Counterparty Credit Risk Officer-

3 months ago

London, United Kingdom Société Générale Full time

**Responsibilities**:
**Description of the Business Line or Department**_ _

OUR CULTURE

At Société Générale, 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, to maximize our ability to serve client needs and anticipate market changes. Société Générale 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.

DIVERSITY, EQUITY & INCLUSION

Our Diversity, Equity & Inclusion Mission: recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our Diversity, Equity & Inclusion Vision:
Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate.

Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents.

Engage our community and marketplace and position the organization to meet the needs of all its clients.

RISK DIVISION (RISQ)

Risk Management in the UK is organised along a three lines of defence model with well-defined and segregated responsibilities aligned with the Group framework as well as applicable local regulatory requirements and guidance. RISQ is part of the 2nd line of defence and aims to independently analyse, challenge, opine on and monitor the risk-taking activities of the Business Lines thereby enabling effective execution of the Bank’s strategy in line with its risk appetite.

Within RISQ Department, RISQ/RMA/CRM team plays a central role for LoD2 Counterparty Credit Risk (CCR) management transversally across all types of counterparties, all metrics and activities, leveraging functionally on the whole community within RISQ/RMA department working on counterparty credit risk management and in conjunction with other departments (in particular counterparty Risk Cells and PCRUs, including RISQ CIB, RISQ RMA HPC, MARK, GLBA, GBSU).

**Summary of the key purposes of the role**

The incumbent will work within the London CRM team to manage UK (SGLB and SGIL) counterparty credit risks and work to develop the Risk GBR CCR framework, including contribution to relevant local Risk GBR projects and reporting requirements as agreed/assigned.

The key team main missions are:
to structure and implement the functional set up and governance required for an effective transversal CCR management in the UK (including SGIL and SGPM).

to initiate or conduct pro-active coordination ad hoc CCR requests notably with RISQ/RMA teams and RISQ

to sponsor or contribute to corresponding transformation projects and models evolution.

to design and coordinate corresponding UK CCR policies and procedures as well as periodic reviews.

to ensure close oversight of counterparty credit risk exposure within the UK.

to oversee the development and regular reporting of credit risk dashboards to the SGLB Risk Management Committee and SGIL Risk and Control Committee.

to contribute the ICAAP for the credit risk sections.

to identify Emerging risks.

to ensure efficient Default Management Process.

to ensure that counterparty credit risk issues are well considered in the daily conduct of business and in the development of new products or activities.

to engage with business lines to develop and maintain the credit risk components of the Risk Appetite Framework and Risk Appetite Statement of SGLB/SGIL.

**Summary of responsibilities**

The counterparty credit risk officer supports the RISQ/RMA/CRM UK team:
Monitoring of the UK counterparty credit risk portfolio through regular and ad hoc reviews, production of management information for the various committees and reports in RISQ governance.

Delivering the RISQ UK roadmap in collaboration with the wider RISQ department.

Daily follow up of counterparty credit risk in collaboration with LOD1 and expert RISQ teams.

Support local CROs with regards to the credit workflow process for deals booked and originated locally.

Contributing to cross risk typology topics in collaboration with the rest of the UK RISQ team (Risk Management Framework Risk Appetite, Risk identification, Capital assessments, New Product Committees etc).

Coordination with head office RISQ teams to ensure UK benefits from global CCR projects and contributes to SG CCR transformation projects.

Ensuring alignment with regulatory CCR requirements and best practices (both local and global) including surveillance and review of updates of applicable regulatory changes/updates.

Assist with the definition and implementation of KPIs &KRIs and associated monitoring and reporting for proper escalation and information to management.

Participate in local model reviews with regards to CCR, including

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