Structured products/Cross Asset Sales Markets Advisory Compliance Officer

Permanent contract|London|Compliance

Structured products/Cross Asset Sales Markets Advisory Compliance Officer

London, United Kingdom Permanent contract Compliance

Responsibilities

Description of the Department

With a diverse department of Compliance professionals supporting all lines of our business, GBIS Compliance’s mission statement is 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

Role Description

The department is recruiting for a trading floor-based VP level Advisory Compliance officer dedicated to the support and the management of compliance (regulatory, reputational, etc.) risks for the Cross-Assets Sales and Structured Products business lines within the Markets Division at SG.

Summary Of Responsibilities

  • Proactively provide compliance and regulatory advices to the Cross-Assets Sales and Structured Products business lines as required and the relevant support to the operational functions covering this business line.
  • Maintain a current understanding of the Cross-Assets Sales and Structured Products business’ strategy and be conscious of forthcoming changes to this strategy which may impact the regulatory and reputational risks arising from the business. Escalate regulatory and reputational issues and risks in a proactive and timely manner to the Global Compliance Officer for the Cross-Assets Sales and Structured Products business lines.
  • Advise on regulatory and reputational aspects of new products and participate in New Products Committees “NPCs”
  • Maintain a sound working knowledge of the regulatory landscape (both UK and European) and exchange rules and regulations relevant to the Cross-Assets Sales and Structured Products business lines.
  • Assist in the design and deliver of regulatory trainings for the business line using one-to-one or classroom methodologies.
  • Review marketing materials and any other regulatory pre-trade information documents (e.g. typically KID as per the PRIIPs/KIDs regulation) intended for retail clients within the framework of internal policies and ensure they are clear, fair and not misleading.
  • Provide support to the Compliance staff in other locations as required, in understanding the regulatory risks and the impact of the London-based markets practices and FCA Rules on staff based overseas whose activities impact the UK markets.
  • Participate actively in investigations into incidents arising within the business lines that are the focus of the team.
  • Contribute to regulatory enquiries (both local and European) and liaise/coordinate with internal groups where necessary.
  • Support the resolution of any internal (Audit or else) or regulatory recommendations in relation to Sales and structuring activities.
  • Contribute to the production and maintenance of the risk cartography of regulatory risks connected to the business line produced by Markets Compliance, 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.
  • Develop personally (and encourage the development within the advisory team) of an understanding of current market practices relating to the operations of the business line and related compliance policies and practices, by maintaining relationships with Compliance colleagues in other Firms, engagement with audit, consulting and legal firms with relevant knowledge and experience and with trade associations and other industry bodies.

Profile required

Competencies

  • Minimum of 10 years floor-based compliance or equivalent experience relating to structured products or equity-derivatives or cross-assets classes activities
  • or a similar period as a regulatory or financial lawyer
  • or a similar period as a Front Office Structurer/Engineer with relative exposure to Compliance

Technical Skills

  • Good understanding of Cross-Asset classes (Equity, FIC, Funds, Prop indices) & Structured products and associated payoffs
  • Strong working knowledge of UK FCA regulatory rules
  • Knowledge of existing and upcoming EU directives relating to financial services
  • Exposure to French AMF and ACPR regulation is recommended

General Competencies

  • Regulatory Skills
  • Strong Communication Skills
  • Flexibility – Adaptability
  • Ability to make Decisions
  • Ability to Work Under Pressure
  • Analytical Skills
  • Initiative
  • Teamwork

Personal abilities

  • Influencing skills
  • Presentation skills
  • Report-writing skills

Specific Context

  • Post holder must be confident and trust his/her judgement in interacting with the Business.
  • Post holder must be comfortable with challenge and be able to defend his/her position
  • Communication and interaction with compliance colleagues in France, US and Asia.

Languages

  • English
  • French an advantage, but not prerequisite

Occasional travels to Paris required.

Why join us

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.

Business insight

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 Société Générale, 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 identity.

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: 21000SEV
Entity: SG CIB
Starting date: 2021/11/15
Publication date: 2021/09/29
Share