Operational Risk Management Specialist
23 hours ago
Societe Generale Global Solution Centre is seeking an experienced Risk Governance Expert to join our team in the Wholesale Business unit.
About the RoleThis role will support the implementation of changes to our operational risk management framework and ensure excellence in delivery of missions under supervision. The successful candidate will strive to meet efficiency and compliance with our operational risk management systems and ensure validation of risk standards and exceptions.
The role also involves assessing impact on third-party frameworks considering organizational changes, activities, IT systems, or new products. Additionally, the candidate will review significant business incidents with an independent challenge of root cause analysis, action plan, and loss evaluation.
Key Responsibilities- Support the implementation of changes to the BU/SU's operational risk management framework.
- Responsible for excellence in delivery of the missions under supervision - primarily understanding requirements and expectations, regular communication, adequate quality reviews, and adequacy of the service provided to onshore partners.
- Strive to meet the efficiency and compliance of the BU/SU's operational risk management systems.
- Ensure the validation of risk standards and standards applied by BUs/SUs and the requested exceptions.
- Support the assessment of impact on third-party framework considering the organizational changes, activities, IT systems, or new products.
- Review of significant business incidents with an independent challenge of the root cause analysis, action plan, and loss evaluation and prepare the RISQ/NFR Incident Memo.
- Steering/participating in the internal and business stakeholder governance meetings.
- Assisting RISQ/NFR UK in preparing/contributing to various risk committee information packs.
- Support the RISQ NFR to drive their initiatives of Risk Management and General Management with a vision, analysis, and opinions on the risks of BU/SU's and their control.
- 8-12 years of experience in Audit or Second Line of Defense (LOD2) or Operational Risk.
- A good knowledge of the overall operational risk framework, such as: TPRM (third-party risk management); Internal incidents investigation and management; RCSA; scenario assessment including stressing testing; operational resilience; Fraud risks; risk acceptance; NPC (new product oversight), Risk issue management, and KRIs (key risk indicators).
- Experience in developing and documenting governance processes supporting operational risk frameworks.
- Experience in conducting risk reviews on business activities or a thematic topic related to business risk independently.
- Good understanding of Wholesale BUs/SUs, the inherent risks they generate, and best practice control frameworks.
- Solid understanding of the various Business and Support Units operating in a Financial Institution.
- Strong knowledge of risk management, specifically on operational risks and good knowledge of business risks, related to market activities (FO, MO, and BO).
- A good knowledge including Credit, Market, and Counterparty Credit, Model, Liquidity, and Structural risks will be a plus.
- Good knowledge of Microsoft Office skills primarily Word/PPT/Excel.
- Knowledge and user experience of Power BI will be a plus.
- Knowledge of IS/IT will be a plus.
- Knowledge of UK/EU regulations (e.g., EMIR, MiFIDII etc.) will be a plus.
We offer a competitive salary of €80,000 - €110,000 per annum, depending on experience, plus a comprehensive benefits package including health insurance, pension scheme, and annual leave.
How to ApplyIf you are a motivated and experienced professional looking for a new challenge, please submit your application, including your CV and cover letter, to us.
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