FIC Compliance Manager

Permanent contract|Hong Kong|Compliance

FIC Compliance Manager

Hong Kong, Hong Kong Permanent contract Compliance


Vice President, Fixed Income supports the Global Markets (MARK) Fixed Income Sales and Trading division, Engineering and Treasury divisions and advise on their businesses including structured products.

Primary responsibilities are to ensure that appropriate compliance arrangements and processes with respect to the business line are in place, that they are operational and robust, that the compliance team is able to provide effective and timely advice to business and compliance management, to partner effectively with other control and support functions as necessary and to play a full part in the management of regulatory and reputational risks arising from the business line in Asia. Main responsibilities can include: 
•    Establish and maintain a constructive, open relationship and dialogue with business, proactively promoting Compliance in front of the business, support functions and other control functions, whilst always maintaining an independence of viewpoint 
•    Advise and alert business 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
•    Partner efficiently with other areas of Compliance and other support and control functions
•    Take responsibility for the advice given concerning compliance and regulatory risks arising from the introduction of new products and ensure appropriate contribution from Compliance to relevant new product approval processes
•    Contribute to the production and maintenance of the risk cartography of regulatory risks connected to the business line produced by Capital Market Surveillance and Risk Assessment, Monitoring and Testing Function, ensuring that the inherent regulatory risks posed by business activity are identified, along with the mitigating factors assessed to determine the residual risk and suitable actions required to further mitigate, or reduce, the regulatory risk
•    Animate regular meetings with business management involving other functions within Compliance as necessary to alert the business leadership to key regulatory and reputational risks, alerts arising from monitoring and other control activity undertaken by Compliance and forthcoming changes to regulation in Asia which may impact the business
•    Develop and deliver appropriate regulatory training for the business line using classroom or e-training
•    Maintain an awareness of all contact with regulators in Asia relevant to or specific to the business line 
•    Manage timely and accurate responses to regulatory inquiries relevant to the business line, liaising with the business and other control and support functions to obtain information as required, e.g. advise ad hoc sale and trading enquiry and related transactions, review marketing materials and other documentations, etc. 
•    Participate in compliance projects relevant to the business line and other projects as required by Compliance management.
•    Escalate regulatory and reputational issues and risks in a proactive and timely manner to reporting manager
•    Maintain a strong working knowledge of the regulatory and exchange rules and regulations applicable to the business line globally
•    Develop personally an understanding of current market practices relating to the operations of the business line and related compliance policies and practices, by developing relationships with compliance colleagues in other firms as well as by engagement with audit, consulting and legal firms with relevant knowledge and experience and with trade associations and other industry bodies

Profile required

•    Necessary to understand the sales and trading activities of SG Front Officers and SG Clients. The candidate must have a very good knowledge of Fixed Income including FX, Credit and Rates as well as structured products and its distribution
•    Seating on the trading floor. The candidate must be very vigilant on delivering quality analysis in a timely manner and respond the Front Office with a clear answer in a real time basis based on the regulatory requirements and market practice
•    Besides the daily advisory, MARK/FIC also manages a launch of different new products/system and regional/global projects, etc. 
•    The candidate must have a very good knowledge of rules and market practice as well as working in details to mitigate the potential risks
•    The candidate will operate within a multi-jurisdiction platform and deal with colleagues from diverse backgrounds and cultures as well as from different teams. Good adaptability and willing to learn is a must to the candidate
•    The candidate must be fluent in English as communications inside and outside the Compliance Department are essentially in English. Liaising with Front Office staff being an important part of the job, the candidate must be very clear in his/her requests
•    The candidate will be entrusted with projects and tasks of his/her own and his/her manager will expect to receive very clear and concise feedbacks on the work progress
•    Fluent English is mandatory

Business insight

Company Description
Societe Generale is one of the leading European financial services groups. Founded in 1864, we have been playing a vital role in the economy for over 150 years. With more than 148,000 employees based in 76 countries worldwide, we accompany 32 million clients throughout the world on a daily basis. Based on a diversified universal banking model, the Group combines financial strength with a strategy of sustainable growth.

ASIA-PACIFIC (ASIA), as one of the Business Units of Societe Generale, operates in 12 locations across the Asia Pacific region, employing over 2,500 employees with the regional headquarter located in Hong Kong. Our activities here are centered on Societe Generale's Global Banking & Investor Solutions pole (GBIS), a major growth engine for the Group and a key pillar of Societe Generale's universal banking model. Our expertise in Asia Pacific ranges from Corporate & Investment Banking (Advisory, Financing and Global Markets) to Asset Management, Global Transaction Banking and specialised financial services like Equipment & Vendor Finance and Vehicle Leasing & Fleet Management. In addition, Societe Generale's Global Solution Centre (SGGSC) in Bangalore and Chennai offers customised business solutions to the Societe Generale Group globally including ASIA

Department Description

APAC Compliance maintains a local presence in Australia, China, Hong Kong, India, Japan, Korea, Singapore, Taiwan and Thailand (130+ staff in total). The allocation of resources in the region is proportionate to company staffing, size of business activities and local regulatory constraints. Our primary focus is to support GBIS activities (MARK – Fixed Income).

Hong Kong is the regional business and Compliance hub. The department is approx. 70+ staff and split into 6 areas of expertise.
- Advisory (ADV)
- Governance & Regulatory Liaison (REG)
- Capital Markets Surveillance (CMS)
- Compliance Testing LOD2, Reviews, Risk Assessment (CTL)
- Financial Crime Unit (FCU)
- Control Room (CIB)

In other countries, we have multi-disciplinary compliance teams covering all functions.

The candidate will be a member of the Hong Kong Advisory Compliance team covering Fixed Income and he/she will be primarily reporting to the Head of Fixed Income based in Hong Kong. The candidate will have to work closely with other teams of the Compliance Department.

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, sexual or 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: 21000ODX
Entity: Societe Generale Hong Kong Branch
Starting date: immediate
Publication date: 2021/09/21