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Divisional Financial Officer - ALM Job Details
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| Divisional Financial Officer - ALM (Ref: ES 1590) | |
| Sector, Sub Sector: | Other |
| Compliance Type: | Regulatory/Compliance |
| Expertise: | - |
| Company: | Societe Generale |
| Location: | United States |
| Employment Type: | Permanent |
| Job Description: |
The Accounting and Finance division (ACFI) performs financial management, balance sheet management, management control, and accounting for Societe Generale Corporate and Investment Banking. ACFI is responsible for management and financial reporting for all entities supervised by SG CIB. DFO department role is to support and protect the activities of the Front Office business lines from a financial perspective. This includes ensuring the quality and accuracy of the reported results each month through the exercise of specific testing and other verification and control measures performed during the month and at month-end. RESPONSIBILITIES This candidate will report to the Head of Divisional Financial Officer. The position of Head of the Balance Sheet Management Unit is created in order to set up at the Regional level a robust monitoring of SGCIB compliance with local regulations in terms of ALM (Asset Liability Management), capital adequacy and prudential ratios. This new position does not supersede local teams which are still responsible for the submission of local regulatory returns and head-office reports. Core Responsibilities include: Promoting balance sheet management culture in the Region through the development of best practices, staff skills, tools and analytical capabilities in ALM, capital adequacy and capital management; Coordinating the production of SGCIB regulatory returns in the Region and providing Regional management with synthetic dashboards and indicators in order to monitor proactively our capital adequacy and compliance with local requirements as well to continuously strengthen our regulatory framework; Producing, controlling and analyzing Cooke/Basel II quarterly reports in line with Group norms; Coordinating liquidity and structural risks reporting to SGCIB head-offices with SGCIB entities in the Region; Monitoring prudential ratios of our local branch and subsidiaries in the Region and implementing early-warning procedures as well as appropriate processes to anticipate the impact of large trades or business developments on our prudential ratios and in the limit of our risk appetite; Structuring the Regional ALM operating model in line with Group norms including the replacement of capital or net head-office fund in the market and contributing to ALM awareness in the Region; Leading the development and maintenance of all model governance processes and documentations; Setting up a clear governance over balance sheet management processes with related parties (Compliance, Treasury, Group Finance, etc); Identifying areas for improvement relating to the balance sheet management framework (procedures, norms, IT architecture and organization) and coordinating corrective actions and improving initiatives and projects within ACFI, Resources and SGCIB; Assisting with various ALM projects as requested. TECHNICAL SKILLS Required/Must have: -10 to 12 years experience in a similar position in an corporate & investment bank including the management of ALM, regulatory reporting and capital adequacy projects; -Strong knowledge of ALM, Basel II and risk management requirements and best practices; Desired/Plus: -Knowledge of People Soft GL and Business Objects -Strong understanding of accounting policies and procedures for US GAAP (IAS GAAP is a plus). BUSINESS KNOWLEDGE Required/Must have: -Strong knowledge of corporate and investment bank activities and processes including front, middle, and back office operations. Desired/Plus: -CPA /CFA is a plus COMPETENCIES Required/Must have: -Strong ability to prioritize and work in a dynamic, deadline-focused environment. -Strong analytical, problem-solving and organizational skills. -Demonstrated leadership ability and outstanding interpersonal skills -Must be willing and able to work either alone or with a team to develop solutions to complex problems -Good communication skills for effective interaction with Front Office, Operation, PCG and other areas of the firm PRIOR WORK EXPERIENCE Required/Must have: -Seeking 12 + years of experience in financial institutions -5-10 years of direct experience in asset/liability management -Experience in production of ALCO report or participation in ALCO meetings Desired/Plus: -Experience in a leadership position on various change management projects or initiatives EDUCATION Required/Must have: -BS/BA in Accounting, Finance, Business required. Desired/Plus: -CPA or CFA a plus. |
| Job Ref No: | ES 1590 |
