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.
Purpose of the Role
As a Capital Planning expert, you will be in charge of:
* Support delivery of capital management policies and framework across SGIL, including assessment of capital adequacy, capital forecasting, planning/budgeting and strategy.
* Consolidate, enhance and automate existing capital planning capabilities, including forecasting, impact assessments, and capital steering.
* Embed capital metrics into annual Business planning, budgeting and financial performance activities.
* Produce accurate and timely reports and analysis covering forecast regulatory metrics against regulatory requirements and risk appetite.
* Support annual delivery of Recovery Plan and Resolution activities, for example impact assessment of recovery options and forecast recovery capacity.
Responsibilities
Capital Planning
* Project capital adequacy based on financial and strategic planning budgets.
* Project capital adequacy on a forward-looking basis under base case and stress scenarios.
* Formulate, approve and review stress scenarios and impacts on capital adequacy with internal stakeholders.
* Identify drivers of capital adequacy against capital risk appetite metrics.
* Perform impact analysis on capital adequacy against capital planning actions.
* Produce accurate and timely internal presentations. Produce detailed documentation to support assumptions, judgements and methodologies used to create forecasting models working with Capital Modelling
* Contribute to Capital Adequacy Statement and ICAAP exercises.
* Ensure adherence to model governance, model controls and EUC standards.
* Support Recovery and Resolution Plan yearly exercises, for example impact assessment of recovery options and forecast recovery capacity.
Capital Budgeting
* Validate capital requirements under base case and stress scenarios against business plans.
* Calibrate required internal monitoring metrics and thresholds for risk appetite.
* Identify and make recommendations where business plans exceed capital risk appetite metrics.
Profile Required
The role holder should be a prudential regulation or risk professional; a subject matter expert with a breadth of knowledge in both the technical and procedural aspects of capital management; passionate about regulation; and able to operate at a high standard in a highly dynamic environment.
Skills and experience requirements include:
* Experience in finance or risk department
* Experience with prudential regulatory requirements under CRR in the UK
* Experience with capital planning and forecasting under ICAAP framework
* Experience with counterparty credit risk
* Knowledge of balance sheet
* Excellent communication, interpersonal, and structured thinking skills, with an ability to operate with minimal oversight.
* Sound numerical ability skills
* Analytical skills
* Strong experience programming in VBA, R and Python
Why Join Us
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 Finance Division (DFIN) is in charge of:
* Steering the financial and budgetary strategy of the Group, 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 Group 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.
The UK Treasury department (DFIN/ALT) sits within DFIN and is in charge of the GBIS UK entities for:
* Treasury dealing activities
* ALM activities
* Liquidity framework
* Capital Management Activities
* Recovery and Resolution Plan
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.