Enterprise Risk Management Officer / Risk Appetite & Reporting

Permanent contract|New York|Risks

Enterprise Risk Management Officer / Risk Appetite & Reporting

New York, United States Permanent contract Risks

Responsibilities

The risk professional sought for this position will be a member of the Risk Appetite and Reporting (RAR) team being part of the SG US Enterprise Risk Management Team, reporting to the Head of Risk Appetite and Reporting (located in New York). He/she will also be part of the “Risk Automation & Innovation” functional group made of risk professionals located in Montreal, tasked with enhancing RISQ’s usage of relevant data and analytics to support risk management.

Day to day responsibilities include but are not limited to:

  • Risk Appetite Statement (“RAS”)

    • Ongoing maintenance of the Risk Appetite Statement including renewals (effective challenge, maintenance of metrics/limits, review & alignment to BL’s strategy, etc.).

    • Partner across the bank to strengthen the overall risk assessment and monitoring processes.

    • Maintain a control framework for the RAS metrics.

  • Coordinate all aspects related to enterprise-level Risk Committees:

    • Work with the Risk team in assessing and supervising risk functions in the Americas including effective challenge across a wide range of risk types.

    • Liaise with risk stripe leadership and business lines for timely and accurate contributions.

    • Review key risk metrics, including breaches of limits and thresholds, and provide in depth analysis of material events potentially impacting the firm.

    • Continued maturity and ongoing maintenance of tools/systems to support the enterprise in producing aggregate risk analysis reports.

    • Update or document Enterprise Risk guidelines and procedures.

    • Interact with the business lines to prepare the different committees and follow-up conditions determined by the risk functions.

  • Manage the coordination of the assessment of New and Living Products which SG AMER is exposed to, and oversee the New Product Policy; present opinions for approval at the New Product Committee ("NPC").

    • Development and maintenance of the NPC Framework.

    • Support of the NPC process through stakeholder and opinion coordination.

    • Contribution to the development and maintenance of NPC-related tools.

    • Execution of NPC-related controls on a periodic basis.

  • Support transversal topics such as Regulatory Exams, change-the-bank activities, systems design, and presentations of SGUS risk profile to Senior Management both in the US and at Head Office level.

As a member of the Risk Automation & Innovation group, the risk professional will also work with all RISQ teams to improve the efficiency of risk monitoring and enhance the development and usage of risk analytics.

Profile required

Competencies:

  • Strong presentation and excellent oral/written communication skills; proven experience in delivering strong, well-structured presentations for senior leadership.

  • Effective interpersonal and influencing skills.

  • Ability to interact with business lines, management and support functions and to provide effective challenge to members of business line and of risk management across the organization.

  • Effective communication and analytical skills.

  • Efficiency and ability to achieve results under tight deadlines and high pressure; strong problem-solving abilities.

  • Quick learner and self-starter with a hands-on approach.

Technical Skills & Knowledge:

  • Knowledge in risk management concepts and measurement techniques.

  • Understanding of key activities linked to a financial institution operating a large captial markets activity, inclusive of trading portfolios and lending activities in the Americas.

  • Quantitative and technical skills needed for risk reporting and analysis.

  • Prior involvement project management from user’s perspective, especially innovation projects, preferred.

  • Strong MS Office skills (Word, Excel, Powerpoint); working knowledge of a business intelligence tool is a plus (Power BI, Tableau, etc.).

  • In addition, for the needs of the Risk Automation & Innovation group, candidates with one or several of the following skills will be preferred: basic understanding of a scripting language (Python, R, Java, Matlab, etc.), functional knowledge of relational databases, SQL, and APIs, knowledge of data management main principles and regulations.

Qualifications (Experience, Education, Languages):

  • 5+ years in the banking industry, preferably in a risk or compliance environment

  • Master’s degree

  • Fluent written and spoken English

Business insight

The RISQ Division's mission is to contribute to the sustainable and predictable growth of the SG Group by overseeing and independently challenging the objectives and strategies of the Business Lines. RISQ’s mission is to independently analyze, challenge, opine and monitor on the risk-taking activities of the Business Lines in order to get to the best possible outcome for the Bank. The RISQ division in the US supports all the activities in the Americas Region (US, Canada and Latin America), which is almost exclusively SGCIB-oriented.

The Enterprise Risk Management department has the following remit, across all risk types to which SG’s Americas operations (SG AMER) are exposed:

  • Coordinate risk analysis reporting to risk committees, including SG’s Enterprise Risk Committee, Executive Committee’s Risk Committee, and SG’s Board of Directors U.S. Risk Committee;

  • Establish, and monitor adherence to, Risk Appetite Statements for SG AMER and its business lines;

  • Coordinate and enhance SG AMER’s risk identification and assessment framework, and conduct periodic risk identification and assessment campaigns; Coordinate and enhance SG AMER’s stress testing framework, and conduct periodic stress testing exercises;

  • Oversee SG AMER’s Strategic Risk management and Environmental & Social Risk management, in a second line of defense role;

  • Coordinate the Permanent Control framework in SG AMER; Organize and monitor SG AMER’s risk management framework, risk committees, and roles and responsibilities for all lines of defense;

  • Oversee SG AMER’s policies and procedures and Issue Management framework; and contribute to the development and usage of a “Governance, Risk and Compliance” (GRC) information system architecture across SG AMER.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000PSS
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2022/10/24
Publication date: 2022/09/09
Share