FTE - Second Level controller RISQ/CTL

 London - Great Britain       Contractor / Temp        Risks


Description of the Business Line or Department

The mission of the Operational Risk Second Line of Defence department (RISQ OPE) is to provide independent, objective and leading operational risk management challenge and oversight services to assist the firm in maintaining an effective system of risk management.

RISQ OPE conducts the oversight of the governance, risk and control frameworks and tolerances of Operational Risk.

RISQ OPE provides proactive advice to help management identify and measure key risks, and to evaluate controls in existing and expanding businesses.

An objective is to educate the employees on the importance of operational risk management which is based on the principle that “everyone is an operational risk manager”.

RISQ OPE organises and/or tests the soundness and efficiency of the operational risk framework, especially on governance, risk identification and mitigation as well as permanent controls.

The department based in London covers particularly the SGLB and SGIL Perimeter as well as coordinate with other Risk Teams such as Private Banking Risk department in order to consolidate operational risk at UK Level.

Summary of the key purposes of the role

The Group’s internal control system is organized according to the principle of the three lines of defence:

1. 1LOD consistent of the operational departments (Business Units and Support Functions)
2. 2LOD includes RISQ/OPE which undertakes independent operational risk activities
3. 3LOD consisting of Internal Audit and General Inspection

The Second Level Controller role will support a key component of the group Operational Risk Framework: 2nd Level Control.

The primary purpose of the role is to:

1. Perform second level control on Business Unit and Support Function first level controls
2. Make recommendations to improve the quality of the first level control framework
3. Ensure the implementation of recommendations

Summary of responsibilities

• Scope of SG UK Group: SGLB , SGIL, Hambros, and Lyxor.

• Scope of functions: Business Functions (MARK/GLFI/CORI/Hambros/Lyxor/SGSS) + Support Functions (Operations/Finance/Technology/HR/Compliance/Legal)

• For in-scope entities and functions, analyze major risks and the control framework leveraging various components of the Operational Risk Framework. Based on this analysis, form an annual roadmap of intended 2nd Level Controls to be executed – discuss the roadmap with the risk supervisors of each function.

• For each 2nd Level control contained on the roadmap, conduct an all encompassing review of its design and operating effectiveness. This must include a review of any pre-existing anomalies and associated Action Plans, as defined by the 1LOD. Provide a 2nd level control assessment rating.

• Review, challenge / advise on the robustness of the 1st level controls, on a sample basis.

• Consolidate and provide an independent risk assessment to functional risk supervisors of the results of the 2nd Level reviews, to include areas for improvement. Track and report progress on recommendations, anomalies and open Action Plans.

• Consolidate and provide an independent risk assessment to GBIS senior management periodic results of the 2nd Level Control, to include assessment ratings, anomalies and associated Action Plans, and progress updates on all open anomalies and Action Plans.

• Can be associated or take the lead on 2nd Level Control toolset training sessions

Level of Autonomy and Authority

Second Level Controllers are involved in analysing operational risk data versus the existing control framework, collectively assessing the design and operating effectiveness of the second level controls. The role encompasses decisions regarding assessment scope (with the assistance of management, as required) and engagement with functional risk supervisors. The Second Level Controller will take ownership of tracking 2nd Level Control coverage and results. The role holder will decide on improvement recommendations, track open anomalies and open Action Plans through to closure.

All our positions are open to people with disabilities

Profile Required


Business knowledge
-Operational Risk Processes Knowledge
-Underlying business knowledge and experience (Corporate and investment banking environment)
-Knowledge and experience of market activities
-Knowledge and experience in Operations or Product Control
-Pack Office (Power Point, Word or Excel Expert)
-Operational Risk Tools knowledge (SG or Industry)
-Knowledge of tools used in the processing chain is a plus (SG or Industry)

Soft Skills
-Strong analytical skills with high attention to details and accuracy
-Excellent verbal, written, and interpersonal communication skills
-Able to organize time, multitask, and define priorities (autonomy)
-Able to interact with all levels of the organization from operators to executive management members
-Ability to be flexible and agile (priorities may change and escalation need to be adapted)
- Demonstrated ability to lead change through influencing skills, be a positive change agent

-English required – French is a plus.

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Societe Generale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

Business Insight

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different

Job code: 19000O8I
Business unit: SG CIB
Starting date: 17/11/2019
Date of publication: 18/09/2019
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FTE - Second Level controller RISQ/CTL

Contractor / Temp   |   London - Great Britain   |   Risks