Operational Risk Management

Societe Generale China
 China       Permanent contract        Risks


Responsible for tasks within the Operational Risk Management team including but not limiting to: 

 Manage operational risk events’ investigation and timely reporting with post-mortem review;

 Assisting process owners to establish quality operational controls and maintain adequate permanent supervision; 

 Review risk control self-assessments of business units and support functions and formalize the consolidated risk assessment for China management

 Support Business Continuity Management in SG China to ensure the business resilience.

 Support the regulatory reporting supervision committee to reinforce the report production quality and timely submission;

 Support the outsourcing service supervision committee to strengthen the vendor management and risk monitoring; 

 Produce KRI and Op-risk indicators, facilitate China local Operational Risk Committee meetings and action follow-up with local and regional stakeholders;

 Support the business strategic projects rolling out in China and ensure the adequate monitoring of the operational risks during the project delivery; 

 Maintain sound operational risk management risk culture mindset in SG China.

Main Responsibilities:

1. Manage operational risk events’ investigation and timely reporting according to op-risk guidelines

- Coordinate the Loss Event Reporting in the Operational Loss collection databases and ensure timely reporting with accurate data.
- Take the lead on incident investigation and ensure adequate remediation plans are defined and tracked to resolution. 

2. Perform Annual RCSA assessment for identified Business Units / Support Functions and support Regional (OSM's) to conduct interviews for RCSA that will be performed centrally. 

3. Act as local RCCN1 and ensure the proper implementation and monitoring of L1 permanent control framework

- Assist operational managers in the design of first level permanent controls by providing expertise to define the most appropriate forms of control to contain an accepted level of risk
- Monitor the PS performance and report to management on regular basis with GPS declaration and control rating
- Verify the existence of corrective measures in the event of anomalies, ensures that the action plans of L1C are in place and periodically reports on the progress of the action plans to management
- Supports and monitors transformations and changes within the BU/SU of the permanent control frameworks 

4. Subject matter expert (SME) on the Outsource Services (OS) Lifecycle supervisory for local entity

- Act as OS relay, coordinating the deployment of new framework on Outsourced Services as well as operational monitoring campaigns and assist local managers in complying with the required quarterly OS monitoring
- Acts as Risk Expert to assess outsourced services on 3 categories of risks " Execution Error"," Commercial Dispute" and "Fraud"

5. Business Continuity management

- As local BCM manager, assist BU/SU in devising effective recovery procedures and ensure implementation of agreed recovery strategy to ensure minimum disruption to business.
- Coordinates annual testing plan execution and crisis management exercise
- Coordinate local departments in the annual Business Impact Analysis in line with global templates and methodology

6. Organize and lead Operational Risks Committee, Outsourcing Committee, 3RC, Business Continuity Management Committee in line with terms of reference defined

7. Maintain sound operational risk management risk culture mindset in SG China through different approach, training, posters, communication letters.

- Define the required local and transversal training needs related to operational risk and control environment, including new joiner training and refresher trainings to all staff.
- Monitor and follow-up timely completion of mandatory e-Learning required from regulatory compliance, risk management or other control functions.
- Periodical communication on Operational Risk guidelines and best practices

8. Transversal

- Coordination and change management for the implementation of new operational risks systems and policies
- Co-ordinate with BU/SU OSM teams and regional/global RMO teams to support and contribute to regional /global/local transformation projects

Profile Required

Academic Background

 University/master’s degree in business or Banking / Finance, Economics or Risk Management
 Relevant professional qualification is desirable
 Risk & Control management or audit experience is preferred. 

Working Experience /Technical Skills & Know how

  + 8 years sound working experience in Op-risk management, Compliance & Regulatory watches, Internal Controls & Audit, Transversal process management related field within the financial industry or MNC.
 Knowledge in corporate and investment banking business, Equity derivatives brokerage business, Basel 2 regulatory framework and/or experience in Sarbanes Oxley implementation is an advantage
 Equipped knowledge of risk management models, common practice and overall risk management system is a plus

Skills & Competencies

 Risk management oriented and meticulous attention to details
 Good communication and time management skills
 Excellent project management and good organizational skill
 Self-starter and quick learner
 Proactive team work player with excellent interpersonal skills
 Familiar with regulations issued by regulators on banking industry 

Language Skills

 English: fluency is a must
 Chinese: fluent Mandarin speaking and Chinese writing skill is a must
 Others: French or Cantonese comprehension is of advantage

Computer Skill

 Good PC skills
 Advanced level skills in Microsoft Office Suite and strong interest in new technologies

Professional Qualification
  CRISC, BCMI are preferred, not required.

Business Insight

Societe Generale is one of the leading financial services groups in Europe. Based on a diversified and integrated banking model, the Group combines financial solidity and a strategy of sustainable growth.

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: 20000EOM
Business unit: Societe Generale China Limited
Starting date: 24/08/2020
Date of publication: 29/06/2020
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Operational Risk Management

Permanent contract   |   China   |   Risks