FCM Derivatives Compliance Officer

Permanent contract|Chicago|Compliance

FCM Derivatives Compliance Officer

  • Chicago, United States
  • Permanent contract
  • Compliance

Responsibilities

  • Manage regulatory inquiry and/or external examination process: monitor inquiries and information requests, assign regulatory inquiries/request to compliance staff, review and analyze requests for potential compliance breaches/issues, communicate with relevant stakeholders, retrieve responsive documents, draft the Firm’s responses, escalate compliance breaches, and manage compliance remediation relating to issues of non-compliance.
  • Work closely and coordinate as appropriate with Legal, AML, and/or Business Lines pertaining to regulatory matters that arise from inquiries and examinations.
  • Develop and assist in the training of Firm staff in relation to derivatives regulations, advisories, and hot topics focusing particularly on weaknesses or risk identified by the Compliance Program.
  • Conduct reviews and internal investigations of various derivative trading desks to ensure compliance with regulatory rules and internal policies, focusing on both trading and operational processes.
  • Represent the Department at internal and external meetings with regulators and others including a variety of committee meetings.
  • Actively participate in Firm’s Regulatory Change Program.  Evaluate impact to applicable business areas resulting from changing or new exchange and regulatory rules.  Coordinate with applicable Departments to implement operational or policy changes as needed. 

Profile required

DIVISION DESCRIPTION: 
The Compliance department acts as Second Line of Defense of the corporate banking, investment banking and broker–dealer activities across Societe Generale’s operations, reporting on the compliance risks and issues to local, regional, and head office management. The staff provide the business lines with guidance on relevant laws, rules, and regulations applicable to their activities and the development of related policies, procedures, training, and controls. The department oversees compliance with external and internal rules that govern our banking and financial activities including Know Your Customer, anti-money laundering, anti-terrorism financing, sanctions & embargoes, client protection, market integrity, anti-bribery & corruption, and data protection.

Additionally, it provides trade and communications surveillance, and manages transversal support functions that help the department achieve its goals. The FCM Compliance team manages all regulatory requests from various different derivative exchanges.  In addition, the team will manage the annual CME DSRO Exam requests to ensure timely responses.

SKILLS AND QUALIFICATIONS:
Must Have:

  • 2 to 7 years of relevant experience
  • Direct experience with exchange and regulatory rules
  • Experience with NFA or CME DSRO examinations. 
  • Ability to advise trading desk on specific. complex trade practice rules 
  • Experience with CFTC customer protection pules and practices
  • Knowledge of various industry regulatory bodies (FINRA, CFTC, NFA, CME, etc.) and their respective responsibilities 
  • Ability to properly communicate the Firm’s operating procedures and processes to regulatory bodies and examiners.
  • Analytical capability: Able to break down complex problems into simple manageable units, develops solutions for each unit, and integrates them back into the whole.  Can absorb ideas quickly and apply then pragmatically.
  • Strong interpersonal effectiveness: self-aware of own behavior and work style, as well as tolerant of different needs and viewpoints. Demonstrates interest in others’ opinions and shows consideration, concern and respect for other people feelings
  • Communication Skills: excellent verbal, writing and presentation skills with the ability to interact with stakeholders at all levels within the organization and be able to relay complex technical concept to non-technical audience
  • Leadership: create an inspiring vision, set direction, and motivate others to follow that direction and reach that vision

Business insight

OUR CULTURE: 
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.
For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)
D&I: 
Our Diversity & Inclusion Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our Diversity & Inclusion Vision: 
•     Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
•     Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents 
•     Engage our community and marketplace, and position the organization to meet the needs of all its clients

For more information about our D&I initiatives, please visit this link (https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/)

HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

Societe Generale is an equal opportunity employer, and we are proud to make diversity a strength for our company. We are committed to recognizing and promoting the talents and achievements of our employees and staff, regardless of race, religion, color, national origin, sex, disability, age, gender, sexual orientation, and any other characteristic or status protected under applicable law.

Reference: 24000FA2
Entity: SG Americas Securities
Starting date: 2024/08/26
Publication date: 2024/06/03
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