Internship - Regulatory Developments

Internship|New York|Risks

Internship - Regulatory Developments

New York, United States Internship Risks

Responsibilities

MAIN ACCOUNTABILITIES

Day to day responsibilities include but not limited to:

  • Updating the DFA Rules Inventory with recent regulatory developments, as well as the DFA Swap Dealer (“SD”) No-Action Letter Tracker and the DFA Regulatory Milestones Log. Conduct meetings on updates to DFA Rules Inventory and DFA Regulatory Milestones Log with wider DFA CPLE team as necessary.  Monitor CFTC, NFA, SEC, and other USPR news pages for relevant regulatory developments.  Compile primary and secondary source material for US Head of DFA CPLE on such developments as necessary.   
  • Setting up conference calls, drafting agendas for meetings and drafting and circulating minutes of meetings on a variety of topics relating to DFA.  
  • Drafting policies, procedures, memos, presentations and other documents relating to DFA for use with stakeholders. 
  • Assisting on implementation of the security-based swap dealer (“SBSD”), security-based swaps (“SBS”) as Securities and FINRA SBS Rules, including updating the SG US Compliance Policies as required and attending working industry group calls on relevant subjects. 
  • Assisting in implementing the NFA’s SD rules relating to marketing materials and third-party vendors. 
  • Assisting in implementing SEC Regulation BI and the DOL’s Fiduciary Rule including updating SG US Compliance Policies, participating in the Reg BI working groups and listening to relevant SIFMA industry calls on Reg BI and the DOL Fiduciary Rule.
  • Assisting in the day-to-day BAU tasks and controls of the DFA Compliance Team.  Assist the Heads of DFA CPLE in the US and EMEA as required.  Participate in DFA CPLE Team Meetings. 
  • Assisting in responding to regulatory inquiries and requests for information relating to SG’s DFA business activities. 
  • Providing updates in BWISE for DFA-related matters and participate in SG US Regulatory Change Committee (“RCC”) meetings and related tasks.  Assist in compiling and distributing the Weekly RCC Updates.   
  • Assisting the SG US Regulatory Change, Training, Rules Inventory and Policies Teams with administrative and other related tasks, such as BWISE workflow management, updating and publishing policies, procedures, alerts and memos, and assisting in drafting of weekly newsletter on regulatory developments, industry news and enforcement actions for relevant stakeholders. 
  • Having weekly meetings with the US Head of DFA CPLE to discuss new and ongoing projects.

Profile required

COMPETENCIES

  • Strong writing and research skills
  • Must be able to work with various teams in a professional environment
  • Self-starter with excellent organizational and communication skills
  • Strong attention to detail
  • Ability to interpret and analyze swaps rules and regulations
  • Strong communication skills
  • Ability to manage and prioritize ongoing projects along with items necessitating immediate turnaround

REQUIRED TECHNICAL SKILLS

  • MS Office Outlook, Word, Excel, Adobe, Docusign and Powerpoint proficiency
  • Familiarity with Sharepoint and data management

PRIOR WORK EXPERIENCE

Required:

  • Prior internship or work experience in financial services or legal industry

EDUCATION

Required:

  • College graduate

Desired:

  • JD is strongly preferred

Business insight

Societe Generale Corporate & Investment Banking is looking to hire an intern for a 6 to 12 month period within our Compliance Dodd Frank Act (“DFA”) and Regulatory Program Management group, focusing on DFA matters, SG US Policies and Procedures, Regulatory Change Management, Regulatory Inventory and Training.  This intern will support the governance of the Compliance Department’s DFA framework, among other responsibilities.  The hired candidate will be located in our New York City Office at 245 Park Avenue but will likely be able to work at least some of the time remotely.  Responsibilities will include assisting with the following:

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: 21000F0B
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: immediate
Publication date: 2021/07/12
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