Operational Risk Auditor (Control Testing Officer)

Permanent contract|Montreal|Risks

Operational Risk Auditor (Control Testing Officer)

  • Montreal, Canada
  • Permanent contract
  • Risks

Responsibilities

The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques. The department’s mission is to independently analyze, assess, manage and monitor risk-taking activities with the objective of achieving, together with the first line-of-defense, the best possible outcome for the bank.  The department oversees the enterprise, strategic, credit, market, liquidity, operational, model, and other risks of the corporate and investment banking business activities.

 

ABOUT THE JOB:

The Control Assessment and Testing (CTL) group sits within Société Générale in the U.S. (“SGUS”) Compliance and RISQ and operates as part of the 2nd Line of Defense within a “Three Lines of Defense” model. CTL is a key component of the SGUS risk management program and provides risk-based independent testing of controls related to the management of compliance and operational risks across business lines, support units (i.e., compliance, information technology, operations, human resources, data office, etc.) and legal entities.

The primary objective of the CTL Testing team is to evaluate policies, procedures and internal controls to assess whether they are reasonably designed and in the case of transaction testing, that controls are working as intended to ensure SGUS activities comply with applicable Laws, Rules and Regulations

 

What will be your DAY-TO-DAY?

The candidate will be responsible for leading the execution of Testing reviews as part of the risk-based Annual Testing plan. Testing reviews aim at assessing and auditing the quality of the controls in place to comply with applicable regulatory requirements. The candidate will also act as the lead and primary point of contact for the execution of Testing Reviews over one business area in particular. Responsibilities will include:

·       Gathering information sufficient to understand the process, risks and controls to be tested

·       Developing the testing program and testing scripts for reviews

·       Documenting review work with enough detail that a third-party can reasonably understand the testing performed and the results of testing

·       Identifying issues through testing, ensuring that appropriate action plans are being developed by the business to correct the deficiencies noted

·       Developing final testing reports to document and formally communicate testing results to stakeholders

·       Validating that the business has completed the agreed upon action plans by the due date

·       Assisting the Testing Head with development of the annual risk based Testing Plan

·       Maintain regular engagement and provide feedback to key business and stakeholders

·       Act as a lead in developing and maintaining the relationship with the key stakeholders for one business area of the firm; be the primary point of contact for the execution of Monitoring and Testing reviews on this business area

Profile required

Skills and Qualifications:

Must Have:

·      8-10 years’ experience in the financial services firm

·      5-7 years’ experience in Internal or External Audit, or Control testing required

·      General knowledge of applicable regulatory requirements and expectations related to investment banking and broker–dealer activities General/Technical Skills (3 open ended skills)

·      Ability to communicate well across all levels of an organization

·      Knowledge of Banking, Broker-Dealer risks and regulations

·      Understand the business and applicability of regulations to identify key risk areas for the review and focus on the key areas for testing

·      Strong analytical, problem-solving and organizational skills (capable of handling multiple, simultaneous, and various ad-hoc requests)

·      Demonstrated history of taking initiative

·       Ability to prioritize and work in a dynamic, deadline-focused environment

LANGUAGE: 

Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States.

Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority ("FINRA")

Why join us

OUR BENEFITS:

WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALE

Competitive compensation & benefits offering, including but not limited to:

  • Minimum of 20 Vacation days + 4 personal days 
    • Supportive Maternity, paternity, parental and adoption leave policy 
    • Health spending ($2,000/year) and personal spending ($1,000/year) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.)

Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family

Various Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.

  • A culture of continuous development by encouraging our employees various training programs (online training and coaching platform such as Coursera, GoFluent, Pluralsight, First Finance, and others)

Business insight

OUR CULTURE: 
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.
For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I: 
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our Diversity & Inclusion Vision: 
•     Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
•     Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents 
•     Engage our community and marketplace, and position the organization to meet the needs of all its clients

For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)

HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

Societe Generale is an equal opportunity employer and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.
We strive to write our postings as inclusively as possible. If, however, one gender is used alone in this display, it designates persons of all gender identities.

Reference: 24000GO5
Entity: SG MONTREAL SOLUTION CENTER 2 INC.
Starting date: 2024/09/09
Publication date: 2024/06/25
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