Trainee Operational Risk

3 weeks ago

London, United Kingdom Société Générale Full time

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

GBSU Risk & Production Management team (RPM), as part of LOD1, accompanies SG UK management in the development and transformation of its business whilst ensuring non-financial risks are appropriately identified and managed operationally, with a focus on:

- Transversal risks management (Business Continuity, Cyber, Third Party Risk Management, Production Oversight, IT Risk Management) for the UK wholesale platform;
- Operational Security Management (OSM) functions for GBSU UK in SGIL and SGLB (for IT, Operations, CLD, COO functions);
- LOD1 ad-hoc deliverables and project coordination (e.g. Operational Resilience) for the UK wholesale platform.
- On specific topics and at the request of UK Senior Management, RPM also ensures the coordination of specific LoD1 BAU topics relating to permanent control and operational risk management (on an ad-hoc or permanent basis), and also coordinates work on other ad-hoc deliverables (e.g. addressing regulatory requests for information).

In the UK for SGIL, LOD1 risk management and control functions are provided by RPM as a service under the governance of, and with accountability from, SGIL management.

In RPM, Governance, Risk and Controls (GRC) is primarily tasked with operational risk management topics for GBSU, notably:

- Assisting GBSU management and operational teams in the definition and the setup of their permanent control framework, supporting managers in ensuring that this framework is adequate and sufficient to address risk on the concerned perimeter;
- Day-to-day identification, investigation, response / remediation and reporting on key non-financial risks through appropriate channels (incl. op risk systems) and with escalation to relevant stakeholders (e.g. LOD2, senior management);
- Analysis, monitoring and reporting of the results of the managerial supervision controls to senior management and governance;
- Assist GBSU management in establishing relevant action plans addressing self-identified issues as well as LoD2 and LoD3 feedback regarding permanent controls, risk assessments, operational incidents management, etc.
- Co-ordination with other risk specialists across lines of defense (head-office GBSU LoD1 risk management team, other LoD1 teams in SG UK, LoD2 teams in RISQ, CPLE and DFIN ), to support the delivery of appropriate permanent controls measures in SGLB;
- Coordination of Risk and Control Self-Assessments (RCSA), mapping of Activities, Processes, Risks and Controls (MyAPRC), deployment of the Library of Normative Controls (LNC), and similar/related activities within GBSU;
- Preparing and facilitating GBSU’s reporting and oversight of risks - preparation of Operational & Conduct Risk committee (OCR), supporting GBSU’s input into SGLB’s own non-financial risk governance, supporting deep dives on GBSU-relevant risk topics, risk & controls related projects / transformation activities, scenario analysis exercises, and regulatory engagement.
- Supporting GBSU’s senior stakeholder to act in, and demonstrate, compliance with the requirements stemming from the Senior Management Regime in the UK, as well as Group requirements (e.g. Permanent Control Transformation related ones).
- Support operational risk management for the SGIL entity under the direction of SGIL’s CBCO (as a service provider, focusing on the forementioned topics).

In addition to the above, GRC will also provide a support and coordination on Permanent Control topics for SG UK (acting as “Permanent Control coordinators” for SGLB, and providing operational support to SGIL’s CBCO who remains the Permanent Control Coordinator for SGIL). GRC may also provide a targeted contribution on specific topics requiring coordination across RPM and/or SG UK Wholesale platform (e.g. ad-hoc initiatives stemming from the Senior Management Function regime requirements, Post-Brexit “Inbound Business” & cross-border requirements, regulatory-related developments requiring input from all BU/SUs).

Lastly, within the SGIL entity specifically, GRC operates a GBSU Business Control team, a function which supports the maintenance of an effective control framework across every operational, information systems, regulatory reporting and on-boarding activities with a transversal focus to complement the organisational structure. This team, along with the rest of GRC, support the SGIL Chief Business Control Officer for GBSU, responsible for leading and coordinating the risk and control agenda in the first line of defence across all SGIL GBSU perimeters, covering operational and other non-financial risks.

Geographical & Business coverage:

- GBSU
- SGLB and SGIL

**Summary of the key purposes of the role**
- Provide operational support to OSMs in the day-to-day management of OSM deliveries, focusing on GBSU’s identification, assessment, recording & mitigation of operational risk.
- Support the oversight and first level challe

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