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VIE Level 2 Control & Operational Risk Analyst - Risks - London, United Kingdom

Employer
SOCIETE GENERALE
Location
London, United Kingdom
Salary
Competitive
Closing date
Mar 8, 2024

View more

Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
This role is an Apprentice role, and we will sponsor relevant qualifications funded by the apprenticeship Levy. The role will sit within the Risk department and be split across the Risk & Compliance Monitoring and Operational Risk (Risk OPE) teams.

The Risk department's primary objective is to contribute to the strategy definition and to the sustainable development of Société Générale Kleinwort Hambros' activities and profitability. To that end, the Risk Management Function:

• Ensures that all risks are identified, assessed, analysed, measured, monitored, managed and properly reported by the concerned business lines in Group, providing a holistic view on all risks, while relying on the analyses produced by the Compliance function and the Group's expert transversal functions.

• Defines norms, standards and procedures linked to risk management framework and provides keys indicators and analysis for global risk monitoring.

• Manages the Group's risk appetite framework and implements the risk appetite monitoring framework in accordance with the missions assigned to each 2LoD by the Risk Appetite Framework.

To achieve its mandate, the Risk Management function relies on an organization allowing independence, oversight of the risk management function throughout the Group and promotion of a strong enterprise risk culture.

Level 2 Control

The Risk and Compliance Monitoring Team is a Second Line of Defence (LOD2) function responsible for assessing the adequacy and effectiveness of the arrangements that the business has put in place to facilitate compliance with their regulatory obligations and manage their operational risks.

Its activity is defined by the annual Compliance Monitoring Plan (CMP) and Control Plan which are based on the key risk themes identified during the Compliance Risk Assessment (CRA) process, and other risk indicators such as operational loss events and business unit risk and control assessments (RCSA). The plans include a combination of thematic reviews, validation testing, controls testing, and mandatory monitoring driven by specific regulatory requirements or internal undertakings.

Operational Risk

Working with other departments, the Operational Risk department is responsible for promoting a controlled operational risk environment, offering advice and challenge to departments on practices and processes to mitigate operational risks and ensuring all operational risk management information produced is analysed and escalated where appropriate to Senior Management and Head Office in Paris.

The Operational Risk department covers the whole of the SG Kleinwort Hambros group (KH). As a relatively small department, although staff will have lead roles in some areas of the department's responsibilities, staff are expected to be able to cover all of them when necessary.

Tasks and responsibilities:

Level 2 Control

• Apply analytical and data management skills to identify and prepare information for use in the execution of reviews by RCMOs.

• Undertake control design and execution assessments following the SG Group methodology under the supervision of an RCMO.

• Assist in the formalization of recommendations to improve the quality of the first level control framework.

• Monitor and report on the status of the team's open recommendations and alert the RCMOs to actions requiring attention.

• Assist in the regular reporting of management information of review status

• Collaborate with other areas of the Risk and Compliance function to build cross-team relationships, improve technical and business knowledge, and contribute to the strengthening of the risk and compliance framework.

Operational Risk

• Support the business in defining and reporting Key Risk Indicators.

• Review risk event register entries to ensure they are appropriate and that actions to correct and minimise recurrence are appropriate. Feedback and support the business units where this is not the case.

• Investigate and report on key operational risk issues within the business as appropriate.

• Supporting the business to devise and implement controls to mitigate the reoccurrence of risk events, where trends are identified.

• Providing suitable operational risk training to staff in KH.

Due to the VIE eligibility criteria, a questionnaire will be provided. Please make sure to answer all the questions for an efficient analysis of your application.

Profile required

PLEASE NOTE that since this program is primarily an international development program, candidates cannot apply to a VIE assignment in their own country of citizenship.

To facilitate the examination of your application by our English-speaking managers, we thank you for applying in English.

Studies & experience:

• Graduate with a Master's degree from a Business/Engineering School or University

• Knowledge of financial services including an understanding of some or all of the Financial Services activities performed by Kleinwort Hambros in the UK (banking, investment management, fiduciary, wealth management)

• An interest or experience in Information Security/Cyber Risks would be beneficial

Language skills:

• Fluent in English

Technical, operational & soft skills:

• Good written communication and presentation skills

• Proficient/Good command of MS Office

• Factual analysis and report writing skills

• Ability to assess and analyse information

• Desire to further develop the control environment (bringing new ideas) and promote operational risk awareness, thus ensuring the operational risk framework continues to be firmly embedded in the business

The VIE assignment in a nutshell

Visa TW-GAE

When applying for the visa, you will have to advance visa fees (less than £1 000) that will be reimbursed by Société Générale London after the beginning of the VIE.

To be eligible for this visa used for VIE, you will need to provide proof of the following:

- Graduated within the last 2 years

- English level with a certificate (IELTS - min 6/9 or TOEIC - min 605/990)

- Proof of support Funds (min £ 1 270)

The VIE assignment post Brexit

This VIE in London is to begin as soon as possible but you need to plan 3 months between your application date and the beginning of your VIE assignment. Bear in mind this visa process is new and could take from 6 to 12 weeks and delay the assignment start date.

The VIE will last 12 months. No VIE extension will be possible in the UK due to the visa, but it could be extended for a 2nd year in another country within the Group depending on opportunities.

The VIE is a specific contract, under Business France's eligibility criteria, opened to candidates under 28 and from the member states of the European Economic Space. For further information (including financial indemnities), please see Mon VIE-VIA Business France.

We would like to draw your attention to the fact there that your VIE mission could potentially get postponed, depending on the evolution of the health crisis and subjects to the decision made by the Crisis and Support Centre of the Ministry of Europe and Foreign Affairs (MEAE). In addition, the selected candidate will only be paid upon confirmation from Business France and arrival in the country of assignment.

Why join us

As soon as you arrive, you will be integrated into our teams and will learn every day alongside our experts, who will support you in your tasks. Gradually, you will become more independent in your projects, making this experience a real career accelerator. You will also discover all the diversity of our businesses, in a sector that is constantly evolving and innovating.

At the end of your VIE, various opportunities could be offered to you, in France and abroad.

Business insight

At Societe Generale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.
Whether you're joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.
If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

Still hesitating?
You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices, and sharing their skills with charities. There are many ways to get involved.

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: 240004YC
Entity: SG CIB
Starting date: 2024/06/03

Publication date: 2024/02/22

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