UK GBIS Head of Level 1 Controls - Finance - London, United Kingdom

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Societe Generale is one of Europe's leading financial services groups and a major player in the economy for over 160 years, we support 25 million clients every day with more than 126,000 staff in 65 countries

Our Group draws on our European roots to develop our business internationally. Our unique geographic positioning enables us to connect Europe and Africa with major global financial centres in Asia and the Americas.

The Group combines financial strength, proven expertise in innovation and a sustainable growth strategy with the objective of creating value for all our stakeholders. We seek to be a trusted partner in the projects of those building tomorrow's world today.

About the team:

The GBIS Finance Division (DFIN/GBI) is in charge of:

• Steering the financial and budgetary strategy of GBIS, and its investment and development policy;

• Measuring and analysing the profitability of the activities portfolio (clients, businesses, geographies) and the use of all resources (overheads, balance sheet, capital, liquidity, etc.);

• Certifying GBIS accounts (accounting quality, valuation methods, orders options, etc., regardless of the production centres, vis-à-vis DFIN, external auditors, regulators, etc.;

• Ensuring the necessary support and the right level of expertise on the subjects of accounting standards, audit

Summary of Key Purposes of the Role:

• The role covers the oversight of the control function for SGIL and SGLB in Bucharest and Bangalore and reports to the SGIL CFO

• It includes the prime responsibility for developing, promoting the control framework and monitoring key financial indicators for Societe Generale International Limited ('SGIL') and a light oversight of Societe Generale London Branch ('SGLB') entities.

Responsibilities:

• Account Certification: Oversight of the monthly Account certification process (AOC) process, including following up on balances at risk, open action plans (coverage DFIN GSC Bucharest and Bangalore, DFIN). Update the AOC policy for SGIL and submit to relevant committee for approval on an annual basis.

• Supervisory Controls (GPS): Oversight of the monitoring and reporting of the GPS controls completion, (including follow up of open anomalies) on a monthly basis and the library of controls is confirmed by department heads.

• Internal control certification: Manage the quarterly Internal Control Certification (I2C) process across SGIL, SGLB and SGIUK entities.

• Quarterly Closing Monitoring: Prepare the pre-close pack highlighting expected issues and monitor daily the month end close

• SGIL Governance

o Set up & manage the monthly & quarterly SGIL client service meetings as per the CLSA. Ensure the monthly KPI dashboard and the highlights presentation is prepared, reviewed and circulated in advance of the monthly/quarterly meetings.

o Provide feedback to the SGLB Service management committee on the quality of the SGLB client service

o Ensure the PAQ CSLA is refreshed on an annual/periodic basis

o Ensure key L1 and L2 governance touch-points are adhered to in relation to the 2nd Line of Defence controls team.

• Internal and external audit points: Perform oversight of monitoring, follow up and reporting of the internal and external audit portfolio.

• SGIL First level Controls Oversight of the monitoring and reporting of the controls completion on a weekly & monthly basis. Ensure that the library of controls for DFIN (including offshore locations) is maintained and reflective of the control framework in place for SGIL.

• SGIL manual entries analysis to Finance management (statistics, typology and propose enhancement to existing processes)

• Policies & Procedures: Ensure existing PAQ DFIN policies are refreshed in line with process changes (at least on an annual basis)

• Oversight of the PAQ activities performed in GSC Bucharest and Bangalore. Attend all governance meetings with offshore locations as required by the SLA. Ensure all tasks are being handled accurately and timely in accordance with the SLAs in place.

• SGIL & SGLB Operational conduct and Risk committees (OCR): Organizing and presentation the topics from OCR on quarterly basis.

• Support any projects impacting DFIN on best effort basis.

Profile required

• Sound experience and skills in audit, accounting and controls framework
• Experience and knowledge of brokerage business,
• Demonstrated knowledge of accounting and banking regulations,
• Strong verbal and written communication skills,
• Strong ability to liaise will all relevant departments and levels of management,
• Ability to identify and take ownership of complex issues,
• Degree or equivalent in Finance/Accounting
• Accounting diploma (ACCA) or equivalent

Why join us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like "hard work" and "dedication" together with "community" and "respect" has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Business insight

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender identity.

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.

Reference: 24000LWA Entity: Societe Generale London Branch Starting date: 2024/12/06 Publication date: 2024/09/27