Job Description

Responsibilities

Societe Generale's internal control is based on Permanent control (1st & 2nd Level) and Internal Audit that are separate and independent from each other while being complementary.

The Financial Supervision & Control Team ("CTL") is part of the Second Level Permanent Control Teams that is responsible of monitoring the effectiveness of the accounting and financial control framework which aims at ensuring the quality and accuracy of Societe Generale's ("SG") financial statements. It is a transversal role covering Control Testing/Reviews for SG Investment Banking Business Lines which are linked to SG entities across the Americas. The individual will be part of the CTL Team that designs test plan, collects samples, independently tests, and reports on test results and conclusion of control effectiveness. The CTL Team is responsible for the control test of all processes that have an impact on the financial statements, throughout Front office, Middle office, Back office, Risk and Finance Department process from transaction input to financial and regulatory reporting. The individual will have the opportunity to interact with global teams and learn the front to end process of a variety of financial products held by SG's Canada entities and U.S. entities, including corporate loans, letters of credit, securities, repos and securities borrow/loans, derivatives, money market products, broker-dealer operations, underwriting, etc. In addition, the individual will also lead or participate projects that enhances the Second Level testing. Examples of projects includes methodology improvements, digitalization, data analytics, etc. The CTL Team of Americas has locations in Canada, U.S. and Brazil, and is composed of team members with various background and expertise in order to cover a wider spectrum of processes and topics.

Key Responsibilities Include:

• Manage all aspects of accounting and financial reporting level 2 control reviews (identification of financial risk areas, walkthroughs, testing execution) over repo/reverse repo, stock borrow/lending, fixed income securities, equities, derivatives, margin, loans, letter of credit, money market products etc.
• Propose improvements to financial control framework on accounting and financial reporting. Help and follow-up with their implementation
• Monitor on the applicable perimeter, the evolution of risks, the normative changes and bank projects
• Represent the Finance Controls team in front of Senior Management
• Engage in equal footing with the first control teams to independently identify, measure, control and report aggregate risks
• When applicable, lead staff assigned to the level 2 control reviews towards the set objectives (Set clear control steps and objectives to assigned staff, manage allocated time, and remain within budget, organize communication and status meetings with other members part of the same project, provide feedback when applicable)
• Guide and train new or/and junior staff
• Assume a leadership role within the team and take an active participation to the longer-term goals of the Finance Control team
• Stay abreast of industry trends/developments to determine their impacts on SG's regulatory reporting framework
• Promote technological improvements to the level 2 control function by automating workflows using business intelligence tools (Alteryx, Knime, PowerBI, Spotfire, etc.)

Profile required

Profile

• Challenging and analytical skills to give an independent and relevant opinion on the control framework or the correct application of accounting standards.
• Strong audit and accounting skills as well as good knowledge of accounting principles under IFRS and US GAAP
• Product knowledge including repo/reverse repo, stock borrow/lending, fixed income securities, equities, derivatives, margin, loans, letter of credit, funding vehicles etc.

• Ability to understand Banking & Investment business lines and able to challenge the processes with a continuous improvement mindset.

• Communication skills: ability to interact with a wide range of staff (all staff levels & management)

• Openness, appetite for teamwork

Professional requirement

• High knowledge of accounting schemes and treatment of financial products, and their impacts on PNL, balance sheet and off-balance sheet.
• Knowledge of IFRS, U.S. GAAP and consolidation principles for Banks. Knowledge of French GAAP is a plus.
• Good knowledge of audit techniques (risk approach, substantive testing, high view analysis, etc.)
• Good Knowledge on Financial market and investment products
• Advanced written and verbal communication skills and presentation skills

Experience

Minimum 5 years of Experience in Audit, Financial controllership, Financial Consolidation & Supervision under Banking & Financial Industry

Education

• Bachelor's degree in Finance, Accounting, or related field
• Advanced degree a plus
• Preferred: CPA

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

What we do differently at Societe Generale

Competitive compensation & benefits offering, including but not limited to:

Minimum of 20 days 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

There are many Employees Resource Groups (ERG) to engage

We foster a culture of continuous development by encouraging our employees to seek improvements through various training programs (online training and coaching platform such as Coursera, GoFluent, PluralSight, First Finance, and others)

Business insight

About us

Expanding its activities in Montreal, Societe Generale Group is a large multinational bank that counts 130 000 employees located in more than 60 countries around the globe. At Societe Generale, reimagining green IT impact with our focus on sustainable movement is how we interpret our mission as responsible bankers. Societe Generale has positioned itself as a frontrunner is supporting the energy transition and carbon net zero financing.

It is with a long-term approach that we are engaging with the world as it is today: a world in which economic development goes hand-in-hand with environmental and social progress. As a result, we made Team spirit a central value at Societe Generale Canada. We work together to be able to offer each employee the tailored approach they require to grow. As soon as you arrive, you will be integrated into our teams and will learn every day alongside experts, who will support you in your task. Get ready to join an innovative company where you can bring your full self to work and evolve with forward-thinking individuals to build the bank of tomorrow!