Operational risk manager
8d ago


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Description of the Business Line or Department -

The SGIL Operational Risk function provides a Second Line of Defence (2LOD) oversight of the Operational Risk Framework (ORMF) to ensure it is appropriately embedded within SGIL’s business activities, management processes and governance structures.

It forms an integral element of the overall SGIL RISQ department in helping to provide a holistic oversight and challenge to the business in effectively managing risk within the SGIL and within the approved Risk Appetite.

The function is independent of direct business line responsibilities, so that it can provide an objective and unconflicted view on the identification and management of operational risk within the business.

The SGIL RISQ function is headed by the SGIL Chief Risk Officer (CRO) who has reporting lines to the SGIL CEO, the Chair of the Board Risk Committee and the SG Group RISQ function within Paris.

This role will give the incumbent direct working exposure to SGIL senior management, as well as to all teams within support functions and front offices in 1LOD.

They will also work closely with the other risk and control functions, such as Audit and Compliance.

The job requires a high level of autonomy, strong analytical, writing and presentation skills, data analysis and strong interpersonal and coordination skills to interact with numerous persons in various departments on a regular basis.

Summary of the key purposes of the role -

  • Support the provision of 2LOD oversight and challenge on the identification and management of operational risk within the SGIL business activities, in line with SGIL and SG group policies and procedures;
  • and SGIL’s Risk Appetite Statement.

  • Support the agenda and content of the SGIL entity Governance structure and reporting processes, as required.
  • Support the coordination and compilation of the SGIL Risk & Control Committee pack and Board Risk Committee reporting.
  • Analyse, document and present upon key operational risk issues and matters.
  • Identify risk trends and emerging risks through the collation, analysis and reporting on risk data.
  • Perform control testing of the design and operation of key operational controls to provide confidence in the effectiveness of the SGIL risk framework.
  • Perform risk reviews and investigations, as required.
  • Effective communication and liaison with senior management and key stakeholders, including Board Members and SG Group management.
  • Summary of responsibilities -

    In fulfilling the role of the 2LOD within SGIL, the role shall be specifically responsible for :

  • Supporting the compilation of the SGIL Risk and Control Committee (RCC) pack in obtaining, reviewing and providing challenge to the various risk reporting and risk data from the business and support functions;
  • Support the compilation and presentation of Operational Risk analysis, reporting and presentations for the Board Risk Committee.
  • Conduct and present independent risk analysis on risk trends and emerging risks impacting SGIL
  • Assist in the coordination of the Operational Risk Scenario analysis process including : (i) preparing analysis of relevant external and internal events, (ii) schedule and lead scenario related meetings to identify and assess the potential scenarios, (iii) provide ongoing challenge to the business risk assessments, (iv) minute the meetings and update analysis templates.
  • Liaise with the business and ROCS / NCG upon risk reporting in relation to SGIL, specifically as it relates to errors and incidents, permanent supervision, risk assessment and emerging risks.
  • Ensure the prompt escalation of any ad-hoc risk or emerging issues to local and regional management and review the root cause analysis and mitigating actions.
  • Coordinate various transversal risk processes that impact SGIL and provide a consolidated analysis.
  • Conduct operational risk training, as required.
  • Perform risk reviews of significant risk issues, events and areas of concern.
  • Support the ownership of the SGIL Control Framework in ensuring it is maintained in a current condition by the business and ROCS / NCG and help review that assessments are performed according to guidance and procedures.
  • Perform the testing of controls within the business to ensure they are performed, as designed to mitigate the related risk
  • Support and deputise for the SGIL CRO and Head of Operational Risk, as required.
  • Level of Autonomy and Authority -

    A key element of the role is to assist the SGIL CRO in fulfilling his key duties and responsibilities for providing oversight and support to the business in managing risk.

    Competencies -

  • Proven communication and coordination skills : the incumbent will have to interact with various levels of senior management on a constant basis, as well as the RISQ team and build key relationships.
  • As such, strong interpersonal skills are required. Moreover, the incumbent will cover a wide range of subjects (information technology, operations, front office, etc.

    and must be able to (i) properly use and interact with the subject matter experts from the business and the ROCS / NCG teams, and (ii) properly organize and present ideas in a concise and structured manner, both in writing and orally.

  • Ability to take initiatives
  • Ability to persuade
  • Expert knowledge of Microsoft Office (Excel, Word, PowerPoint)
  • Entrepreneurship skills
  • Ability to work under pressure, especially regarding the committees and regulatory deadlines
  • Proven teamwork skills

  • Familiarity with building presentations and identifying risk initiatives and mitigants, as required.
  • Experience with banking and securities industry products and processes.
  • Some experience of 3LOD roles and responsibilities
  • Developed communication and interpersonal skills and ability to influence on risk matters.

    Education : Degree level or equivalent professional qualifications.


    Languages : English, some familiarity with French useful

    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 Societe Generale, 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.

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