital-funded initiatives. Define and refine epics, features, user stories and acceptance criteria to a standard that enables efficient and accurate delivery. Attend and actively participate in all ceremonies, including sprint planning, backlog refinement, sprint reviews and retrospectives. Act as the primary decision-maker for scope and priority trade-offs within the Deposits vertical, escalating material decisions to the Head of Cash Management Solutions where appropriate. Ensure new Deposits product features and enhancements are delivered in accordance with regulatory requirements, audit standards and change management frameworks applicable to the banking environment. Provide sign-off on completed deliverables at sprint review and serve as the formal accept or reject authority for work items before release to production. Core Banking Platform – (currently Profile) Act as the IT product owner for the bank's Core Banking system (currently Profile), representing the interests of all consuming business lines and technology teams. Maintain a deep functional understanding of Profile's modules, including posting and transaction processing, interest calculation engines, client and account data structures, fee and charge management and product configuration capabilities. Manage the Core Banking backlog, ensuring platform enhancements, upgrades, patches and vendor-driven changes are appropriately assessed, prioritised and integrated with the broader delivery roadmap. Serve as the key liaison between the bank and the Core Banking Platform vendor on all matters relating to product roadmap, version upgrades, defect remediation and contractual obligations. Oversee impact assessments for any change (regulatory, product or technical) that touches the Core Banking platform, ensuring downstream dependencies across all business lines are identified and managed. Drive the modernisation and optimisation of Core Banking capabilities in line with the bank's digital and operational strategy. Stakeholder Engagement Position Description Build and maintain strong working relationships with Business Product Managers, operations leads, risk and compliance stakeholders, finance and internal audit. Facilitate requirements workshops, design reviews and product demonstrations with cross-functional stakeholders. Communicate backlog status, delivery risks and roadmap progress clearly and regularly to senior stakeholders and governance forums. Partner with Enterprise Architecture, Infrastructure and Security teams to ensure solution designs meet non-functional requirements including scalability, resilience and information security standards. Regulatory Compliance & Risk Management Ensure all Deposits and Core Banking changes comply with applicable banking regulations, including prudential standards, consumer protection requirements, AML/KYC/Sanctions obligations and Data privacy frameworks. Maintain comprehensive audit trails for all material system changes and product decisions in accordance with the bank's change management policy and regulatory expectations. Proactively identify and escalate technology risks associated with the Deposits product suite and Core Banking platform and support the development of appropriate mitigating controls. Participate in internal and external audits as the technical authority for Deposits and Core Banking, providing evidence and remediation plans as required. Delivery Performance Monitor and report on delivery velocity, sprint outcomes and key performance indicators for the Deposits vertical and Core Banking platform. Identify impediments to delivery and work with the Delivery Manager and relevant stakeholders to resolve them promptly. Champion continuous improvement practices within the Team, fostering a culture of quality, innovation and accountability. People Management Provide strategic leadership and direction to the team, translating organisational objectives into clear priorities, delivery plans, and measurable outcomes. Lead, develop, and mentor a high-performing team, fostering a culture of accountability, collaboration, continuous improvement, and professional growth. Competencies Customer Focus Driving Change Driving Results Embraces Diversity Enterprise Leadership Judgement and Decision Making Risk Management Strategic and Visionary Trust and Integrity What we offer For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks. The anticipated salary range for this role is €65000 – €121,000 , with the final offer determined based on the candidate’s skills, experience, role scope, location, and relevant market factors. In addition to base salary, the role may be eligible for a discretionary incentive award and a competitive benefits package, including core benefits such as pension provision. As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you: • Hybrid and flexible working • Competitive paid leave days • Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance • Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services • Access a wide range of learning and development opportunities and career progression opportunities • Ambitious remuneration package So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!