Responsibilities
ABOUT THE DEPARTMENT:
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 Second Level Testing team (RISQ/CTL) is responsible for executing risk-based independent testing of controls established to manage and mitigate operational risk and regulatory risk associated with those regulations applicable to the Risk function. Reviews are completed and, where deficiencies are identified, corrective actions plans are defined and developed to remediate them using the Root Cause Taxonomy. The frequency of coverage and focus of reviews is informed by the Risk and Control Self-Assessment (RCSA) and Regulatory Risk Assessment processes and qualitative input from Senior Risk Officers.
The Risk & Control Program Testing Head will be responsible for leading Monitoring and Testing coverage for the Firm’s Risk Management control framework and the associated relationships with senior leadership.
What will be your DAY-TO-DAY?
You will be responsible for leading coverage of the firms RISQ activities and managing the associated relationships with senior leadership within that function. You will be leading the execution of testing reviews as part of the Annual RISQ Testing risk-based testing plan.
Your specific responsibilities include:
- Coverage of the Risk Management Program and overseeing various areas of risk management such as operational risk, fraud, third-party risk management, HR processes, and trade booking and settlement activities
- Gather information to comprehend processes, risks, and controls for testing
- Document review work with sufficient detail for third-party understanding
- Identify issues through testing and ensure appropriate action plans are developed
- Develop final testing reports to communicate results to stakeholders
- Validate completion of action plans by business within agreed-upon timelines
- Engage regularly with key stakeholders and provide feedback as part of the Annual Control Plan
- Support testers during fieldwork and interactions with business stakeholders
- Manage relationships with senior leaders within risk management and business units
- Coordinate with central risk management team for annual planning and review
- Facilitate results reporting to local and global senior management
- Coordinate with internal audit for review planning and information sharing
- Escalate issues as necessary to ensure timely resolution and completion of corrective action plans
Profile required
Skills and Qualifications:
Must Have:
- 4 to 7 years’ experience in financial services, focusing on operational risk testing or audit
- B.A or B.S degree required
- Inquisitive with strong attention to detail
- Ability to work independently and communicate effectively across all organizational levels
- Proficiency in corporate and investment banking, broker-dealer, and futures commission merchant risks and regulations
- Capable of relating laws and regulations to business activities to identify key risks areas
- Strong analytical, problem-solving, and organizational skills for managing multiple ad-hoc requests
- Ability to prioritize and thrive in a dynamic, deadline-focused environment
Nice to Have:
- Securities licenses a plus
Languages: French, English
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 of the two genders is used alone in this display, it designates persons of all gender identities.