Financial Crime Compliance Officer

 London - Great Britain       Permanent contract        Legal / Taxation / Compliance


Description of the Business Line or Department

Mission Statement of GBS Compliance:

To enhance and maintain a robust compliance framework, in partnership with all stakeholders, to execute the firm’s strategy in accordance with its risk appetite, regulatory expectations and industry best practices.

In order to achieve its mission statement, GBS Compliance activities are centred around five key objectives, in support of senior management, business lines and resource functions, where the business lines have first level accountability and responsibility, and where GBS Compliance’s responsibility is with respect to compliance, reputational and conduct risk matters. These five key objectives are as follows:

  • Providing advice and policy development

  • Facilitating knowledge and awareness

  • Undertaking monitoring and surveillance activities

  • Performing risk assessment, review and control activities

  • Managing the relations with regulators

Summary of the key purposes of the role

The Financial Crime Unit (‘FCU’) is part of the wider Compliance function. It is responsible for providing advice and guidance to business management for the SG investment banking business in London (SG London Branch, SG International Ltd, Lyxor Asset Management UK LLP and Descartes Trading SA – collectively “SG London”) on the financial crime’s risks faced by their business and providing an oversight function on the effectiveness of mitigation controls and processes.

The key purposes of the role is to assist with the implementation and management of the anti-financial crime strategy within the UK covering anti-money laundering, terrorist financing, bribery and corruption and economic sanctions;

Summary of responsibilities 

  • Provide clear, timely and argued advice on financial crime risk areas to the first line of defence across SGLB

  • Approving high risk accounts referred by the KYC team to the Financial Crime Unit (FCU), analysing the completed due diligence and, were appropriate, undertaking additional desktop research, devising conclusions and presenting complex findings to the relevant senior management function;

  • Ensuring that AML and KYC policies comply with UK requirements within SG London and liaising with SGUK AML functions to ensure consistency.  In addition, to liaise with the SG Group Compliance function in Paris in respect of these policies;

  • Developing, implementing and managing the anti-money laundering strategy within SG London covering anti-money laundering, terrorist financing, bribery and corruption.  To liaise with SG Group Compliance in Paris in respect of that strategy;

  • Providing advice, direction and training to the KYC department;

  • Overseeing and, where appropriate, undertaking, the internal investigation of issues and suspicious activity referrals which may have money laundering implications;

  • Overseeing the processes associated with AML investigations, follow-up of recommendations arising from investigations, and maintaining an up to date log of the status of investigations;

  • Submitting reports to NCA and FCA, as required, and management of the follow-up process, to ensure that the responses from such external agencies is appropriately applied, maintaining all associated records in accordance with legal and regulatory requirements;

  • Maintaining a detailed working knowledge of the FCA rules and regulations, and UK AML, ABC and embargo and sanctions related legislation, and a broad awareness of AMF, ACPR and other regulatory and exchange rules and regulations as required;

  • Uphold the 11 FCA Principles for Business and the 7 Statements of Principle for Senior Managers in order to promote a culture of compliance and treating customers fairly within SG London; and

  • Management of the proactive participation in the maintenance of the risk cartography, ensuring that the inherent regulatory risks posed by business activity are determined, the mitigating factors assessed to determine the residual risk and the actions required to further mitigate, or reduce, the regulatory risk.

Level of Autonomy and Authority

Role involves acting with initiative and autonomy, where appropriate, ensuring proactive upward reporting of relevant issues, as well as seeking Group guidance and advice as required.

Profile Required


  • Knowledge of corporate and investment banking product / services and an understanding of the associated financial crime risks

  • Operational Skills

  • Regulatory Skills

  • Communication Skills

  • Adaptability

  • Ability to make decisions

  • Ability to Work Under Pressure

  • Analytical Skills

  • Initiative

  • Leadership Qualities

  • Teamwork

  • In-depth working knowledge of FCA and other regulatory rules

  • In-depth working knowledge of financial crime related legislation

  • Knowledge of EU directives relating to financial services, as well as broad knowledge of AMF and ACPR rules

Why Join Us

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 Societe Generale, 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 reassignment

Business Insight

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

All our positions are open to people with disabilities

Job code: 19000R07
Business unit: SG CIB
Starting date: 02/12/2019
Date of publication: 22/10/2019
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Financial Crime Compliance Officer

Permanent contract   |   London - Great Britain   |   Legal / Taxation / Compliance