Compliance Officer - Equity & Derivatives Advisory

Permanent contract|London|Compliance

Compliance Officer - Equity & Derivatives Advisory

London, United Kingdom Permanent contract Compliance

Responsibilities

Description of the Business Line or Department

The 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.

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

The main responsibilities include:

  • Provision of pro-active regulatory advice and training to the Cash Equity and Execution (CEE) business activities within the EQD Business Line. This includes all aspects of cash  - Trading (electronic/algorithmic, Portfolio, ETFs), Sales Trading and Sales advisory. This includes exchange rules and regulations, regulatory requirements and new business initiatives (new markets, new products, change in processes, etc) – the regulatory advice is a strong component of this function.
  • Advise and alert business leaders on key compliance and regulatory risks affecting their business areas, offering practical, timely solutions adapted to the business context to address and mitigate these risks as well as assisting business lines in the implementation of appropriate risk management solutions.
  • Identify potential areas of compliance vulnerability and risk; develop/implement corrective action plans for resolution of problematic issues; and draft, update and implement compliance procedures and guidance as necessary to avoid or deal with similar situations in the future. Leverage on and coordinate with other departments as necessary (such as the operational risk department) to achieve this objective.

Summary of responsibilities

Compliance Advisory

The main tasks relating to compliance advisory tasks include: 

  • Proactively maintain relationships and open communication with, and actively promote Compliance with EQD business lines and other control functions, providing support where necessary to address compliance requirements at in a timely manner.
  • Proactively maintain the compliance risk framework, ensuring that the inherent regulatory risks posed by business activity are determined, the mitigating factors are considered, and further mitigants are implemented to negate the residual risk.
  • Liaise with Compliance staff in Paris, New York and Asia as required, and provide guidance to compliance colleagues on the interpretation of the FCA and EU regulatory regimes and the UK/EU based Exchange rulebooks which apply to staff based overseas who actively trade in UK/EU markets.
  • Active engagement and liaise with the Compliance Monitoring Team responsible for day-to-day transaction monitoring in relation to exchange enquiries and periodic Compliance Risk desk-based reviews of the EQD Business Lines, ensuring appropriate support and guidance in the development of product knowledge within the Compliance Monitoring Team, and assisting the Monitoring Team with Desk Reviews and completion of enquiries arising from the routine monitoring.
  • Liaise with the Regulation and Policy team in respect of applicable new regulation and their impact on the EQD Business Lines.
  • Develop and deliver appropriate regulatory training for the business line using face-to-face, one-to-one and classroom methodologies, as appropriate.
  • Advising on compliance and regulatory aspects of new products and participate in New Products Committee.
  • Actively participate in investigations into incidents arising within the business lines that are the focus of the team. Participation in the investigation of, and response to complaints arising concerning issues within the business line. Ensure timely and accurate responses to regulatory enquiries and liaise with internal groups to obtain information.
  • Participate in the impact analysis of regulatory/exchange consultation documents with Compliance and Legal, communication of requirements to business line management as required, and ensuring the implementation of any developments arising within the business lines.
  • Ensuring timely and accurate responses to regulatory and exchange enquiries and liaising with internal groups to obtain information, as well as production of appropriate Management Information.
  • Interaction with the Registrations team to assist in the certification process for business line staff, where required.
  • Actively participate in the advisory team's involvement in Compliance Projects, to support the co-ordination and management of projects by the Global Head of EQD Advisory and Head of Central Compliance (or a delegate).
  • Proactive and timely escalation of issues to the Head of Compliance and Global Head of EQD Advisory, as necessary, ensuring regular and frequent communication on such issues.
  • Involvement in the delivery of items in the annual Compliance Plan, as determined by Compliance Management, which are relevant to the coverage of the team, in a timely manner.
  • Maintaining a detailed working knowledge of the FCA regulations and exchange rules and a broad awareness of other regulatory and exchange requirements as necessary.
  • Attendance at fora, and participation in initiatives driven forward by, trade associations and other industry bodies, ensuring that SG's views on regulatory developments which could impact on its business in the UK are provided as part of any consultation initiatives.
  • Reviewing marketing materials to ensure that they comply with internal policies and that they are clear, fair and not misleading.
  • Performance of Permanent Supervision Controls as allocated to EQD Compliance Advisory.

Profile required

Competencies 

  • Significant experience in Financial Markets - knowledge of derivatives products and capital markets activities is essential
  • At least 3+ years compliance advisory experience for capital market activity, or significant experience in a regulatory change or regulatory watch role within Legal or Compliance
  • Strong and detailed knowledge of FCA and European regulatory requirements
  • Having a critical eye and an analytical mind is essential
  • High capacity to adapt constantly
  • Excellent communication skills, both written and verbal, confident when interacting with employees at all levels
  • Able to work in autonomy and in a proactive manner
  • Self-motivated with strong work ethic & desire to deliver to high standards
  • Team player
  • Project management capability; planning work, meeting deadlines, multi-tasking, excellent 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: 22000PV3
Entity: SG CIB
Starting date: 2022/12/12
Publication date: 2022/09/27
Share