Compliance Trainee

Trainee|London|Others

Compliance Trainee

London, United Kingdom Trainee Others

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.

Within UK Wholesale Banking Compliance (CPLE/LDN), the Senior Managers and Certification Regime Advisory and Compliance Team (SMC) sits within the Central Compliance perimeter.  Central Compliance also comprises the UK Wholesale Banking Regulation and Policy team and the UK Wholesale Banking Compliance Business Management Office (BMO).

SMC’s mission is to provide advice, training, and support to Societe Generale London Branch (SGLB) and Societe Generale International Limited (SGIL) on the application of the Senior Managers and Certification Regime (SMCR) within SGLB and SGIL and any changes in SMCR requirements and/or evolution in regulatory expectations and their impacts on the SGLB and SGIL SMCR compliance models.

The team manages the regulatory approval and certification requirements for UK staff or non-UK staff acting in a regulated capacity in the UK.

Summary of the key purposes of the role

  • Support the SMC team by carrying out the day-to-day SMC processes.
  • Ensure data integrity by maintaining accurate records of employee Certifications ensuring that records (including the Staff Registrations Tool and electronic folders) are kept up to date at all times and assisting with related reconciliations.
  • Provide support as required in ensuring an effective ongoing SMCR Compliance model.

Support the SMC team by carrying out the day to day SMC processes

  • Communicate clearly and effectively to manage relationships with key stakeholders including HR, Business Correspondents (BMOs), Managers and external training providers during the FCA Registration/Certification process.
  • Process staff FCA Certifications in a timely manner in line with regulatory timelines.
  • Process staff withdrawals in a timely manner.
  • Assist with ensuring that individuals are appropriately trained prior to their certification or to maintain their certification to ensure they have the required level of competency in order for SG to be able to satisfy regulatory requirements.
  • Assist with preparing submissions for SMF approvals.
  • Assist with gathering information and responding to regulatory queries on specific cases.
  • Update the FCA Connect system to report regulated persons to the FCA Register and Directory.
  • Assist the team by attending regular meeting with BMOs to inform them on progress and any issues with certifications and by keeping permanent members of the team informed of any issues raised by the BMOs.
  • Provide support on the annual certification campaign.

Ensure data integrity

  • Ensure the Staff Registration Tool is updated in line with the requirements of the FCA Directory.
  • Prepare relevant Management Information to allow management visibility on the functioning of the regulatory approval and certifications processes.
  • Prepare related controls and remediate anomalies identified as part of the regular control processes.

Support in ensuring an effective ongoing SMCR compliance model

  • Assist the team in producing and maintaining normative documentation.
  • Assist the SMC team members with any ad hoc or other tasks requested in relation to ensuring ongoing SMCR compliance.
  • Suggest process improvements based on day to day operational experience of the SGLB and SGIL SMCR compliance models.

Internal/external contacts

  • Business Line management and staff.
  • Management of SG London Branch and Societe Generale International Limited
  • SG Group Compliance; HR; Legal.
  • External training providers.
  • Wholesale Banking Compliance officers worldwide.

Profile required

Competencies

  • A sound appreciation of legal regulatory & industry requirements
  • Excellent communication skills (both oral and written)
  • Enthusiastic and highly motivated
  • High attention to detail
  • Ability to manage confidential information
  • Flexible and adaptable
  • Able to work under pressure
  • Analytical and operational skills
  • Mature and professional approach to work
  • Proactive and able to show initiative where appropriate
  • Inquisitive
  • Team worker
  • French language skills would be an advantage

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: 2100124E
Entity: SG CIB
Starting date: 2022/02/21
Publication date: 2022/01/06
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