Compliance Officer, Control Room, Associate

Description of the Business Line or Department 

Mission Statement of CPLE:

 Build a Compliance Division recognized as a trusted, efficient, and independent partner enabling a sustainable business development for the Group

The Group Compliance Service Unit (CPLE) is responsible for the definition and consistency of the compliance risk prevention and control system, and for coordinating the framework aimed at preventing, identifying, assessing and controlling reputational risk across the entire Group.

In conjunction with the Business Units and other Service Units (BU/SUs), CPLE performs the following tasks with respect to compliance risk:

·      defining and implementing the overall normative framework of the Compliance service and monitors its implementation;

·      defining procedures and implementing a framework to ensure compliance with respect to compliance risks;

·      awareness-raising among Group employees regarding compliance risk and the strengthening of the compliance culture within the Group;

·      mapping and analysing Group compliance risk and general vigilance regarding issues likely to harm the Group's reputation or that of one of its activities;

·      performing the second-level control and supervision of the framework, including independently assessing compliance risk management within the entities/activities with a major impact on the Group's risk profile, and individually with respect to regulated employees, in compliance with the applicable regulations;

·      monitoring relations with supervisory and regulatory authorities, and representing the Societe Generale Group to these authorities, not including supervisory and regulatory authorities where the Legal function (SEGL/JUR) organises and coordinates the monitoring of these relations, in particular the Autorite de Controle Prudentiel et de Resolution (ACPR) and the European Central bank (ECB);

·      consolidating and monitoring significant compliance events in the entities

Summary of the key purposes of the role

To achieve its mission statement, CPLE/WSB/SUR activities are centred around five key objectives, in support of senior management, business lines and resource functions, where the business lines have first level accountability and responsibility, and where CPLE/WSB/SUR’s responsibility is with respect to compliance, reputational and conduct risk matters. These five key objectives are as follows:

·       Providing advice and policy development

·       Facilitating knowledge and awareness

·       Undertaking monitoring and surveillance activities

·       Performing risk assessment, review and control activities

·       Managing the relations with regulators 

The Control Room is part of the CPLE Regulatory Surveillance department under the responsibility of the Global Head of Control Room (CPLE/WSB/SUR). CPLE/WSB/SUR has three main functions:

·       Global Control Room (GCR): Transactional & Personal Conflicts of Interest and management of the firm Watch & Restricted Lists

·       CMS: Monitoring & Surveillance of bank trading activity and electronic communication surveillance.

·       SSD: Monitoring of positions and trade collection, Central reporting, Regulatory watch of disclosures rules

CPLE/GCR has four main functions:

·       Recording and conflict clearance of proposed Private Side transactions, inc., management of Watch & Restricted Lists

·       Management of all Control Room frameworks, including the associated control frameworks:

-        Handling Price Sensitive Information including oversight for the GILT and Wall Crossing frameworks

-        Personal Account Dealing (PAD)

-        Personal Conflicts of Interest (MPC – Outside Business Activities & Close Personal Relationships)

-        sharing of confidential and Inside Information, the, clearance of Research, and the associated control frameworks.

·       Advisory for Private side business (Global Finance-Corporate Banking): including advising on deal related matters and regulatory issues, ensuring compliance with policies and procedures, training and management of reputational risks.

·       SSD: Monitoring of positions and trade reporting, Regulatory watch of disclosures rules

A Compliance Control Room officer provides proactive support to the Control Room activities within Control Room team:

-        Ensuring appropriate identification, management and resolution of Conflicts of Interest arising from the investment banking, relationship and research business line

•        Providing and ensuring that the team provides timely advice on internal policies regarding Conflicts of Interest, Information Barriers and other Control Room frameworks as described below within the remit of the EMEA Control Room team

Summary of responsibilities

1. Ensure that appropriate Conflicts checks are undertaken ahead of new deals from Private side business lines. To capture and record, where required, conflicts in the conflicts management system and to make the appropriate and prompt notification of the results of the conflicts checks to the relevant business lines once the conflict checks are completed. 

2. Ensure that any conflicts of interest arising from Private Side activities are dealt with timely in accordance with the Conflicts of Interest Policy and are proactively reported, as appropriate, to the relevant business manager(s) and/or to the relevant IB advisor within the Global Investment Banking Compliance team. 

3. Maintain the Watch, Restricted and Insider Lists and associated processes pursuant to legal, regulatory and/or policy considerations.

4. Provide timely and appropriate advice to staff for all Control Room Policies and Procedures where required.

5. Clear Investment Research against the Watch & Restricted Lists to ensure compliance with legal and regulatory obligations and maintain the input of conflicts of interest data into Investment Research systems, including for regulatory disclosures.

6. Support the Personal Account Dealing (PAD) framework, approving requests of SG London Branch staff as required per the Personal Investment Policy in the UK and EMEA.

7. Support the Outside Business Activity (OBA) framework, approving requests of SG London Branch staff as required per the Managing Personal Conflicts (MPC) Policy in the UK.

8. Maintain Information Barrier and Wall Crossing procedures and ensure that Wall Crossing requests are actively and promptly challenged, recorded & managed.

9. Support the Global Insider List Tool (GILT) framework by challenging and validating GILT requests promptly and responding to MIM/CAST Alerts in a timely manner.

10. Support the UK CR Control Framework by completing controls promptly and promptly escalating any concerns regarding results and/or the effectiveness of the control(s).

11.  Complete your eLearning in a timely manner.

12. Assist with the delivery of training to the business lines and other members of Compliance on CR process related topics, 

13. Handle and ensure the recording of breaches arising related to CR processes and escalate as appropriate.

14. To assist the team in charge of threshold disclosure to ensure that the appropriate shareholder positions and trades regulatory disclosures are made timely in the UK under the Companies Act and the Takeover Code. 

15. To liaise proactively with the GCR in other locations, ensuring consistent and coordinated approach to the GCR framework, working on reinforced harmonisation of best practices and translation of regulatory development onto GCR processes.

16. To proactively support the GCR re-engineering Programme and the continuous improvement of GCR Systems (COSMOS and GILT primarily), including support to the GCR management in the delivery of other strategic projects as required.

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.

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.