Quality & Control Specialist Team Lead - Corporate & Investment banking - Jersey City, New Jersey, United States
Apply NowCompany: Societe Generale Corporate and Investment Banking - SGCIB
Location: Jersey City, NJ 07305
Description:
Responsibilities
Quality & Control Specialist Team Lead (SG Americas Operational Services, LLC, Jersey City, NJ
Provide supervision of reconciliations performed by offshore and outsourced teams to ensure accuracy,
timeliness, quality and controls of reconciliations and related processes. Validate the source of data
feeding reconciliation tools, review reconciliation setups, research and assist in resolving breaks, and
guide the offshore and outsourced teams. Oversee daily review of manual reconciliation and completion
of oversight checklists including validating report output against various sources such as external bank
account statements and/or general ledger. Analyze systemically performed reconciliation for accuracy;
periodically reperforming reconciliations manually, accessing tools to validate the proper settings are in
place; research any detected anomalies, propose resolutions and/or actions plans. Perform monthly
certification of general ledger balances, analyze discrepancies, identify exposure to the firm. Work with
key stakeholders and ensure action plans are in place for BCT (Balance Certification Tool) issues or
disputes; Collaborate with offshore team on continuous improvements and ensure all initiative are
reviewed by oversight; Leverage a comprehensive understanding of how breaks occur to support
stakeholders define actions plans and facilitate resolution of breaks; manage break populations and
perform root cause analysis on the outstanding breaks and recommend solutions. Ensure all aged & risky
breaks are captured in daily/weekly Key Risk Indicators (KRI) and have been escalated to management;
monitor the landscape and assess risk associated with outstanding breaks and escalating when
appropriate. Ensure timely completion of control functions. These control functions include but are not
limited to: BCT, Offshore Performance Review, Key Performance Indicators (KPI)/KRI, GDS, annual SOP
validations and SLA review; Ensure new cash, FOBO (Front to Back) & Securities reconciliations are
onboarded timely, tested, and compliant with published norms. Monitor the reconciliation landscape;
research discrepancies by accessing reconciliation tools and general ledgers and perform audits to
validate accuracy and assess risk associated with outstanding breaks, escalating when appropriate.
Using knowledge of reconciliation setups and tool meet with onshore and offshore stakeholders to either
train on use of tools, features relevant to specific needs. Analyze current reconciliation landscape,
controls and processes to recommend changes, controls, reports, or enhancements to achieve stronger
controls and or efficiencies. Liaise with internal and external Auditors, Compliance and Regulatory teams.
Provide support to our regulatory reporting team for CFTC (Commodities Future Trading Commissions)
filing by sharing the details with the agreed SLA. Serve to our Finance team by providing month end recs
and help them to file focus during month-end. Telecommuting permitted 2 days per week. When not
telecommuting, must report to SGAOS, 480 Washington Blvd, Jersey City, NJ 07310. Salary: $142,646-
$160,000 per year.
Profile required
MINIMUM REQUIREMENTS: Bachelor's degree or U.S. equivalent in Finance, Financial Engineering,
Business Administration, Accounting or a related field; plus 5 years of professional experience as a
Accountant, Auditor, or any occupation/position/job title performing quality and control functions within
banking industry.
In lieu of Bachelor's degree employer will accept 3 years of post-secondary studies in Finance, Financial
Engineering, Business Administration, Accounting or a related field, plus 1 year of professional
experience performing quality and control functions within banking industry, plus 5 years of professional
experience as a Accountant, Auditor, or any occupation/position/job title performing quality and control
functions within banking industry.
Must also have the following special skills: 5 years of professional experience working with regulations
and reform (including the Securities Act of 1933, the Securities Exchange Act of 1934, and Commodities
Futures Trading Commission (CFTC)) impacting banks and broker/dealer; 5 years of professional
experience utilizing General Ledger, product cash flows and business line trial balances relating to cash
position; 5 years of professional experience working with banking products including Cash, Equities, FI,
and Derivatives; and 3 years of professional experience utilizing Microsoft Windows, Microsoft Word,
PowerPoint and advanced Microsoft Excel; and 3 years of professional experience with Broadridge
Processing System (BPS), ShadowSuite (Back-office System), SunGard's GMI Clearing and Accounting
System, and Duco reconciliation platform
LINK TO EMPLOYEE REFERRAL PROGRAM: Incentives offered through the firm's Employee Referral Program are applicable to this position. For more information, please visit our "Employee Referral Program" link in the Human Resources section of our intranet under the Talent Management tab at: http://entrenet.us.world.socgen/support_groups/human_resources/talent_management/employee_referral_program.html
Why join usBusiness insight
Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.
OUR CULTURE:
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision:
For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)
HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable business lines will determine and communicate the work arrangements that best meet their business needs.
