Job Summary:
Main Responsibilities:
1. Oversee the development and implementation of a risk management framework that is commensurate with the structure, risk profile, complexity, activities and size of SGSI and consistent with the Group risk management policies and the Group Risk Management Framework defined by RISQ head office/regional office, namely : provide oversight, support, and challenge to the activities across all applicable lines of business and risk; support the first line of defense in maintaining the company’s risk profile in line with the Risk Appetite Statement and determining and implementing risk mitigation strategies.
2. Coordinate the relevant teams locally to provide:
3. Ensure adequate set up, ie a risk organization where the teams are able to integrate with the functional expert teams in Regional Office, information systems and access to internal and external information necessary for the performance of their duties.
4. to meet with regulatory mandate on CRO as defined by regulator under Qualified Securities Broker (QSB) or from time to time mandated by the regulator, and interact with the various regulators as the case may be (e.g., SEBI, Exchange)
5. Contribute to effective governance: play an active role in SGSI and Group/Regional (if applicable) committees, offering constructive challenge, helping governance bodies to fulfil their roles and responsibilities. Where the CRO acts as a Chair of a governance committee, ensure the committee is effective in all aspects of its role. Facilitate and encourage informed and constructive debate on key issues and ensure that members receive relevant management information in an accurate, timely and clear form.
6. Provide essential input as a Senior Manager and credibly challenge the management of current risks and issues. Developing, managing and refining qualitative and quantitative risk reporting which meets the needs of the Senior stakeholders and relevant Boards of Directors/Committees to support effective decision making.
7. Monitoring and analyzing overall risk exposures of the business, including measuring all losses that the businesses would experience under a variety of normal and extreme market conditions.
8. Ensure that appropriate policies and procedures are in place to monitor limits.
9. Engage in regular reporting to the Risk Management Committees including second line review of relevant risk appetite statements, risk profiles, emerging risks, significant financial and non-financial risk exposures, policies and practices, deep dive risk reviews as applicable.
10. Alert management including escalation to his/her reporting line in RISQ Regional office, India Entity General Management immediately of any significant changes to business risks and internal control effectiveness or on discovery of any material regulatory breach.
11. Identify emerging risks within India. Continue to build out risk capabilities as regulatory landscape evolves harvesting, analyzing and assessing risk information across the Entity.
12. Develop processes to address audit and regulatory findings quickly and effectively.
13. Continue to build out and to increase level of expertise in key areas and developing internal talent to secure succession planning. Build a culture of accountability at the individual and team level. Contributes to disseminate a risk culture.
14. From a Line of Defense (LOD) 2 perspective, this position would oversee the management of the following risk categories-:
15. Credit Risk
16. Market Risk and Counterparty Risk:
17. Operational Risk:
18. Liquidity and Structural Risk:
19. Environmental and Social Risk:
Academic Background (degree and major):
Relevant Working Experience in number of years: 12+ years of related professional experience in a leading financial services firm in the areas of finance, risk, legal or government/public affairs, or in a related trade association or regulatory agency, or experience in a related field are required.
Skills & Competencies required:
Language Skills: Good command of English is mandatory (written and spoken), knowledge of Hindi, are desirable.
Societe Generale Securities India Pvt. Ltd. (SGSI) is the stock-broking arm of Societe Generale Group (SG Group) and was one of the earliest foreign brokers to enter India. SGSI started with a representative office in 1994 and established a full-fledged presence by 1995.
SGSI is a Securities and Exchange Board of India (SEBI) registered Stock Broker with Trading and Clearing Membership and obtained membership of Stock Exchanges (National Stock Exchange, Bombay Stock Exchange and Metropolitan Stock Exchange) to provide services in various segments (Cash Equities, F&O, Currency & Debt) of Stock Exchange. The Company has been active in the Stock Market since 1997.
SGSI is managed by a team of professionals /specialists in the broking business. The Company has a dedicated team of specialist dealers & traders to cater to the needs of institutional clients.
The Company has established itself as a premium player in the institutional segment where quality service and best technology combined with best possible execution and clearing services. The Company aims to specialize and develop capabilities in providing best quality execution and clearing services to its clients.
Societe Generale is an equal opportunities employer and believes that a diverse and inclusive workforce should be encouraged and recognized.
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.
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