Responsibilities
About the team:
This team resides inside the Finance division of SG, with primary responsibilities being accountability and responsibility for the independent production and certification of the accounting quality Profit & Loss (P&L) and Balance Sheet. Balance sheet is reviewed via daily controls, and PnL is flashed daily by this team, but fully reconciled at month-end.
The team has both onshore and offshore components. The onshore team is in NY\Montreal (3 members), and performs management and over-site, while the offshore team (4 members) is located in Bangalore and handles most, but not all, of the production tasks. The on-shore team supervises the output of the off-shore team. The entire team is responsible for the control of accounting feeding and the reconciliation of the accounting data to back-office data. A specific focus of the team is the review & reconciliation of the Balance Sheet and Off-Balance Sheet balances held and reported by GBIS.
About the Role:
As a vital member of our global team, you will play a key role in enhancing our financial operations and ensuring compliance across various platforms. Your expertise will help us navigate the complexities of finance and risk management, contributing to our mission of delivering exceptional results. In this role, you will be responsible for the following duties:
· Work transversally across the different Finance, Risk and Operations teams to assist in reconciling various control related issues.
· Review of accounting balances, Risk Weighted Assets (RWA), Net Banking Income (NBI), cost of risk and the distribution of detailed schedules to the Business Line.
· Working closely with the RISK department to review\post cost of risk levels.
· Identify root causes of different control breaks/ issues and partner with other teams and business partners to put remedial solutions in place.
· Represent the team as a subject matter expert on assorted project teams and initiatives. Working with the New Product Committee (NPC) and Accounting Policy teams.
· Work closely with internal and external audit teams, furnishing data\answers up request, with follow-up to explain where necessary.
· Review daily commentary on breaks by the offshore team for accuracy. Ensure that each break has an explanation, and if not, that it is actively being researched.
· Maintain detailed off-line reconciliations for general ledger activity that is processed manually to the general ledger outside of the upstream product systems. Perform Balance Sheet & Off-Balance Sheet substantiation & sign-off.
· Diagnose repetitive root causes that create control breaks & partner with technology and operations to implement preventative measures going forward.
· Work closely with Operations to understand any possible impact to reported financial statements arising from outstanding control breaks around cash.
· Manage small to medium scale project initiatives involving individuals from diverse groups.
Profile required
What you bring to our team:
Skills and Qualifications:
- Capital Markets Knowledge: Strong working knowledge of diverse Capital Markets with an emphasis on Loans and Bonds.
- Analytical Acumen: Proven ability to analyze complex financial data and present findings clearly and effectively.
- Understanding and working experience with IFRS, French and US GAAP, and the core differences in the accounting treatments as they relate to the role.
- Financial Reconciliation Skills: Ability to reconcile various financial controls and reports, ensuring accuracy and compliance.
- Experience with reconciliations within a banking or financial institution.
- Proactive Mindset: A problem-solver who thrives in a fast-paced environment, able to adapt to changing priorities.
- Problem-solving and analytical skills, and the ability to pinpoint root cause issues & implement both tactical and strategic solutions.
- Ability to manage large amounts of data and turn this date into meaningful analysis to respond to various inquiries.
- Ability to work as a team player and communicate effectively both verbally and in writing.
- Effective Communication: Excellent interpersonal skills to collaborate with diverse teams and convey technical information clearly.
- Experience working with strict deadlines (i.e. month-end close process).
Qualifications:
- 5+ years of working experience in the Banking industry (ideally in Investment Banking)
- Exposure to Finance & Accounting.
- Working knowledge and understanding of Transaction Banking activities, with previous relevant experience.
Education: Bachelor’s degree in business and/or Finance.
LANGUAGE:
Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.
Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority ("FINRA")
Why join us
OUR BENEFITS:
WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALE
Competitive compensation & benefits offering, including but not limited to:
- Minimum of 20 Vacation days + 4 personal days
- Supportive Maternity, paternity, parental and adoption leave policy
- Health spending ($2,000/year) and personal spending ($1,000/year) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.)
Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family
Various Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.
- A culture of continuous development by encouraging our employees various training programs (online training and coaching platform such as Coursera, GoFluent, Pluralsight, First Finance, and others)
Business insight
OUR CULTURE:
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.
For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision:
• Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
• Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
• Engage our community and marketplace, and position the organization to meet the needs of all its clients
For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)
HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.
Societe Generale is an equal opportunity employer and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law. We strive to write our postings as inclusively as possible. If, however, one gender is used alone in this display, it designates persons of all gender identities.