BMO, Operational and Compliance Risk Officer

Permanent contract|Hong Kong|Corporate and Investment Banking

BMO, Operational and Compliance Risk Officer

Hong Kong, Hong Kong Permanent contract Corporate and Investment Banking

Responsibilities

Responsible for supporting GLBA/DIR and GLBA Business lines in Asia Pacific in ensuring the proper set-up of control and mitigation of financial/outsourcing/operational/regulatory/compliance risks and delivering the risk and regulatory roadmap.

Summary of responsibilities 

1st  Line of Defense:

  • Assist the RRCN1 (First Level Control Relays function under PCT framework) in”
  • Updating the process mapping for the whole GLBA scope in AsiaPac on the run
  • Assisting operational managers in the design of first level permanent controls
  • Implementing and maintaining the first level permanent control framework
  • Investigating, analyzing and drafting report on First Level Control (L1C)’s results and communicates to BU/SU management including Head of Departments, ICC and L2C teams
  • Participating in the implementation of corrective measures in the event of anomalies, ensuring that the action plans of LOD1 and LOD2 are in place and periodically reporting on the progress of the action plans to management
  • Contributing to the training and awareness of employees and managers on how to carry out controls
  • Supporting and monitoring transformations and changes within the BU/SU of the permanent control frameworks
  • Help the RRCN1 in the preparation or the attendance of the related governance both global and regional such as GLBA Regulatory & Compliance Committee (GLBA COREG) chaired by GLBA/BMO, the Financial Crime & Conduct committee (FCC) the Sanction & Embargoes committee (S&E) and the Anti-Bribery & Corruption committee (ABC)
  • Ensures correct application of procedures defined by the bank to make sure business is conducted under a proper framework, in particular vs. local requirements (implementation and revision if necessary)
  • Ensure follow up and monitoring of any regulatory issue/development
  • Adapts procedures as needed internally, ensures correct implementation and design trainings as requires
  • Follow-up, contributes and leads for GLBA the Culture and Conduct stream for AsiaPac Region
  • On demand, prepare notes, memos or reports to answer any request coming from regulators (HKMA, MAS, ...) through CPLE, DFIN and Legal

Change Management:

  • Performs ad-hoc studies and be involved in initiatives on behalf of GLBA regional management and within the COO scope

Business management:

  • Ensures correct application of procedures (implementation and revision if necessary)
  • Coordinates the BCP strategy in coordination with BL managers and BCM
  • Acts as main point of contact for Audit, ensures swift implementation of recommendations

Profile required

Behavioral:

  • Responsibility: autonomy, integrity, independence and capacity to understand and manage all type of risks
  • Commitment: rigor, capacity to manage multiple tasks with multiple deadlines under short deadlines, stress resistance
  • Team spirit: teamwork orientation, diplomacy, adaptability
  • Innovation: ability to develop new solutions
  • Client orientation: proactive approach to find solutions adapted to clients’ and markets’ needs

Technical:

  • Strong analytical skills and resourceful
  • Good understanding in SG policies, regulations and infrastructure
  • Problem solving and initiative taking
  • Good team spirit and establish strong relationship with SG entities for achievements
  • Good communication (written and verbal) and organization skills, fluent in english, ability to deliver coherent messages to management
  • Good understanding in banking products and financial industry

Business insight

Global Banking & Advisory (“GLBA”) is organized in 2 main teams: 

  • “Products” which offers our issuer clients (corporates, financial institutions, public sector) with capital raising solutions, along with structured financing. GLBA develops tailor-made products and providing strategic advice (capital structure advisory, financing schemes and capital markets) based on its worldwide expertise and in-depth sectorial knowledge.
  • “Coverage” which manages and develops global commercial relations for all Coverage Strategic and Target clients; promote all Group products and services to Coverage  Strategic and Target clients and key Group clients (corporates, financial institutions, investment funds and family holding companies) and defines commercial strategies in collaboration with GBIS’s other business lines (GLBA and MARK), GBIS’s Regional Divisions (AMER, ASIA, CEMA and EURO) and the Group’s Core Divisions (French Retail Banking and IBFS) 

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.

Reference: 21000BT6
Entity: Societe Generale Hong Kong Branch
Starting date: immediate
Publication date: 2021/06/02
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