Day to Day Responsibilities The Americas Permanent Control Coordinator ("PC Coordinator") contributes to the Permanent Control ("PC") Coordination of Level 1 and Level 2 controls for the Americas with the goal to provide a consistent and exhaustive view of the PC setup and of its results across the organization on a continuous basis. The results and findings are presented to the US Executive Committee to provide senior management with the necessary information to monitor risk and steer remedial actions for the region.
The PC Coordinator is responsible for ensuring that the Americas Business Unit is compliant with the SG Group Permanent Control framework and norms as well as with locally applicable norms and supervisory expectations., He/she is also responsible for producing and presenting to the PC governance a consolidated dashboard/report aggregating the 1 st and 2 nd levels of control (including results and follow-ups on related action plans) across all Business Units (Global Markets - MARK, Global Finance - GLFI, Coverage and Investment Banking -CORI, ...) as well as Support Units (Business Continuity, Corporate Real Estate services, Finance, Information Technology, Operations, Compliance, Legal, Human Resources, ...). Roles and responsibilities are laid out as follows:
The PC Coordinator is the first point of contact for the US Executive Committee and its members for anything related to Permanent Control in the region or at SG Group level.
The PC Coordinator is the first point of contact for SG Group General Management division in charge of PC (DGLE/CCI) for any points related to the PC setup in the Americas.
The PC Coordinator is the first point of contact for SG's 3 rd line of defense, as well as for auditors, regulators and supervisors, for anything related to Permanent Control in the region.
The PC Coordinator prepares and chairs the monthly Permanent Control Operational Committee with attendance from representatives from all Business and Support Units in all covered countries and ensures it is properly documented.
The PC Coordinator prepares the quarterly Control Committee and presents results, findings and recommendations to the senior audience with the objective to provide them with the necessary information to monitor and steer risk mitigations.
The PC Coordinator prepares the annual GICCC (Group Internal Control Coordination Committee) and assists the CEO prior and/or during the committee to provide SG Group General Management with an accurate status of the PC setup for the region.
The PC Coordinator monitors the budget dedicated to the PC framework for the Americas in the 2 lines of defense (Level 1 controllers in all Business and Support Units and all Level Controllers in the 2 nd line of defense).
The PC Coordinator acts as an agent to challenge, support or escalate any planned budget change and provides senior management with recommendations for the right sizing of the teams.
Permanent Control framework
The PC Coordinator provides assistance to operational managers in all Business and Support Units regarding the design of Level 1 controls and provides support in the definition of the most appropriate forms of control to maintain risk at the accepted level.
The PC Coordinator ensures alignment of methodologies between all Level 2 control teams and SG Group standards/methodologies.
The PC Coordinator promotes structuring principles (Group and local) as well as best practices related to the 1 st and 2 nd level of control framework, in line with globally and locally applicable regulations and supervisory expectations.
The PC Coordinator drives awareness campaigns among employees and managers on the performance of controls when necessary.
The PC Coordinator ensures the alignment of SG America's Permanent Control framework and Enterprise Risk Management framework.
Activities x Processes x Risks x Controls approach
The PC Coordinator owns one of the key components of the PC setup: the matrix "Activities x Processes x Risks x Controls" for Americas (implementation and maintenance), which is critical to the identification of risks relevant to activities and processes in place in the Americas.
The PC Coordinator monitors the deployment of standard and specific controls in the region, as defined by this approach.
The PC Coordinator produces dashboards and analysis regarding the results of Level 1 and Level 2 controls on a quarterly basis.
The PC Coordinator puts in place mechanisms to check the existence of corrective measures for anomalies and to ensure that action plans related to Level 1 and Level 2 controls are implemented. The PC Coordinator periodically reports on the progress of action plans to the US Executive Committee as well as Business and Support Unit management.
The PC Coordinator collects all information necessary to prepare reports required to be provided to SG Group management on the PC setup in the region on a quarterly basis.
The PC Coordinator collects and consolidates the inventory of staff and budget allocated to risk management, compliance and permanent control and prepares reports required to be provided to SG group management on an annual basis.
Training and Change Management
The PC Coordinator, with the assistance of Human Resources, oversees the implementation and deployment of trainings to reinforce the expertise, culture and awareness of the PC framework and practices.
The PC Coordinator drives change management around the PC setup whenever necessary (project delivery, evolution of the framework, SG Group norms and standards updates...).
All our positions are open to people with disabilities
Strong presentation and excellent oral / written communication skills
Effective interpersonal and influencing skills
Ability to challenge constructively and to interact at all levels of the organization
Technical Skills & Knowledge:
Strong knowledge in operational risk management, including methodologies utilized to identify, monitor and measure such risks.
Strong understanding of trading and financing activities from both a front- and back-office perspective, in order to properly assess risk within the related processes.
8+ years in the investment banking industry, preferably in a risk or compliance environment
Bachelor's degree, Master's preferred
Risk Management Employees should understand the institution's approach to risk management and their respective roles in supporting a strong risk culture, as outlined in the SGUS Operations Enterprise Risk Management Framework.
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.
Business Insight The RISQ Division's 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 RISQ Division in the US supports all the activities in the Americas Region (US, Canada and Latin America), which are almost exclusively corporate and investment banking-oriented. Within the RISQ Division, the Enterprise Risk Management department has the following remit, across all risk types to which SG's US operations (SGUS) are exposed:
Coordinate risk analysis reporting to risk committees, including SG's Enterprise Risk Committee, Executive Committee's Risk Committee, and SG's Board of Directors Risk Committee;
Establish, and monitor adherence to, Risk Appetite Statements for SGUS and its business lines;
Coordinate and enhance SGUS's risk identification and assessment framework, and conduct periodic risk identification and assessment campaigns;
Coordinate and enhance SGUS's stress testing framework, and conduct periodic stress testing exercises;
Coordinate the Permanent Control framework in SG's Americas region (this function);
Organize and monitor SGUS's risk management framework, risk committees, and roles and responsibilities for all lines of defense;
Oversee SGUS's policies and procedures; and
Contribute to the development and usage of a "Governance, Risk and Compliance" information system architecture across SGUS.
Job code: 19000CW4 Business unit: SG CIB Starting date: Immediate Date of publication: 01/07/2019
Internal Number: 6116226
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