Risk Officer (Model Risk Governance)
Risks Permanent contract Montreal, Quebec, Canada Reference 24000PR1 Start date 2024 / 12 / 02 Publication date 2024 / 10 / 28
Responsibilities
The Risk Management Department contributes to the sustainable growth of the Societe Generale group through its expertise, understanding of risks, and risk management techniques.
The department’s mission is to independently analyze, assess, manage, and monitor risk-taking activities with the objective of achieving, together with the first line-of-defense, the best possible outcome for the bank.
The department oversees the enterprise, strategic, credit, market, liquidity, operational, model, and other risks of the corporate and investment banking business activities.
ABOUT THE JOB :
This role is within the Model Risks’ Governance Team of the Risk Management Division (RISQ). RISQ’s main mission is to contribute to develop SG Group business and returns through the implementation of an efficient risk management process.
Model risks’ governance refers to the framework and processes to effectively manage the risks associated with the use of models.
The candidate will work for the Model Risk Management team (RISQ / MRM) located in Montreal.
As a Risk Governance Specialist, you will be pivotal in driving the consistent application of the Model Risks’ Governance framework for Societe Generale’s Americas division, covering a diverse range of model families.
Reporting directly to the Senior Management of Model Risks’ Governance, you’ll take the lead on managing and maintaining the AMER Model Inventory and the Model Risk Management platform (GRC Platform) the core system that underpins inventory tracking and model governance across the region.
This role demands a deep understanding of the model lifecycle. You’ll play an instrumental role in implementing policies and controls that uphold model accuracy, reliability, and suitability, ensuring they effectively support decision-making processes.
If you’re a detail-oriented professional with a passion for enhancing model governance, this role offers an impactful opportunity within a dynamic, high-stakes environment.
What will be your DAY-TO-DAY?
This role offers an opportunity to lead and strengthen model risk governance across a dynamic, high-stakes landscape. As a Risk Officer (Model Risk Governance), you’ll play a pivotal role in ensuring the integrity and effectiveness of our model risk governance.
Your key responsibilities include :
- Refine the Risk Framework : Enhance AMER model risk appetite and management framework.
- Manage Model Inventory : Engage stakeholders to maintain the SG AMER Model Inventory and support the annual certification.
- Oversee Approval Processes : Manage approvals for initial use, model changes, and ongoing validations.
- Coordinate with Validation Teams : Set validation priorities for models, aligning with regulations and industry best practices.
- Conduct Quality Control : Perform checks on independent model reviews.
- Governance and Reporting : Implement model risk processes, assess risk, and report to governance forums.
- Support Regulatory and Audit Preparation : Prepare materials for regulators and internal / external audits.
- Collaborate on Tech Solutions : Partner with technology to build model inventory and workflow solutions.
- Track and Report Issues : Review and monitor remediation actions and distribute governance materials.
Profile required
Skills and Qualifications :
Must Have :
- 3+ Years of Risk Management Experience : Proven track record in risks management, model risk, with deep knowledge of risk metrics, model controls, and industry standards, including regulatory requirements like SR11-07.
- Bachelor’s Degree : Finance, Economics, or a similar field.
- Policy Documentation Expertise : Strong experience drafting policy and procedure documentation, MIS reports, and materials for senior management, oversight forums, and regulators.
- Change Management and Influence : Demonstrated success as a trusted partner in implementing changes and fostering adoption among end-users.
- Exceptional Interpersonal Skills : Highly collaborative and able to engage with cross-functional teams.
- Attention to Detail and Organizational Skills : Detail-oriented, organized, and adept at prioritization.
Nice to Have :
Consultancy / Audit Firm Experience : Background in consulting or audit, especially in managing multiple risk management projects within investment or financial sectors.
Languages :
Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States .
Due to US Federal Securities law applying to this position, candidates who will apply for this position will be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority ( FINRA ).
Why join us
OUR BENEFITS :
WHAT WE DO DIFFERENTLY AT SOCIÉTÉ GÉNÉRALE
Competitive compensation & benefits offering, including but not limited to :
Minimum of 20 Vacation days + 4 personal days Supportive Maternity, paternity, parental and adoption leave policy Health spending ($2,000 / year) and personal spending ($1,000 / year) accounts with 75+ eligible reimbursement categories (health, training, electronics etc.)
Fully sponsored virtual healthcare assistance and Employee Assistance Program to you and your immediate family
Various Employee Resource Groups (ERG) to engage with such as Pride and Allies, American Women Network, Black Leadership Network, One planet, etc.
- A culture of continuous development by encouraging our employees various training programs (online training and coaching platform such as Coursera, GoFluent, Pluralsight, First Finance, and others)
V.I.E. Analyst - Model Risk Governance
This role is within the Model Risk Governance Team of the Risk Management Division (RISQ). The VIE will work for a team (RISQ/MRM) in charge of model risk governance & ad-hoc requests for MRM Governance. Analyst - Model Risk Governance. Risks International Volunteer Program Montreal, Quebec, Canada ...
Consultant/Senior Consultant, Governance, Risk and Compliance Services
Assist organizations with various types of enterprise risk management engagements, including but not limited to developing risk appetite statements, designing and implementing various risk management frameworks, and facilitating enterprise risk assessments. Specifically, our Governance, Risk and Com...
Senior Manager Governance, Risk & Compliance (GRC)
Knowledge of data classification, security policies and standards, strategic threat intelligence, threat modeling, vulnerability management, risk assessments, third party risk programs, risk management techniques, risk registries, regulatory compliance, security awareness training and testing, secur...
Senior Manager, Credit Risk Model Validation
You are responsible for providing effective challenge to the credit risk models during model development and communicating decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Model Risk Review and Effective Challenge: You perform the vali...
Senior Manager - Governance, Risk and Compliance Services (Financial Services)
Advise clients in the Financial Services sector in designing and implementing risk management frameworks from strategic to operational levels including risk strategy, appetite, governance, policies, culture and technology systems. Governance, Risk and Compliance Services (GRCS). Our professionals br...
Senior Manager, Credit Risk Models - Financial Engineering & Modelling
AIRB, IFRS 9, CECL, adjudication/behavioral scoring models and CCAR models), across model development, validation, and review functions. Minimum 5-7 years of relevant experience spent within a credit risk model development or model validation team at a major financial institution;. Would you like to...
Security Analyst, Governance, Risk & Compliance (GRC)
This role is ideal for entry-to-intermediate level candidates in the security, governance, risk and compliance space. Distribute risk and governance information through reports and presentations. Our Security Analyst, GRC, focuses on the governance side of security and is not a technical security op...
Int. Bilingual Quantitative Analyst with quantitative skills, Python and SQL to develop, implement and maintain quantitative risk models for a large banking client - 52862
Knowledge or experience in multifactor equity or risk modeling, including multi-factor models Northfield or Axioma; risk management metrics and methods such as VaR and stress testing models. Apply specialized skills and fundamental data science methods such as predictive modeling, time series foreca...
Senior Manager - Governance, Risk & Compliance Services (Energy and Natural Resources)
Our GRCS professionals provide a range of risk assurance and advisory services to organizations including internal audits, internal control advisory services, enterprise risk management support, assessments of third-party relationships, regulatory compliance, governance and sustainability initiative...
Manager/Senior Manager, Credit Risk Models - Financial Engineering & Modeling (Montreal)
Would you like to further develop your career with our exponentially expanding Risk, Regulatory & Forensics, Financial Engineering & Modeling group? Are you up for the challenge to help the most sophisticated Canadian and international clients to solve their quantitative and modelling issues...