Head of Enterprise Risk Management

Employer
SOCIETE GENERALE
Location
London, United Kingdom
Salary
Negotiable
Posted
May 21, 2022
Closes
Jun 01, 2022
Ref
14994250
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description of the Business Line or Department

Department is RISQ/GBR. The role will have a direct reporting line to the UK Head of RISQ. The function will liaise with relevant Group functions within RISQ, in particular RISQ/ERM (Enterprise Risk Management).

Summary of the key purposes of the role

The scope of the ERM function includes, inter alia:
  • Definition and implementation of risk (including E&S) management transversal processes such as risk Identification, risk Appetite in line with Group guidelines, ICARA (Pillar 2 in particular), and ad hoc analysis and ad hoc Stress tests coordination;
  • Periodic synthetic view of the UK entities' (SGLB and SGIL) risk profile for internal (Group and UK Management) as well as external (Supervisors) parties.
  • Coordination of the regulatory watch for RISQ in the UK, assistance with the implementation of new regulations where needed.


In addition, RISQ/GBR/ERM function will participate in Group-level developments, liaising with other wholesale locations (Asia and AMER) and Group (RISQ/ERM).

Summary of responsibilities

Main responsibilities include:
  • Oversight of the design and functioning of Risk Management mechanisms: Risk Management Framework (RMF), Risk Appetite Framework/Statement (RAF/RAS), Risk identification and cartography, and others as necessary
  • Oversight of risk management governance mechanisms for SGLB and SGIL ( in collaboration with the SGIL CRO ) in line with regulatory expectations, industry best practice and SG Group governance principles (SG Code in particular)
  • Coordination of functions across all 3 lines of defence as necessary to effect risk aggregation, cross-risk analyses, emerging risk identification, regulatory risk identification.
  • Regulatory oversight: regulatory watch on Risk department topics (E&S risks, Operational Risk, Credit Risk and CCR, Market Risk...) ; analysis, synthesis and communication to the relevant stakeholders ; coordination and follow up of the regulatory changes' implementation where required; performing gap analysis between local and central regulations; participation to the UK regulatory watch and horizon scanning governance with other stakeholders
  • Coordination and oversight of the UK risk management dashboards
  • Oversight and coordination of risk assessments (for RISQ) in the context of the ICARA process (SGIL)
  • Oversight of the E&S risk management and framework development in line with Group guidelines (ESG by design) and UK regulatory requirements.


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
  • In-depth knowledge of SG's internal control framework (design, principles and organisation)

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