Societe Generale - Model Auditor

Job Description :

- A 100% owned subsidiary of European banking and financial services major Societe Generale (SG), Societe Generale Global Solution Centre (SG GSC) came into existence in 2000. Established as an offshore development centre in Bangalore, also having a presence in Chennai, SG GSC has 15 years of sustainable delivery expertise to its credit, and develops global best practices to promote the strategic objectives of the Societe Generale Group.

- SG GSC possesses in-depth understanding of the business processes and cutting-edge technologies across domains of Societe Generale's diverse portfolio. We deliver best-in-class solutions to the Group's entities in the realm of corporate and investment banking, retail banking, specialized financing and insurance, private banking, and global investment management and services.

- We place the highest importance on our employees and provide extensive opportunities for career progression and development. SG GSC conforms to the group diversity principles, and has a multi-cultural staff representing seven nationalities, and speaking 20 languages. Women comprise 25% of our workforce.

Qualification :

- You will be part of SG GSC Audit platform and participate to local audits in India as much as global assignments across the world with Societe Generale Group audit teams. In addition to Audit assignments, we cover a large range of Audit services from Data analytics to Quality Assurance.

- Our ultimate goal is to become a global and best in class platform for the Audit function of Societe Generale Group.

We are now looking for Audit talents and Banking experts ready to be part of this challenging journey in various domains like IS Audit, Business Audit, Compliance, Quality Assurance, Data Analytics

You are an IS or Business Audit expert - 4 reasons to join the SG GSC DCPE team :

- Evolve in an international workplace

- Join a talented and experienced team

- Contribute to the success of the bank and be part of the evolution of Internal Audit.

- Get an opportunity to develop a career in audit and consulting function

Job Description :

- The model risk auditor will contribute to SG GSC internal audit team's enterprise-wide coverage of model risk. Job will involve a very degree of international exposure to various aspects of investment banking and will require travel to countries like France, Hong Kong, Japan, South Korea, UK and US. This job has high organizational visibility and can add a lot of value to the organization's control environment and impart confidence to the regulators.

The candidate will assume the following responsibilities :

- Audit entire model life cycle, i.e. development, validation, implementation, policies, governance, and use. Model uses include calculate derivatives prices, valuation adjustments, CCAR, etc

- Interact with various lines of business and control functions to understand relevant aspects of model development, validation, governance, and use.

- Evaluate model documentation / validation reports and document results

- Conduct Internal control reviews on behalf of the corporation to identify financial risks, controls to mitigate the risks and assess the control environment of each significant business process.

- Assess the remediation of regulator and audit identified issues

- Responsible for working independently on complex model audit

- Assess inherent, control and residual risks with expertise in modeling practices, techniques, and validation processes as well as risk management strategies and data analytics.

- Prepare high quality audit deliverables including planning memoranda, audit programs, working papers, drafts of audit issues, audit reports and present the results to various levels of Internal Audit leadership, as well as the business organization.

- Ensure effective and efficient execution of audits in conformance with professional and departmental standards, budgets, and timelines.

- Maintain effective working relationship with key stakeholders responsible for modeling processes and model risk management

- Research relevant banking, regulation, risk management, and operational topics.

- Maintain technical subject matter internal audit competency through ongoing professional development

Education level : Master's Degree

Work experience - 7-10 years

Contract type : Permanent

Company : Societe Generale

Description : Societe Generale India SG GSC

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