Regulation W Control Officer - Other job functions New York Regulation W Control Officer - Other job functions  …

in New York, NY, United States
Permanent, Full time
Last application, 04 Jan 20
in New York, NY, United States
Permanent, Full time
Last application, 04 Jan 20
Regulation W Control Officer - Other job functions New York
Day-to-Day Responsibilities:
  • Serve as point of contact for the business lines to provide guidance on Reg W requirements
  • Oversee the Reg W Collateral Pool and Quantitative Limits, including establishing and monitoring thresholds and limits.
  • Documenting the daily usage of collateral pool per business against established thresholds.
  • Review daily control results reported by business lines
  • Challenge service level agreements and cost allocations processes between the Bank and its Covered Affiliates
  • Preparation of committee presentations and business line activities reports
  • Production of daily Reg W Exposure Dashboard and other periodic controls and reporting
  • Participate in reviews of new business activities to assess applicability to Reg W sections 23A and 23B
  • Work with business lines and Compliance as required in monitoring SG US activities
  • Support inquiries across second line of defense (Risk and Compliance), as well as third line of defense (Audit).
  • Escalate exceptions and/or program risks to Compliance and management
  • Writing and updating documented procedures.
  • Participate in maintenance and evolution of the overall Reg W strategy to ensure current practices meet regulatory requirements.

  • Profile Required

    Technical Skills:
  • Strong working knowledge of MS Office specifically Excel and Power Point for creating detailed graphs, tables and presentations.
  • Ability to work with large sets of data from multiple sources for analysis
  • Competencies:
  • Working knowledge of Regulation W, a plus
  • Familiarity with bank business lines and products such as Treasury, Financing and/or Capital Markets, a plus.
  • Experience Needed:
  • 3-5 years+ banking business knowledge and/or bank regulatory compliance knowledge
  • Regulation W reporting experience, a plus
  • Educational Requirements:
  • Bachelors degree in Business, Accounting or Finance

  • Business Insight

    The Finance Department (DFIN) is a global organization which plays a fundamental role in developing SG Group and financial planning, managing cash flow, project and digital, producing financial statements and regulatory reports, financial communications and ALM.
    DFIN Americas spans across the United States, Brazil and Canada. We actively contribute to supporting the Americas Business Units to manage their perimeter. Our activities are strategic and range from steering financial performance to closing books and records and producing all regulatory reports. We also provide strategic and tax advice for the management of SG Group's cash flow and short-term liquidity.
    Within DFIN Americas, the Regulation W Office is responsible for monitoring Société Générale's overall compliance with Reg W. This group serves as the primary point of contact for the front office business lines and Treasury group. The Reg W Office examines credit transactions and related exposures and is responsible for the management of the dedicated Collateral Pool and Quantitative Limits.

    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, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

    Job code: 19000RWT
    Business unit: SG Americas Securities
    Starting date: Immediate
    Date of publication: 11/12/2019