Operational and Conduct Risk Trainee

Trainee|London|Corporate and Investment Banking

Operational and Conduct Risk Trainee

London, United Kingdom Trainee Corporate and Investment Banking

Responsibilities

Description of the Business Line or Department

The SGIL Chief Business Controls Office (CBCO) is coordinating the LoD1 teams to run the first line of defence (LoD1) framework for SGIL with regards to the non-financial controls and the upcoming changes for the entity.

The team is part of the MARK/NCG organisation which is the Operational Risk Department covering Market activities within the Wholesale division of SG Group

CBCO:

Coordinating the actions of MARK/NCG and ROCS and working closely with local and global LoD1 and LoD2 partners, the CBCO will:

 Lead and coordinate the control agenda covering operational and other non-financial risks in the first line of defence across SGIL,

 Ensure that the LoD1 design, set-up and monitoring of non-financial risks is fit for purpose for SGIL activities,

 Drive and support mitigation of the control issues and remediation efforts,

 Support SGIL senior management and governance committees in the fulfilment of their regulatory obligations.

MARK/NCG:

MARK/NCG team:

 ensures – as concerns non-financial risk matters – the management and the global consistency of Norms (policies, rules, procedures), Controls (1st line of defence, including FBK/Watch, permanent supervision and anti-fraud), Governance (definition of rules, design of controls, analysis of control results) and Processes and tools.

 Provides the necessary support to MARK to manage and mitigate their operational and conduct risks.

 Gives a comprehensive yet readable view of operational and conduct risks in MARK activities.

MARK/NCG is part of a wider 3-line of defence model:

 1st line of defence is composed of all MARK staff and especially MARK managers, who own and manage operational and conduct risks and are supported in this mission by dedicated teams in NCG.
And is completed by ROCS department who is dedicated to 1st line of defence for GBS support functions (such as OPER, MACC, ITEC) as well as on some transversal topics such as IT and cyber-security
Both under the coverage of the CBCO team.

 2nd line of defence is composed of Risk, Compliance and Finance, who oversee the overall operational risk management framework from different angles

 3rd line of defence is ensured by Internal Audit and Inspection, who perform independent and periodic reviews

Focus on the CBCO role

The Chief Business Controls Officer is part of the organisational structure supporting SGIL CAO.

The Chief Business Controls Officer is responsible for leading and coordinating the control agenda in the first line of defence across SGIL, covering operational and other non-financial risks. The Chief Controls Officer supports the maintenance of an effective control framework across every function with a transversal focus to complement the organisational structure.

 

The SGIL CBCO is the main entry point for all SGIL LoD1 on all operational and conduct risk topics (key operational risk processes such as RCSA or incidents management, anti-Fraud, information security, business continuity issues, essential services):

 First line of defence control framework:

o Design and improve the control framework. Monitor (through engagement with peers and in industry working groups) developments and trends related to control frameworks, assess their implications for the company and propose refinements and improvements to the existing control frameworks

o Be responsible for the execution within SGIL of the applicable control framework for operational and other non-financial risks, in close cooperation with ROCS and the operational risk managers in each Business/Service Unit

 Control issues and remediation

o Ensure the environment of controls is appropriate, identify gaps and address the weak areas

o Assisted by business partners and ROCS, identify, assess, record, mitigate and/or remediate operational or other non-financial risk and control issues

o Drive and/or support mitigation and remediation efforts and monitor progress to ensure issues are addressed on a timely basis

 Management Information and Reporting

o Provide SGIL senior management, governance committees, auditors and regulators with meaningful reporting on matters relating to the effectiveness of the first line of defence control framework and oversight mechanisms, supported by appropriate quantitative and qualitative data and metrics. This includes but is not limited to presentation of a monthly report to the SGIL Risk and Control Committee.

o Ensure and evidence that controls are operated in accordance with the control framework, internal policies and standards and regulatory requirements

 Stakeholder management

o Participate in all required governance and management meetings (including SGIL RCC, SGIL Operating Committee)

o Build and maintain effective relationships with senior management, COOs and the operational risk managers supporting each BU/SU in SGIL

 Culture

o Demonstrate and embody the SG Group Leadership Model in all professional and personal activities

o Promote accountability, responsibility and ongoing embedding of the control framework so that it is understood and followed in all first line of defence roles


Summary of the key purposes of the role

Main Mission:

Ø to assist the SGIL CBCO in on-going transformation and externalising projects to improve Operational Risk framework over the SGIL perimeter, focusing on

 streamlining of existing key processes within MARK/NCG and CCO/RCG teams in relation with the supervised LoD1,

 ensuring procedures are well defined and documented,

 tasks are externalised and running successfully.

 

Ø to assist the SGIL CBCO in acting as a contact point for all LoD1 team’s and their related Control teams’ queries relating to support and control, and helping to control and supervise activity, in particular:

 Risk culture for SGIL operational staff,

 Continuous assessment of risks,

 Deployment of appropriate controls,

 Timely and complete escalation, reporting, and follow up of incidents and resulting actions,

 The maintenance and reporting of effective Key Risk Indicators and other qualitative measures,

 Preparation of conduct and operational risk dashboards for committees.


Summary of responsibilities

To conduct the above, the main areas of focus will be:

  Assist SGIL CBCO with daily BAU/ Ad Hoc topics

  Monitor performance of permanent supervision controls in RACE, GPS and MORSE

  Assist in control transformation, documentation in the framework of externalising control performance (PCT and FCAO

  Operational Event review in T2eorem and ORE

  Participate in incident discussion meetings

  Participate in governance discussion meetings

  Participate in control framework discussion meetings

  Monitor action plans in Committees

  Assist in the aggregation of the SGIL Risk and Control Self Assessments (RCSA’s)

  Assist with business facilitation tasks

  Perform some permanent supervision controls


Level of Autonomy and Authority

Low to Medium degree of autonomy

Profile required

Competencies

Strong knowledge of Office tools and VBAs in particular

Good oral and written communication skills

Strong analytical skills, high attention to detail

Flexibility, adaptability, pro activity and ability to learn quickly

Ability to work both in the team and on individual assignments

Basic level of understanding of financial services industry; any additional technical knowledge of securities and derivatives products and instruments is very welcome but not mandatory


WORK EXPERIENCE

Previous internship or placements (as part of BA/MA course) in financial services industry

Any experience in working on projects or contributing to group initiatives


EDUCATION

First or Second BA or MA degrees in Business Management, Finance, Economics, Engineering, Mathematics or IT


LANGUAGES

English

French

Why join us

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.

Business insight

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 Société Générale, 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.

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.

Reference: 20000S5D
Entity: SG CIB
Starting date: 2021/02/15
Publication date: 2020/12/18
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