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Not Disclosed by Recruiter Posted 30+ days ago Job Applicants: 95 Job Views: 189

Job Description

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    Societe Generale is one of the leading financial services groups in Europe. Based on a diversified universal banking model , the Group combines financial strength with a strategy of sustainable growth , putting its resources to work to finance the economy and its clients plans. With a solid position in Europe and a presence in countries with strong potential , the Group s 145 , 700 employees in 66 countries support 31 million individual clients , large corporates and institutional investors worldwide by offering a wide range of advisory services and tailored financial solutions.

    Societe Generale was established in India in the year 1978. In 1985 , Societe Generale Bank commenced operations as a Scheduled Commercial Bank in Mumbai. Since then it has a proud legacy of servicing corporates and clients. New branches were added in Delhi (1993) , Sanand (2013) and Chennai (2016). Societe Generale not only offers an extensive product portfolio to different market segments , but customizes solutions in investment banking , global finance and global markets.


    Job Summary

    The Inspection and Group Audit Division [IGAD] constituting the third line of defense conducts independent audits of operational entities in an objective , thorough and impartial manner in line with professional standards;

    IGAD assesses the compliance of the Group's operations , the effective level of risk exposure , the adequate enforcement of procedures , and the effectiveness and relevance of the permanent control set - up. IGAD also assesses the audited entity's management's risk awareness and gives its opinion on compliance with the rules of business conduct and expected professional practices.

    The main tasks of IGAD [Internal Audit] are to assess the compliance of transactions , actual risk exposure , respect of procedures as well as the relevancy and efficiency of permanent control. This is managed thanks to an objective , rigorous and unbiased approach.

    The Local Head of Audit is in charge of auditing the Group activities for a given country [Bank , SG securities and ALD]. He / she works in cooperation with the Business correspondents.


    Regarding risk assessment and audit plan , the Local Head of Audit

    coordinates the risk assessment process;

    prepares the SG India audit plan [ex SG GSC].

    plans missions and monitors the fulfillment of the audit plan;

    proposes to launch missions and defines their staffing.

    Supervises recommendations follow - up;

    Prepares and participates in Local Apex committee meetings and meetings with SG India CEO and SG India management.

    Represents Audit function for the Country management. Especially , presenting the risk assessment , conclusions and audit plan.

    In - charge of administrative tasks and budgetary follow - up at local level. In - charge of auditors recruitment , in consultation with Head of Region.

    Contributes to keeping the audit methodologies up - to - date.

    In addition , the Local head of Audit acts as a supervisor. As such , he / she:

    validates the diagnosis presented by the head of assignment;

    controls the quality of the works performed by the assignment and ensures deadlines are met;

    validates the assignment report (and presents it to the Head of Region) and the recommendations;

    attends the presentation of the conclusions of the mission to the management of the audited entity;

    evaluates the head of missions (first level) and the auditors (second level).


    He / She is accountable for Internal Audit function at SG India [excluding SG GSC] and works jointly with Business correspondents for risk assessment and audit plan.

    He / She enjoys a large autonomy to supervise the assignments.

    Internal and / or external contacts

    He / She is regularly in contact with IGAD Management (Head of Region , Business correspondent , ) and heads of entities within his scope.

    He / She also represents the audit function for external auditors and local regulators.


    Qualification & Work Experience

    Commerce Graduate with a higher qualification in risk / compliance / audit / accounting such as Chartered Accountancy

    The candidate should be preferably CIA / CISA

    Certification Course in Accounting (recognized by RBI under Capacity Building Policy)

    12 - 15 years of work experience preferably in banking and financial services environment again in similar function as internal audit at senior positions. Experience of working in reputed professional audit firms with exposure to financial services may also be considered good. Experience of leading audit teams / acting as Head of Audit , working in diverse / multi - national culture is desired.

Salary: Not Disclosed by Recruiter

Industry: IT-Software, Software Services

Functional Area: Accounts , Finance , Tax , Company Secretary , Audit

Role Category:Senior Management


Employment Type: Permanent Job, Full Time


Desired Candidate Profile

    Please refer to the Job description above


UG: Any Graduate

PG:Post Graduation Not Required

Company Profile:

Societe Generale Global Solution Centre

Societe Generale Global Solution Centre
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