INTERNSHIP - Operational Risk Management

 New York, United States       Internship        Risks

Responsibilities



Within the RISQ Division, the Operational Risk (“RISQ/AME/OPE”) department has the primary responsibility as the Second Line of Defense (“2LOD”) for developing, enforcing and overseeing the Operational Risk Framework based on SG Group, Regulator and peer best practices. The mission is to manage the operational risks and permanent control frameworks to which SG’s Americas operations (SG AMER) are exposed.


Key principles include:


  • Clarifying the roles and accountabilities for Operational Risk specific programs cascaded from the US Exco Management to the First Line of Defense (“1LOD”), individual employees and Risk Management teams

  • Ensuring regulatory requirements are met while providing maximum business value and efficiency

  • Establishing and providing independent operational risk oversight of 1LOD owned operational risk responsibilities

  • Providing guidance and advice to the lines of business on a day-to-day basis to pre-emptively identify, manage and mitigate operational risk throughout SG AMER

  • Evaluating and escalating critical and emerging risks across the firm and to the Group level organization, and ensure proper controls are implemented

  • Aggregating risks and information across SG AMER; ensuring escalation of non-compliance of risk limits and standards through SG AMER governance and reporting structure


Monitoring, Control & Reporting (MCR)


The MCR team within RISQ/AME/OPE ensures that the processes and governance around operational risk (i.e. Operational Risk Event Collection/Reporting, Risk and Control Self-Assessment, etc.) respect the group policies and norms.  MCR consolidates, analyzes and escalates the operational risk reported by the various lines of defense to provide management with an executive view of the risk through governing committees or day to day interaction.  Specifically,


  • Define and oversee the data collection process for the operational risk framework

  • Produce operational risk indicators

  • Produce the consolidated analyzes to the SG AMER governance bodies

  • Maintain and develop the Operational Risk framework

  • Coordinates project management support for OPE projects


 


 


MAIN ACCOUNTABILITIES


Day to day responsibilities include but not limited to:


  • Assist with administration and coordination of the Operational Risk Committee

  • Assist with Incident Management Reporting and follow-up

  • Review key risk indicator results and perform trend analysis

  • Draft meeting minutes and maintain up to date governance and procedural documentation

  • Assist with the project management of the Operational Risk team’s project portfolio  

  • Assist with overall governance framework

  • Participate in projects

  • Handle ad hoc requests


 


COMPETENCIES


  • Enthusiastic team member with a proactive approach to assignments


  • Ability to work in a small team setting

  • Analytical and results oriented


  • Self-starter with excellent organizational and effective communication skills

  • Strong level of autonomy

  • Strong attention to detail



Profile Required

TECHNICAL SKILLS

  • Microsoft Office Suite – Intermediate to advance skills in Excel, Word and PowerPoint

EDUCATION

  • College Degree obtained or in progress with major related to Finance/Banking.

LANGUAGE

  • Required:   English, French would be a plus.

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-orientated.


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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000AC7
Business unit: SG Americas Securities
Starting date: Immediate
Date of publication: 02/06/2020
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INTERNSHIP - Operational Risk Management

Internship   |   New York   |   Risks