Market Operations Compliance & Control Analyst
Sanofi Group
**Market Operations Compliance & Control Analyst**
+ Location: Bruxelles, Belgium
+ Job type: Permanent, Full time
+ Hybrid working model at least 3x per week onsite
+ >20% of travel within Europe
**About the job**
At Sanofi we chase the miracles of science to improve people’s lives. We are dedicated to making a positive impact on the lives of the patients and families we serve, and we accomplish our goals through world-class research and with the compassion and commitment of our employees.
As we continue to transform the practice of medicine, the next chapter of Sanofi’s Play to Win strategy will require a focus on delivering transformation and simplification of our core processes, optimizing resource allocation and deployment to fuel business growth and investment in science.
**Global Treasury Operations** is a Key department within the Financing, Treasury & Insurance function.
It offers best-in-class Global Treasury Services for the Sanofi Affiliates including
+ Effective centralization and management of the Global Liquidity,
+ In-House Bank & Payment Factory services,
+ Compliance and Control of Market Transactions managed by Treasury Front Office/Capital Market department on all Sanofi asset classes
Within Global Treasury Operations, **Market Operations Compliance & Control (Treasury Back Office)** plays a critical role in terms of control of Market Transactions managed by Treasury Front Office/Capital Market department on all Sanofi asset classes. The stake and importance of that role has been reemphasized over time given strengthened EU and US regulatory environment, which in addition to the existing Sarbanes Oxley control framework, aims at limiting financial markets systemic risks. It is also responsible for the timely and accurate settlements of Treasury Transactions with the different banking relationships and is responsible for maintaining best in class Treasury processes, procedures, and control environment.
It manages controls over about 5 thousand External and Interco Treasury Transactions a month and 16 banking relationships.
Two Market Operations Compliance & Control Analysts, both reporting to the Head of Global Treasury Operations, manage the Market Operations Compliance & Control (Treasury Back Office) responsibilities.
**Main responsibilities:**
**Performing Market Operations Compliance & Control recurring activities**
+ Daily control of the exhaustiveness, accuracy and conformity of the Treasury Transactions initiated by Capital Market/Front Office team (MMF, short term deposits, certificates of deposit, repo’s, bonds, Euro & US commercial papers, FX spots, forwards, swaps on about 40 currencies, interest, and cross currency swaps, NDF’s, …) as well as of the Treasury Transactions with Internal Counterparts by ensuring:
+ Reciprocity with Counterparts (in line with different contracts ISDA, authorizations, …)
+ Internal validations and adherence to Sox control framework, Sanofi policies and guidelines
+ Daily management and monitoring of financial instruments related settlements according to banks standing settlement instructions and cut-off times as well as monthly closing timelines
+ Effective follow-up of litigations with banking relationships
+ Daily reporting and control of the counterparty / financial instruments exposures and monitoring of such exposures vs. defined limits
+ Monthly reporting on treasury activities and Ad Hoc reporting
+ Set-up and maintenance within treasury management system of Treasury Counterparts; including set-up of standing settlements instructions to ensure correct recording and settlement of financial transactions
+ Development and maintenance of treasury policies, processes, procedures, systems, and control environment in line with best practice
+ Manage the Market Operations Compliance & Control internal / external audit processes and engagement with auditors
+ Working collaboratively with other Treasury departments, acting as an escalation point for unresolved issues, provide specialist financial support
**Supporting transverse projects**
+ Assuming responsibility of Market Operations Compliance & Control business continuity plan
+ ongoing monitoring (with the support of Sanofi Legal team) & implementation of regulations on financial instruments changes impacting Back Office activities and especially concerning confirmation, lifecycle & reporting
**Acting as Key User**
+ Identify and escalate pain points that may be subject to process improvement and share best practices
+ Identify gaps vs. existing practices, regulatory constraints, and local process dependencies
+ Ensure continued focus on process improvement, increased automation of activities and the elimination of non-value-added activities
+ Support process exception arbitration when needed and propose process workaround
