Compliance Officer - Regulation and Policy, Associate

Permanent contract|London|Compliance

Compliance Officer - Regulation and Policy, Associate

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 functional remit of the Regulation and Policy (RAP) team is UK Wholesale Banking.  It is based in London and comprises a strong collaborative model with equivalent teams in the Bank’s Wholesale Banking regions (AMER, ASIA, EMEA), Group Compliance, as well as UK Legal, UK Governance & Conduct and Group Secretariat colleagues.

The RAP team’s UK Wholesale Banking scope encompasses Societe Generale London Branch (SGLB) and any other in-scope entities supported by the RAP team (currently Societe Generale International Limited (SGIL)).  The team also works closely with Kleinwort Hambros (KH) stakeholders on transversal Compliance matters.

The key objectives of the role are to:

  • Maintain a clear understanding of the UK regulatory obligations relevant to UK Wholesale Banking Compliance and the impacts of these upon the Bank’s Business and Service Units. Actively contribute to the Compliance frameworks in place to fulfil the Bank’s regulatory obligations, particularly in relation to Compliance policies and corresponding regulatory developments.
  • Contribute to the RAP team’s project, policy adoption and training initiatives and in addition, maintain a working understanding of wider Group Compliance and Wholesale Banking Compliance normative documentation obligations and processes.
  • Support the Head of Regulation and Policy with governance and regulatory framework deliverables.

Summary of responsibilities

  • Supporting the RAP team’s annual RAP Training Roadmap deliverables covering Client Protection, Conduct and  Accountability topics, in alignment with the UK Wholesale Banking Compliance Annual Policy Roadmap and ongoing UK regulatory developments.  Providing quarterly updates on the progression of Training Roadmap commitments. 
  • Contributing to the RAP team’s daily horizon scanning for regulatory developments of relevance to UK Wholesale Banking Compliance and determining potential impacts on Business and Service Units.  Supporting the development of reports on the implementation of material regulatory developments, for presentation in quarterly UK and global Compliance Regulatory Development Review forums.
  • Working with the Head of Regulation and Policy, to the maintain the UK regulatory taxonomies and accountability mappings relating to the “Responsibility for the firm’s compliance with the UK regulatory system (PR FF)”, in the context of the Senior Managers and Certification Regime (SMCR), and aligning this with Compliance policies.
  • Supporting the Head of Regulation and Policy with regulatory oversight activities, including in relation to SGLB’s regulatory permissions, fees & levies, UK/EU regulatory divergence, regulatory projects, Group-level regulatory obligations, as well as annual CEO attestation requirements in the context of SMCR deliverables specific to Compliance.
  • Where necessary, conducting deep dive assessments in relation to material regulatory developments (including notable enforcement actions against peer firms) and appropriately communicating their impacts and associated risks.  Engaging with Business/Service Unit Compliance Advisors and Legal to determine specific impacts on the Bank’s business models, operational processes, policies and control frameworks, as well as to support any implementations.
  • Providing complete and accurate quarterly contributions to the Compliance Conduct Risk Dashboard in relation to management information on Compliance Induction training delivery, Compliance policy drafting, review and validation governance arrangements, and regulatory development action points; for presentation to the SGLB Compliance Management Committee.
  • Making good use of learning opportunities from law firm and industry forums/seminars.  Maintaining a clear understanding of other Compliance coverage areas, as well as the products and services associated with the Bank’s Business and Service Units. Capitalising on this knowledge to increase regulatory interpretation capabilities and optimise the delivery of BAU activities.
  • Remaining attuned to the delivery of the RAP team’s UK Wholesale Banking Compliance Regulatory Development and Policy Management mandates, to allow for suitable coverage during leaves of absence.

Profile required

Competencies 

  • A firm understanding of UK financial regulation (and specifically PRA & FCA regulatory frameworks), with proven exposure to Wholesale Banking.
  • Demonstrable interest and experience in regulatory oversight.
  • An ability to conduct research-style work in analysing regulatory requirements, as demonstrated through prior experience.
  • A self-motivated team-player with a strong work ethic.
  • The ability to deliver to high standards, take responsibility and be accountable for his / her own actions.
  • Proven technical ability to analyse raw data and utilise this to produce sophisticated reports for senior management.
  • Project management capabilities; planning work, meeting deadlines, multi-tasking and excellent organizational skills.
  • Excellent communication and presentation skills (both oral and written) with keen attention to detail, whilst being flexible and adaptable in approach.
  • Ability to appropriately prioritise tasks and to escalate issues or concerns in a timely manner.
  • Legal training or a professional qualification in Compliance, Finance or Accounting will also be of benefit.

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: 22000UVJ
Entity: SG CIB
Starting date: 2023/01/03
Publication date: 2022/11/11
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