Employer: eFinancialCareers Salary: Date Added: 16/04/2024
Primary Responsibilities as a member of RISQ/OPE
• Assess operational risk management framework in London: IT, Information Security, and potentially other areas. Provide review/challenge to first line of defence on the management of these risks.
• Provide independent risk assessment on topics to senior Business and Service Unit management as well as RISQ’s management.
• Participate in and contribute to first line operational risk committees with risk analysis and challenge, and where appropriate escalate to legal entity level committees.
• Act as an advisor to the Business and Service Units on operational risks and associated processes, and propose solutions to address risks.
• Develop knowledge and advise on (market) best practices related to risk management.
• Take the lead on operational risk awareness and training sessions.
• Provide an opinion on exceptions to operational risk norms within risk appetite.
• Participate or coordinate with other second line teams and third line exercises as well as regulator requests on operational risk.
• Contribute to legal entity level risk management committees.
• Assist other RISQ OPE team members on their underlying areas of coverage in order to ensure back-up.
Profile required
Independent from the Business and Service Units, the RISQ Division is a second line of defence function whose mission is to contribute to the development of the SG Group’s activity by facilitating the objectives of the Business Lines while maintaining independent oversight through risk evaluation and monitoring.
The mission of the Operational Risk Second Line of Defence department (RISQ OPE) is to provide independent, objective and leading operational risk management challenge and oversight to assist the firm in maintaining an effective system of operational risk management.
RISQ OPE conducts oversight of the governance, risk and control frameworks, and tolerances of Operational Risk.
RISQ OPE provides proactive advice to help management to identify and measure key risks, and to evaluate controls in Business and Service Units. An objective is to ensure staff have appropriate awareness of the importance of operational risk management, which is based on the principle that "everyone is an operational risk manager".
RISQ OPE organises and tests the soundness and efficiency of the operational risk framework, especially with respect to governance, risk identification and mitigation.
The department based in London covers the SG London Branch and SG International Ltd (SGIL) entities.
The role is in SG London Branch but involves work across both UK entities. The role focuses on Information Security and Technology related risks, which are often cross-entity. There is also scope to oversee risks beyond these specific areas.
The Operational Risk Supervisor oversees the First Line of Defence’s management of its risks in the above areas. This involves assessing and providing independent opinion on operational risks that the firm is exposed to, and their management, including risk identification, the control framework, residual risk and remediation actions.
The Operational Risk Supervisor ensures that the processes and governance on operational risk implemented in SG London Branch and SGIL respect the SG Group policies and norms, and the SG UK minimum standards.
RISQ OPE carries out its mandate using a risk-based approach, endeavouring to anticipate risks, and it is holistic in its consideration of risks. Review and challenge is tailored to ensure maximum risk management added value to the firm.
In the context of the SG Leadership model, the Operational Risk Supervisor invests their time and skills towards team work, acting ethically and with courage, proposing new ideas and contributing to change management, and finally leading as an example through support to colleagues in RISQ and other functions.
Why join us
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 genderidentity.
Business insight
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.
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, 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: 240009CA Entity: Societe Generale London Branch Starting date: 2024/05/27