COMPENSATION:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.
Quality & Control Specialist Team Lead (SG Americas Operational Services, LLC, Jersey City, NJ
Provide supervision of reconciliations performed by offshore and outsourced teams to ensure accuracy,
timeliness, quality and controls of reconciliations and related processes. Validate the source of data
feeding reconciliation tools, review reconciliation setups, research and assist in resolving breaks, and
guide the offshore and outsourced teams. Oversee daily review of manual reconciliation and completion
of oversight checklists including validating report output against various sources such as external bank
account statements and/or general ledger. Analyze systemically performed reconciliation for accuracy;
periodically reperforming reconciliations manually, accessing tools to validate the proper settings are in
place; research any detected anomalies, propose resolutions and/or actions plans. Perform monthly
certification of general ledger balances, analyze discrepancies, identify exposure to the firm. Work with
key stakeholders and ensure action plans are in place for BCT (Balance Certification Tool) issues or
disputes; Collaborate with offshore team on continuous improvements and ensure all initiative are
reviewed by oversight; Leverage a comprehensive understanding of how breaks occur to support
stakeholders define actions plans and facilitate resolution of breaks; manage break populations and
perform root cause analysis on the outstanding breaks and recommend solutions. Ensure all aged & risky
breaks are captured in daily/weekly Key Risk Indicators (KRI) and have been escalated to management;
monitor the landscape and assess risk associated with outstanding breaks and escalating when
appropriate. Ensure timely completion of control functions. These control functions include but are not
limited to: BCT, Offshore Performance Review, Key Performance Indicators (KPI)/KRI, GDS, annual SOP
validations and SLA review; Ensure new cash, FOBO (Front to Back) & Securities reconciliations are
onboarded timely, tested, and compliant with published norms. Monitor the reconciliation landscape;
research discrepancies by accessing reconciliation tools and general ledgers and perform audits to
validate accuracy and assess risk associated with outstanding breaks, escalating when appropriate.
Using knowledge of reconciliation setups and tool meet with onshore and offshore stakeholders to either
train on use of tools, features relevant to specific needs. Analyze current reconciliation landscape,
controls and processes to recommend changes, controls, reports, or enhancements to achieve stronger
controls and or efficiencies. Liaise with internal and external Auditors, Compliance and Regulatory teams.
Provide support to our regulatory reporting team for CFTC (Commodities Future Trading Commissions)
filing by sharing the details with the agreed SLA. Serve to our Finance team by providing month end recs
and help them to file focus during month-end. Telecommuting permitted 2 days per week. When not
telecommuting, must report to SGAOS, 480 Washington Blvd, Jersey City, NJ 07310. Salary: $142,646-
$160,000 per year.
Profile required
MINIMUM REQUIREMENTS: Bachelor's degree or U.S. equivalent in Finance, Financial Engineering,
Business Administration, Accounting or a related field; plus 5 years of professional experience as a
Accountant, Auditor, or any occupation/position/job title performing quality and control functions within
banking industry.
In lieu of Bachelor's degree employer will accept 3 years of post-secondary studies in Finance, Financial
Engineering, Business Administration, Accounting or a related field, plus 1 year of professional
experience performing quality and control functions within banking industry, plus 5 years of professional
experience as a Accountant, Auditor, or any occupation/position/job title performing quality and control
functions within banking industry.
Must also have the following special skills: 5 years of professional experience working with regulations
and reform (including the Securities Act of 1933, the Securities Exchange Act of 1934, and Commodities
Futures Trading Commission (CFTC)) impacting banks and broker/dealer; 5 years of professional
experience utilizing General Ledger, product cash flows and business line trial balances relating to cash
position; 5 years of professional experience working with banking products including Cash, Equities, FI,
and Derivatives; and 3 years of professional experience utilizing Microsoft Windows, Microsoft Word,
PowerPoint and advanced Microsoft Excel; and 3 years of professional experience with Broadridge
Processing System (BPS), ShadowSuite (Back-office System), SunGard's GMI Clearing and Accounting
System, and Duco reconciliation platform
LINK TO EMPLOYEE REFERRAL PROGRAM: Incentives offered through the firm's Employee Referral Program are applicable to this position. For more information, please visit our "Employee Referral Program" link in the Human Resources section of our intranet under the Talent Management tab at: http://entrenet.us.world.socgen/support_groups/human_resources/talent_management/employee_referral_program.html
Why join usBusiness insight
Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.
OUR CULTURE:
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I:
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision:
- Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
- Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents
- Engage our community and marketplace, and position the organization to meet the needs of all its clients
For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)
HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable business lines will determine and communicate the work arrangements that best meet their business needs.
COMPENSATION:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.