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Deputy Head of Performance Financial Steering, Director - Finance - London, United Kingdom

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Responsibilities
The Global and Integrated Finance Division ('DFIN') department's aim is to add value to the Group and its business lines' development, through a transformation of our organisation and operating modes. DFIN provides a key contribution to the Group value creation, through our activities of strategic advisory, steering, data production and certification. We are engaged in all dimensions of performance evaluation across the Group and provide a transversal and objective vision to support informed decision-making for the management and development of the Group and its business lines.

Some of the many ways we are providing this are in the following:

  • Support and challenge all business lines, at every level of the organisation;
  • Organise an agile adaptation to strategic and regulatory challenges;
  • Ensure the security and reliability of financial information through operational excellence;
  • General management, pillars, business lines and corporate functions, regulators, auditors, markets and investors;
  • Performance assessed with operational indicators and financial information;
  • From strategic analysis to decision-making and execution monitoring;
  • Transversal vision of the Group, of all business lines and geographic regions;
  • Objectivity and the ability to take the broad view;
  • As trusted advisors, we are an essential partner to the managers;
    International function (paths and career) and diversity;
  • Exemplarity in our management and our daily behaviours;
  • Innovation in our operation models and the implementation of digital levers.

The DFIN/PFS (Performance Financial Steering) department is in charge of steering the financial performance of GBIS: measures and analyses the profitability of the activity portfolio and the optimization of the use of all resources. For that, DFIN/PFS:

  • ensures the necessary support and the right level of expertise to the business partners, and to the management of GBIS,
  • is responsible for the deliverables related to the strategic and financial performance of the UK Business Units and Service Units for Senior Management,
  • leads transversal exercises such as annual budgeting, strategic reviews, financial modelling of GBIS UK financial trajectory and benchmark/competition analysis,
  • leads ad-hoc business/financial studies (e.g. profitability analysis, normalized profit, cost allocation, usage of scarce resources etc.) and global initiatives related to Financial Steering on behalf of DFIN/Dir
  • contribute to global projects : ESD, Business lines transformation (DCS, originate to distribute model) an local regulatory programs such as SPEAR and meet regulatory new requirements

UK DFIN PFS mainly covers the performance steering of: Market Activities (MARK), Global Banking and Advisory (GLBA), Global Transaction Banking and Payment Services (GTPS) and cost steering of UK GBIS platform

The UK deputy head of PFS primarily responsible for supporting and challenging financial performance steering such as the UK Platform strategic review, financial modelling of GBIS UK trajectory, as well as providing support to Head of PFS and the team in charge of the UK Business Lines and SUs performance steering.

The Role in the UK is dedicated to support the steering team in allocating the tasks and priorities in line with management recommendation, review and challenge the metrics in the budget and financial trajectory processes (RWA, capital, LCR and NSFR, leverage ratios etc...) and accompany the optimization of the processes linked to the steering and monitoring of the financial performance of GBIS UK

In his role, the Deputy Head of PFS is primary responsible for delivering the management information pack on a regular basis, and be key actor of the strategic business review on the trajectory in line with group guidance and local specificities on scarce resources and all the reports required to help management to take strategic decisions based on performance of the platform in line with the Target Operating Model and Reporting Target as well as regulatory reports under the remit of PFS to meet local regulatory requirement

The deputy head is responsible to oversight all functions onshore and offshore partenering PFS to deliver accurate and valuable information used in the Management information pack that helps senior management to take strategic decision

The DFIN PFS deputy head will be facing senior management during MIs presentation and will be able to represent DFIN and PFS in different projects and committes/governances

• Responsible for and having oversight of the operational / strategic management of the PFS UK function. With specific cost focus on all Wholesale Support Lines and all specific KPI aspects of the SGIL UK business including P&L performance, headcount and general metrics

• Management and appraisal of PFS team including 2 senior financial analysts

• Proactively support and shape the decision making process, by providing senior management with an understanding of the cost impacts of such decisions, and proactively identify actions required to resolve financial problems across the Group, to bring things 'back on track' where performance deviates

• Drive business performance improvement by preparing financial analysis to highlight areas of improvement and facilitate/influence the change

• Being a sponsor and a change maker of simplification and digitalization

Support business projects and integration activities across the Group to help the team produce and develop data and reports as required by management and to interpret the data and explain it's relevance to management
Profile required
Technical competencies and job skills
Academic background
- Engineer degree, BSc/BA, MSc/ MA, MBA, CPA/CA, CFA, would be a plus
- Minimum of 10/15 years of experience working in Financial services, in financial steering will be a plus

Technical skills
- Strong written and verbal communication skills
- Experience in process improvement analysis, business process reengineering and transformation/Integration projects.
- Office pack, Project Management skills, understanding of new Digital Technologies, Internal IT architecture (FO to Accounting) would be a plus.
- Functional background expected on one of the following areas: Accounting norms and standards (IFRS, local GAAP is a plus), Regulatory Reporting processes, Liquidity and Scarce Resources Management, Product Control, Market Risk, Credit Risk, financial performance steering

Soft skills
- Analytical capability: Able to break down complex problems into simple manageable units, develops solutions for each unit, and integrates them back into the whole. Can absorb ideas quickly and apply then pragmatically.
- Results oriented: setting goals and priorities that maximize the use of resources available to consistently deliver quality results
- Strong analytical and problem-solving skills
- Ability to work as part a team, approachable, experience in developing/coaching team members
- Ability to quickly give a synthetic overview (good oral & written communication) & communicate with top management
- Ability to drive the change, to influence without authority, Adaptability, Autonomy, Innovative.

Behavioural competencies
• Act with responsibility, accountability and autonomy by utilizing sound judgment to make risk-mitigating decisions
• Remain aware of the impact and consequences of such decisions to SG and our clients
• Adhere to SG policies, procedures and Code of Conduct; understand and act in compliance with all laws and regulations, including, but not limited to anti-money laundering and OFAC regulations, relevant to area of responsibility and business
• Escalate any material risk, compliance or control-related issues that comes to attention
• Seek opportunities to improve the risk, compliance and control environment at SG and with our clients
Why join us
We are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status".
Business insight
At Société Générale, we are convinced that people are drivers of change, and that the world of tomorrow will be shaped by all their initiatives, from the smallest to the most ambitious.

Whether you're joining us for a period of months, years or your entire career, together we can have a positive impact on the future. Creating, daring, innovating and taking action are part of our DNA.

If you too want to be directly involved, grow in a stimulating and caring environment, feel useful on a daily basis and develop or strengthen your expertise, you will feel right at home with us!

Still hesitating?

You should know that our employees can dedicate several days per year to solidarity actions during their working hours, including sponsoring people struggling with their orientation or professional integration, participating in the financial education of young apprentices and sharing their skills with charities. There are many ways to get involved.

Deputy Head of Performance Financial Steering, Director - Finance - London, United Kingdom

Societe Generale
London, UK
Contract

Published on 10/12/2024

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