+ Review process design when applicable
+ Update internal control framework
+ Support and Sign-off on new process testing’s (UAT)
+ Participate to the change management plan
+ Contribute to Systems upgrades as required
**About you**
The successful candidate will have in-depth knowledge and experiences in the following areas:
+ Minimum 3 years of professional experience in Treasury multinationals (Back Office, Cash Management, In-House Bank, Treasury Accounting) within Bank / Corporate Treasury
+ Demonstrated knowledge of treasury functions, debt capital markets, and financial instruments
+ Understanding of financial controls and compliance frameworks
+ Experience with Sarbanes-Oxley is an asset
+ Experience with Treasury Management Systems (SAP, Others)
+ Experience with electronic banking systems / SWIFT /Payment Practices
+ Proven track record in dealing with complex issues proactively and in a timely fashion, along with the ability to make well informed and appropriate decisions and to communicate complex information to others
+ Languages: fluent in English and French; any further language is a plus
**Personal Characteristics**
+ **Analytical Mindset** : Exceptional attention to detail with ability to identify discrepancies
+ **Problem-Solver** : Proactive approach to resolving complex issues
+ **Communicator** : Excellent ability to explain complex financial concepts clearly
+ **Team Player** : Collaborative approach with strong interpersonal skills
+ **Adaptable** : Ability to manage multiple priorities and deliver under pressure
+ **Innovative** : Continuously seeking process improvements and efficiencies
**EDUCATION**
+ At least bachelor’s degree in finance / economics or similar
+ A certificate in Treasury is a plus
**Why choose us?**
+ At Sanofi, we believe in continuous learning and development. We encourage innovative thinking and welcome fresh ideas for process improvements and system optimizations
+ An international work environment, in which you can develop your talent and realize ideas and innovations within a competent team
+ An individual and well-structured introduction and training when you onboard
+ You can create your own career path within Sanofi. Your professional and personal development will be supported purposefully
+ As a globally successful and constantly growing company, Sanofi provides international career paths as well
+ We offer a dynamic work environment where your contributions will have a direct impact
+ Discover endless opportunities to grow your talent and drive your career, whether it’s through a promotion or lateral move, at home or internationally
+ Enjoy a thoughtful, well-crafted rewards package that recognizes your contribution and amplifies your impact
+ Drive implementation science, powerful crowdsourcing and open innovation, discovering the ways to bring science to live faster, contributing to a patient first mindset
+ Take good care of yourself and your family, with a wide range of health and wellbeing benefits including high-quality healthcare, prevention and wellness programs and at least 14 weeks’ gender-neutral parental leave
\#LI-EUR
**Pursue** **_progress_** **, discover** **_extraordinary_**
Better is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let’s be those people.
At Sanofi, we provide equal opportunities to all regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, ability or gender identity.
Watch our ALL IN video (https://www.youtube.com/watch?v=SkpDBZ-CJKw&t=67s) and check out our Diversity Equity and Inclusion actions at sanofi.com (https://www.sanofi.com/en/our-responsibility/equality-and-inclusiveness) !
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Sanofi is dedicated to supporting people through their health challenges. We are a global biopharmaceutical company focused on human health. We prevent illness with vaccines, provide innovative treatments to fight pain and ease suffering. We stand by the few who suffer from rare diseases and the millions with long-term chronic conditions.
With more than 100,000 people in 100 countries, Sanofi is transforming scientific innovation into healthcare solutions around the globe. Discover more about us visiting www.sanofi.com or via our movie We are Sanofi (https://youtu.be/96EwNjb1TLo)
As an organization, we change the practice of medicine; reinvent the way we work; and enable people to be their best versions in career and life. We are constantly moving and growing, making sure our people grow with us. Our working environment helps us build a dynamic and inclusive workplace operating on trust and respect and allows employees to live the life they want to live.
All in for Diversity, Equity and Inclusion at Sanofi - YouTube (http://www.youtube.com/watch?v=SkpDBZ-CJKw&t=2s)
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