Head of Credit Assessment Group – SG Americas

Permanent contract|New York|Risks

Head of Credit Assessment Group – SG Americas

New York, United States Permanent contract Risks

Responsibilities

The Head of the Credit Assessment Group (“CAG”) is responsible for overseeing all credit risks undertaken in the SG Americas perimeter. The universe of clients / transactions covered includes: Large Corporates, Financial Institutions (Banks, Brokers, Insurance Companies, Regulated Funds – Hedge Funds are out of scope) and Specialized Lending, originated or booked in the Americas (mainly in the US).

The role is actively involved in setting the risk appetite for the institution, setting appropriate standards for the approval and management of credit risk, and is responsible for overseeing credit risk in the context of a unified risk management framework.  The position is responsible for the day-to-day management of the CAG team, which is charged with analyzing all requests from the Coverage & Investment Banking (CORI), Global Finance (GLFI) and Markets Divisions within SG to ensure a consistent approach that is within established guidelines, credit risk norms and risk appetite.

In addition, s/he is responsible to ensure alignment of Societe Generale's Americas Operations with the global strategy of Société Générale. S/he reports to the Head of Credit Risk.            

S/he is a member of the Credit Risk Committee, Default Management Committee and Enterprise Risk Committee, as well as various sectoral committees including ABP, Energy, Leveraged Lending, Metals & Mining, and Real Estate.

Specific responsibilities include but are not limited to:

  • Ensuring that credit risks taken by the Bank are properly assessed, measured and managed.

  • Understanding / identifying new emerging risks.

  • Overseeing the credit risk function and managing all related regional governance, including the management of updated policies and procedures and standards to ensure compliance with SG's US policies, practices and regulatory requirements.

  • Coordinating CAG’s deal flow, including the proactive anticipation, prioritization, allocation and management of credit files / 1LOD requests submitted to RISQ management for approval including RISQ/CIB/DIR, the US CRO, RISQ/DIR and DGLE.

  • Managing the allocation of resources within CAG, while maintaining a balanced and appropriate workload for each risk officer based on his/her experience and skill set.

  • Managing all resources, timelines and deliveries appropriately.

  • Maintaining a high level of quality with the RISQ opinions approved under delegation and for files presented to senior management of the Bank.

  • Assessing and implementing business strategy in line with SG Americas’ overall strategy, including participating in the definition of the appropriate risk appetite through participation in key committees and the RiskCo / CORISQ process by which limits and guidelines are set for specific activities.

  • Developing an understanding of each department's role within the Bank, staying abreast of their evolving origination strategy and their needs, and encouraging cooperation and synergies in order to be efficient and remain competitive.

  • Building and nurturing strong relationships and frequent communication with business line management across the organization, both locally and globally, as well as external counterparts, regulators, internal audit, and relevant industry counterparts and organizations.

  • Overseeing CAG participation in the New Products Committee to understand new business initiatives and ensure all necessary governance is in place.

  • Understanding and communicating the interrelationship of credit risk with other key areas within the RISQ functions, specifically liquidity, market and reputational risks.  Coordinating with internal RISQ functions to provide a unified RISQ point of view when required.

  • Participating in various remediation and other projects to enhance governance and comply with evolving regulatory requirements.

  • Improving CAG’s operating model through automation, use of new IT systems and tools, constant improvement of data quality; promoting innovation in cooperation with IT, Data Management Office, Operations, and KYC.

  • Constantly optimizing processes and adapting CAG to new business developments, new regulatory requirements or market evolutions ; being an agent of change. Setting the tone from the top, leading by example and ensuring that SGUS Operations are run ethically and in line with Culture & Conduct expectations.

  • Promoting performance while contributing to the maintenance of a good team spirit and a pleasant working environment within CAG.

  • Encouraging a strong risk culture by following and enforcing the Institution's approach to risk management, as outlined in the SGUS Operations Enterprise Risk Management Framework.

Profile required

Technical Competencies/Expertise:

  • Must have a strong ability to manage multiple projects and issues simultaneously.

  • Broad knowledge of all risks impacting the Bank with a specific expertise in credit risk.

  • Must have good knowledge of the US Market and regulatory practices.

  • Strong collaboration skills required both across the risk division and with other partners such as business lines, legal and compliance teams.

  • Must have strong analytical and solid judgment skills with a proven ability to understand complex transactions.

  • Results focused, responsive, with strong strategic capabilities in terms of decision making and risk assessment.

  • Promoter of innovation and creativity.

Qualifications:

  • 15+ years with management experience within financial services, specifically a broad background in corporate finance.

  • Deep knowledge of credit risk and regulatory compliance.

  • Proven change and crisis management abilities.

Supervision Duties:

The Head of Credit Assessment directly manages 5 team leaders and has overall responsibility for approximately 14 professionals based in New York.  S/he has indirect management responsibility for certain projects overseen by the local Portfolio Management / Governance (PMG) team, specifically with respect to regulatory reporting and stress testing. 

Business insight

The RISQ Division's mission is to contribute to the development of the SG Group's activity by facilitating the objectives of the Business Lines while maintaining independent oversight through risk evaluation and monitoring. 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.

#LI-Hybrid

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: 22000M0T
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2022/09/12
Publication date: 2022/07/19
Share