Compliance Officer

Permanent contract|Dublin|Compliance

Compliance Officer

Dublin, Ireland Permanent contract Compliance

Responsibilities

Description of the Business Line or Department

SG Group is organised in Business units and Service Units.

Société Générale Securities Services (SGSS) is a Business Unit. Established in 27 locations worldwide with 4,000 employees, SGSS provides a full range of securities services that are adapted to the latest financial markets and regulatory trends: custody and trustee services, fund administration and asset servicing, fund distribution, clearing services, retail custody services, global issuer services and liquidity management.

As an independent Service Unit, the Compliance department is responsible for 2 entities in Dublin: SGSS Ireland and SG Dublin Branch, so the Compliance Officer will liaise with management and staff of these entities as well as co-ordination with the central Compliance teams in Paris.

Summary of the key purposes of the role

Reporting to the Head of Compliance, the Compliance Officer is responsible for Compliance matters on Anti-Money Laundering (AML), Corruption, Sanctions & Embargoes, Suspicious Transactions, CBI relationship, etc. and for some Know your customer (KYC) duties.

They will gain an understanding of the day-to-day requirements within the Compliance area and have the opportunity to liaise with internal clients and central departments. As the candidate progresses, they will have the opportunity to become involved in more subjects and further develop their knowledge and experience.

Summary of responsibilities

  • Make sure that SG Dublin entities are compliant with SG Group procedures (on Corruption, AML, alerts, KYC, new product committee. Sanctions and embargoes, etc)
  • Analyse, interpret and implement existing and new local laws and regulations (e.g. Criminal Justice Act, Data protection, Sanctions & Embargoes, Volcker, FATCA, CRS…), monitor changes to business practices and advise line management of relevant implications.   
  • Review local Compliance Procedures
  • Staff training on compliance subjects such as AML, KYC, Suspicious Transactions, etc.
  • Advice and guidance to management and staff regarding AML/KYC Matter, internal procedures and the interpretation of and adherence to relevant legislation and regulation.
  • Participation to Monthly Compliance controls (GPS & RCI) for SGSS entities in Ireland (second line of defence) in coordination with the team
  • Participation to Compliance reporting to central departments and to the French & Irish regulators as required in coordination with the team
  • Participation to Level 2 analysis of Transactions, AML & Sanctions/Embargoes alerts in coordination with the team
  • In charge of the Compliance Risk Assessment (COMPASS).

The COMPASS risk assessment is a regulatory and group exercise, fully mandatory according to Regulators. The objective is to identify our business compliance risk exposure (on financial crime and non-financial crime topics) and manage its vulnerabilities at local level, Business Unit level and Group level. COMPASS focuses on:

- assessing the Inherent Risks presented by the entities business activities

- and evaluating the Risk Mitigation in place to cover those inherent Risks

- to determine the Residual Risk

- and to identify action plans to strengthen mitigation of Inherent and Residual Risks

  • Participation to the Compliance Testing (Quality Assurance Testing).

The Compliance testing programme testing aim to ensure that the Company complies with its regulatory obligations and its procedures

  • Validation of some KYC files (on direct & Indirect clients) – mainly risky & complex files
  • Ad-hoc Projects/Requests

Profile required

Competencies 

  • Financial / Compliance Background, Knowledge of Financial Services and Compliance
  • The candidate will have more than 3-year experience in Compliance/AML/KYC/ABC
  • Fluent English; knowledge of French language a key advantage
  • Self-starter and ability to work independently
  • Good initiative required but also ability to recognise when escalation of issues needs to be taken.
  • Ability to work in a team environment and coordinate within the team environment
  • Communication skills both written and oral
  • Ability to manage multiple projects simultaneously under time pressure and with extreme accuracy
  • Ability to prioritise and meet deadlines
  • Attention to detail a critical requirement
  • Master of Microsoft office applications
  • Good administrative & organisational skills

Why join us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Business insight

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender identity.

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, 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: 22000ILD
Entity: SG CIB
Starting date: 2022/08/15
Publication date: 2022/06/22
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