At Societe Generale, you will be joining the Finance division of Global Banking & Investors Solutions (GBIS), one of the three pillars of SG that brings together Corporate and Investment Banking activities, Private Banking activities, Asset Management and Investor Services. This division oversees the quality and delivery of financial statements for GBIS, the independent certification of financial data for various activities, and also provides day-to-day explanations on profit and loss for market activities.
Description of the Business Line or Department
Societe Generale Securities Services (SGSS) is present in 29 locations worldwide with around 4,000 employees.
SGSS provides financial institutions and brokers, asset managers and insurers, and businesses with a full range of securities services adapted to the latest financial market and regulatory trends:
Custody & Trustee Services
Fund Administration & Asset Servicing
Global Broker Dealer Services
SGSS UK concentrate primarily on:
Wealth Management Services
Global Broker Dealer Services
SGSS/CAO is the department in charge of transversal functions within SGSS, including all administrative, financial and operational activities for the business. It also provides functional coordination of the Support Functions dedicated to SGSS, including Finance (DFIN), Operational and Credit Risks (RISQ), Compliance (SEGL/CFT) and Legal (SEGL/JUR).
Summary of the key purposes of the role
The key purpose of this role is to support the Head of Operational Risk Management inside the business line SGSS UK.
This will primarily be around the maintenance of the primary operational risk tool: GPS
Assisting in the logging of losses or incidents inside SGSS UK
Assisting in the risk identification and mitigation possibilities for new processes and procedures
Contributing to the oversight of Outsourced services
Assisting with other ad hoc activities across the business line from a risk perspective such as building of the Risk Review pack and other packs for which inputs are required.
Summary of responsibilities
To assist the local RM overseeing the entity: Societe Generale Securities Services operations within the UK by being involved within the following topics and tasks:
Facilitate strong business line and branch risk governance over operational risks, and other risks on the SGSS UK perimeter, contribution to SGSS UK and EMEA operational risk committees by taking minutes and producing minutes (SGSS UK).
Culture: Promote a strong risk culture in the SGSS teams, through targeted forums and the cascading of all related global messages where necessary.
Assist to provide monthly or quarterly reports and analysis of business risks to ROCS and SGSS and BL management teams alongside the RM SGSS UK and on occasion as a backup.
Risk assessment : Perform RCSA exercises annually as well as ad hoc risk assessments whenever there is a perceived change in risk profile.
Loss-gain and incident : Lead the identification, escalation and remediation of operational risks on the perimeter, including report, follow up of incidents and resulting actions when the RM is on holidays.
Perform Qualitative assurance and Quantitative follow up of SGSS Managerial controls / KRI and insure the continuous adaptation taking into account the evolution of SGSS business activities (including implementation of new controls).
Focus on change:
Review process and procedure to identify major operational risks
Assist with any monitoring of GPS controls for permanent supervision
Risk projects : Facilitate the SGSS rollout of new Risk initiatives (ex : GBIS cash payment project) and tools (ex : T2EOREM, MORSE+)
Provide day to day risk support to business teams, escalating to Risk and SGSS management as appropriate
Lead the timely follow up of all Audit recommendations, Caroline actions, NPC conditions (in close cooperation with the COO as a backup), other actions, in order to mitigate underlying risks on the SGSS perimeter
Contribute to the oversight of Outsourced services
On occasion, there may be ad hoc items to assist the OSM of SGSS UK with.
The VIE assignment in a nutshell
This VIE in London is to begin as soon as possible but you need to plan 3 months between your application date and the beginning of your VIE assignment. It will last 12 months.
The VIE is a specific contract, under Business France’s eligibility criteria, opened to candidates under 28 and from the member states of the European Economic Space. For further information, please see www.civiweb.com.
Graduate with a Master degree from Business/Engineering school or University.
You have excellent interpersonal skills and wish to contribute to the effectiveness of a very dynamic team;
You are proficient with MS Office applications;
You combine motivation, adaptability, disciplined thinking, independence, strong analytical skills, willingness to learn and interest in the Corporate Banking Environment ;
You are fluent in English, a strong knowledge in French would be desirable but is not a prerequisite;
You are a team player, fast learner, highly numerical and able to work under pressure and towards tight deadlines
You are highly organised and efficient, with ability to multi-task;
You are committed and dedicated;
You have a strong work ethic;
A first experience in some operational ris