Risk COO

Permanent contract|London|Risks

Risk COO

London, United Kingdom Permanent contract Risks

Responsibilities

Description of the Business Line or Department

Societe Generale International Ltd (‘SGIL’) is a UK based MiFID Investment Firm authorised and regulated by the FCA and is designated as a LAF and significant IFPRU Firm under the FCA’s IFPRU.   SGIL is Societe Generale’s primary booking hub for listed execution, clearing and financing activities within Societe Generale Global Market and a fully owned subsidiary of Societe Generale.

The RISQ department within SGIL is composed of 4 functional teams:

  • Enterprise Risk Management: in charge of Risk Framework, Risk Appetite, ICAAP and the embedding of Risk Culture.
  • Counterparty Risk: in charge of risks on market activities, including Credit Counterparty Risk assessment, validation, portfolio analysis and reporting
  • Market risk:  in charge of risks on market activities, including Market, Model, and Liquidity / ALM risk
  • Operational Risk: in charge of operational risks, including supervision of outsourced risk processes and the CTL function

Summary of the key purposes of the role

The role of the SGIL RISQ COO will particularly focus on:

  • Monitoring of Credit and Market risk exposures;
  • Production of Management Information to support the CRO in his SMF4 responsibilities, along with the Risk Control and Board Risk Committees:
    • Ensure a smooth communicate with the Business lines and report any issue to the CRO
    • Report and contribute to the different risk committees;
    • Contribute to internal and regulatory reporting.
  • Oversee and manage all RISQ governance-related matters, including regulatory.
  • Oversee projects impacting SGIL RISQ team.

Summary of responsibilities

The main responsibilities of the role are:

  • Collect daily the various risk reports necessary to the monitoring of SGIL Activities:
    • Analyse these reports and produce synthetic analyses for her/his management
    • Alert SGIL Risk Management immediately in case of critical situation or missing reports
    • Produce the necessary risk synthesis for the risk packs to be presented to the Risk Control and Board Risk Committees, as well as any other ad hoc forum.
  • Contribute to the identification of the various risk faced by SGIL and to the definition of the metrics and reports needed to properly monitor those risks.
  • Assist the CRO in ensuring a proper risk governance of the Company. This will include, compiling the support document for the Board Risk Committees, preparing draft minutes.
  • Manage SGIL RISQ regulatory and internal audit matters: ensuring regulatory and internal audit requests are answered completely in a timely manner, preparing materials for regulatory visits.
  • Supervise the dedicated SGIL RISQ projects.
  • Monitor and update SGIL RISQ outsourcing process (CSLA).

Level of autonomy and authority

Although the SGIL COO will operate under the direct management of SGIL Chief Risk Officer and the UK COO, a high degree of autonomy is expected.

Profile required

Competencies

  • Autonomy and responsibility
  • Strategic view / ability to take a step back
  • Attention to detail
  • Rigorous
  • Broad understanding of risk management in a banking environment is required
  • Specialist risk knowledge in one or more areas a plus (credit, market, operational risk, liquidity, structural, model).
  • Team player; proactively shares information and collaborates with others
  • Capability to prioritize and organize
  • Minute taking

WORK EXPERIENCE

5 years of experience in Risk Management.

  • Experience in previous roles organizing, preparing and delivering MI and committee packs
  • Relevant industries: Banking, Prime Brokerage, Capital markets
  • Familiarity with building presentations and identifying risk initiatives
  • Developed communication and interpersonal skills and ability to influence on risk and organisational matters.

EDUCATION

Degree educated or equivalent professional qualifications.

LANGUAGES

Language requirements if applicable are as defined to support the role purpose and coverage areas. (English is the business language for SG).

  • Very good command of written and oral English
  • Some familiarity with French useful

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: 21000FCT
Entity: SG CIB
Starting date: 2021/07/12
Publication date: 2021/06/11
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