Regional Sanctions Compliance Officer, Regional Financial Crime Unit, APAC

Permanent contract|Hong Kong|Compliance

Regional Sanctions Compliance Officer, Regional Financial Crime Unit, APAC

Hong Kong, Hong Kong Permanent contract Compliance

Responsibilities

  • Perform analysis, liaise with Business Lines, KYC Team and other relevant departments to provide, in a timely manner, Sanctions compliance opinions in relation to (a) proposed transactions (including trade finance transactions, syndicated loans, debt issuances etc.) and (b) onboardings, regular and trigger event reviews of customers.
  • Timely clearance of Sanctions related alerts, including but not limited to second level transactional sanctions screening alerts. 
  • Work with other Compliance/FCU teams, Business Lines, KYC Team and support functions in APAC to implement the relevant policies and procedures related to Sanctions Compliance program. 
  • Maintain a solid knowledge of EU / US / HK sanctions regulations; ensure up-to-date knowledge on regulatory trends, trade-based money laundering typologies, market practices and standards.
  • Contribute to the training of the Business Lines on Sanctions related matters and providing support to them to mitigate Sanctions and Embargoes related risks. 
  • Coordinate and manage regional governance meetings for FCU teams in APAC
  • Contribute to review and report the Management Information (KRI/KPI).
  • Interact and collaborate with other teams at a local level (including AML/KYC, Regulatory, Transformation, COO teams) and at the Group level (Norms and Procedures, Oversight, Incidents teams) as well as FCU teams from other regions. 
  • Contribute to the development of Compliance within the Group and to enhance working methodologies (sharing best practices, promoting consistency in analytical approaches, etc.).
  • Help to facilitate governance over sanctions lists, screening and contractual frameworks.
  • Assist in the review of regulatory examination and internal audit deliverables.
  • Review for adherence to sanctions compliance policies and procedures and assist in maintaining these policies and procedures and establishing controls to test for adherence.
  • Investigate and review potential breaches and present the residual risks to management.
  • Work with business unit on review and guidance regarding new product initiatives
  • Undertake ad hoc projects

Profile required

Education / Qualification

  • Graduate level with legal / finance or other professional qualification is required. Legal qualification covering EU or US law is a plus. 
  • Preferably holder of Certified Global Sanctions Specialist (CGSS) ACAMS certification. 

Experience

  • At least 5 years in Sanctions Compliance in a financial institution including exposure to sanctions related advisory and alerts management.

Languages

  • Fluent in English & Chinese. Fluency in Putonghua is an advantage, but not a prerequisite

Technical Skills

  • Solid knowledge of EU, OFAC and HK sanctions regimes 
  • Good understanding of financial crime risks, risk assessments and controls in relation to Sanctions related matters 
  • Good understanding of trade finance products and the business line activities including market activities. 
  • Working knowledge of global regulatory and financial services legislation as it pertains to Sanctions & Embargoes rules relevant to the business lines

Personal abilities

  • Good communications and influencing skills
  • Good presentation and report-writing skills
  • Excellent analytical skills and a critical thinker
  • Excellent adaptability to an international environment
  • Open-minded, willing to take suggestions and work together for solutions
  • Proactive with a strong motivation to learn and gain knowledge required to perform 

General Competencies

  • Operational Skills
  • Regulatory Skills
  • Communication Skills
  • Flexibility - Adaptability
  • Ability to make Decisions

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 133,000 employees based in 61 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.

Our expertise in the Asia Pacific region ranges from Corporate & Investment Banking (Advisory, Financing and Global Markets) to Asset Management, Securities Services, Trade Finance and Cash Management Services. Leveraging on our formidable global footprint, we serve corporates, financial institutions and the public sector. With our regional headquarters in Hong Kong, we operate in 11 countries across Asia Pacific, employing over 6,600 employees. You can find us in Beijing, Seoul, Tokyo, Singapore, Mumbai, Sydney and other locations in the region.

Department Description
The APAC Regional Sanctions Compliance Officer has responsibility for the APAC region to advise and assist the APAC Regional Head of Sanctions Compliance (CPLE/ASI/FCU)  in all matters related to Sanctions to maintain the SG Group Financial Crime Compliance (FCC) Policy standards and to ensure SG Group remains regulatory compliant in all FCC related matters.  

The post holder shall be responsible for taking the lead on certain run the bank (“RTB”) and change the bank (“CTB”) functions related to sanctions advisory, investigations and controls implementation framework

The person will also be one of the subject matter experts within the APAC FCU’s Sanctions Team providing expert advice to the business lines and support functions.

More generally, the post holder is expected to proactively implement policies and procedures, keep senior management informed of FCC related matters and risks in a timely manner, contribute to the training and awareness program, conduct on-going review of the adequacy and effectiveness of the financial crime control framework, and undertake ad hoc projects to enhance on an ongoing basis the Sanctions Compliance program.

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: 22000N93
Entity: Societe Generale Hong Kong Branch
Starting date: 2022/10/01
Publication date: 2022/08/08
Share